As it opened up dispensaries across the country, MedMen has been the poster child for the fast-growing mainstream cannabis industry. But a new report suggests the Los Angeles-based startup could be running on fumes. Financial statements released last month showed that the company did not have “sufficient funds generated from operations” to cover its short- and long-term needs, and needed to find more financing, according to a CNBC report. A former executive at the Culver […]
source https://therealdeal.com/la/2019/03/28/it-aint-easy-being-green-medmen-cannabis-startup-in-financial-straits-report-says/#new_tab
No comments:
Post a Comment