Replies to post #2938 on MedMen Enterprises Inc (MMEN)

[JohnCM]

Cannabis Movers & Shakers: MedMen, Rolling Stone Culture Council, Sierra Constellation, Cansortium, Terra Tech, Flora Growth

Benzinga
By Jelena Martinovic
Tue, December 22, 2020

Here is a summary of the latest company shakeups within the cannabis industry.

MedMen Appoints Reece Fulgham As Interim CFO

Cannabis retailer MedMen Enterprises Inc. (CSE: MMEN) (OTCQX: MMNFF) appointed Reece Fulgham as its Interim CFO.

Fulgham replaces Zeeshan Hyder, who opted to step down from the position.

The Los Angeles-based company confirmed Friday that Fulgham will supervise its finance and accounting operations starting Dec 21.

Fulgham is a former CPA who brings over three decades of accounting, turnaround management, and restructuring experience. During his career, he served as an auditor, board member, interim operating manager, and advisor to several companies, including Hollywood Video, Epic Resorts, American Golf, and Imperial Sugar, to name a few.

Currently, he serves as a managing director at SierraConstellation Partners.

Tom Lynch, the company’s chairman, and Interim CEO thanked Hyder for his contributions, adding that “his steady hand and deep industry knowledge were vital during our turnaround.”

Meanwhile, MedMen reported its net revenue dropped by 40% to $27.4 million in the fourth quarter, ahead of appointing Tracy McCourtas as its CRO earlier this month.