Medmen™ files for bankruptcy 5 years after $3 Billion Valuation!
Multistate cannabis company MedMen™ leaves the industry by filing bankruptcy proceedings in Canada with about $411 million in liabilities. MedMen™ announced on April 26 that it filed for bankruptcy under Canada’s Bankruptcy and Insolvency Act on April 24. The business advisory firm B. Riley Farber Inc. was appointed as the company’s bankruptcy trustee. The company also announced that its American subsidiary based in California entered receivership in the Los Angeles Superior Court on April 23 for the organized dissolution and liquidation of its assets. Cannabis Talk 101, “The World’s #1 Source For Everything Cannabis”, made global history by becoming the first cannabis show to partner with iHeartMedia, on 4/20/2020. Thank you for listening & watching Cannabis Talk 101 with Christopher Wright, aka "Blue" the CEO and creator of Cannabis Talk 101 and the Cannabis Talk Network. & Joe Grande, former Co-Host on Big Boy’s Neighborhood on Power 106 FM, On-Air with Ryan Seacrest on 102.7 KIIS FM in Los Angeles and The Dog House in the Bay Area on WILD 94.9 KYLD. Toking with the Stars with Chuckie & Marty, & Financial Fridays with Tony Kassaei, The Inside Investor, on YouTube, IHeartRadio App, Spotify, & Apple Podcasts.
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