MedMen

Tilray Brands, Inc. Reports Q3 Fiscal 2024 Financial Results

Retrieved on: 
Tuesday, April 9, 2024
Diamond, MedMen, CPG, SweetWater Brewing Company, Blue Point Brewing Company, Craft, Cannabis, Weather, TLRY, Minhas Craft Brewery, Acquisition, Metro New York, Adjustment, TSX, Highball, Drink, Oil, Wellness, Shock, Anheuser-Busch, Beer, Advertising, Prior, Conference, Breckenridge Brewery, Growth, Environment, Tilray, Snack, Pacific Northwest, Drug

ET Today

Key Points: 
  • ET Today
    NEW YORK and LEAMINGTON, Ontario, April 09, 2024 (GLOBE NEWSWIRE) -- Tilray Brands, Inc. (“Tilray”, “our”, “we” or the “Company”) (Nasdaq: TLRY; TSX: TLRY), a leading global cannabis-lifestyle and consumer packaged goods company, today reported financial results for its third quarter ended February 29, 2024.
  • Beverage-alcohol gross profit increased 89% to $18.9 million in the third quarter from $10.0 million in the prior year quarter.
  • Completed Canadian cannabis business cost reduction plan launched during fiscal year 2022 and international cannabis business plan launched during fiscal year 2023.
  • For its fiscal year ending May 31, 2024, the Company is now guiding to an Adjusted EBITDA target of $60 million to $63 million.

Tilray Brands Delivers Record Q2 Fiscal 2024 Net Revenue

Retrieved on: 
Tuesday, January 9, 2024
Diamond, Happiness, Growth, Minhas Craft Brewery, Beer, Shock, Pacific Northwest, Tilray, CPG, Blue Point Brewing Company, SweetWater Brewing Company, TSX, Conference, Acquisition, Snack, Anheuser-Busch, Cannabis, Breckenridge Brewery, Oil, TLRY, Lead, MedMen, Drug

Record net revenue of $194 million increased 34% in the second quarter compared to $144 million in the prior year quarter.

Key Points: 
  • Record net revenue of $194 million increased 34% in the second quarter compared to $144 million in the prior year quarter.
  • Cannabis net revenue increased 35% to $67 million in the second quarter compared to $50 million in the prior year quarter.
  • Beverage alcohol net revenue increased 117% to $47 million in the second quarter from $21 million in the prior year quarter.
  • Distribution net revenue increased 12% to $67 million in the second quarter compared to $60 million in the prior year quarter.

Lehua Brands Unveils New Leadership Team and Distributor Ahead of Expansion to Canadian Cannabis Market

Retrieved on: 
Wednesday, January 10, 2024
Cannabis, Food, Beverage, Natural Resources, Retail, Specialty, Olam, Development, Creative, Research, Partnership, Operation, Spanos, CPG, Creativity, Labs, Diageo, Kraft Foods, Marketing, MedMen, Growth

Lehua Brands , a California-licensed manufacturer of prizewinning cannabis products, announced today an expansion of their house of brands into Canada.

Key Points: 
  • Lehua Brands , a California-licensed manufacturer of prizewinning cannabis products, announced today an expansion of their house of brands into Canada.
  • By building on its established California foundation with new leadership, new distribution and an advanced strategy, Lehua Brands is uniquely positioned to redefine the challenging California market, enter the Canadian sector, and establish a foothold for expansion into Northeast American markets.
  • “We’ve built a distinctive leadership team to drive our business forward in this new era,” CEO Sierra Elaina said.
  • Through a new strategic partnership with distributor Lowell Farms Inc. , a California-based vertically-integrated cannabis company, Lehua Brands accesses new distribution channels and solidifies its position in the competitive California market.

MedMen Exits Arizona Market, Completing Sale of Local Operations to MINT Cannabis

Retrieved on: 
Friday, January 5, 2024
Alternative Medicine, Cannabis, Retail, Health, Tobacco, Natural Resources, Specialty, Sale, MedMen, CLD, Cryptocurrency

MedMen Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQX: MMNFF), a premier cannabis company with operations across the United States, today announced that the Company has completed the previously announced sale of its non-core business operations in Arizona to an affiliate of Mint Cannabis (“MINT Cannabis”).

Key Points: 
  • MedMen Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQX: MMNFF), a premier cannabis company with operations across the United States, today announced that the Company has completed the previously announced sale of its non-core business operations in Arizona to an affiliate of Mint Cannabis (“MINT Cannabis”).
  • The pending sale of the Company’s assets in Nevada to MINT Cannabis awaits regulatory approval for completion.
  • “We are pleased to announce the closing of the sale of our business operations in Arizona.
  • ATB Capital Markets acted as financial advisor and Raines Feldman Littrell LLP acted as legal advisor to MedMen.

MedMen Enters into Definitive Agreements to Exit Arizona and Nevada per Announced Strategic Review, Selling Non-Core Assets to MINT Cannabis

Retrieved on: 
Wednesday, December 20, 2023
Alternative Medicine, Cannabis, Retail, Health, Specialty, Natural Resources, Sale, Acquisition, MINT, MedMen, CLD

MedMen Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQX: MMNFF), a premier cannabis company with operations across the United States, today announced that it has entered into definitive agreements to sell its non-core business operations in Arizona and certain assets in Nevada to an affiliate of Mint Cannabis (“MINT Cannabis”), a private multi-state cannabis operator headquartered in Arizona.

Key Points: 
  • MedMen Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQX: MMNFF), a premier cannabis company with operations across the United States, today announced that it has entered into definitive agreements to sell its non-core business operations in Arizona and certain assets in Nevada to an affiliate of Mint Cannabis (“MINT Cannabis”), a private multi-state cannabis operator headquartered in Arizona.
  • The transactions consist of the sale of MedMen’s wholly-owned operating subsidiary in Arizona and its two operating dispensaries located in Clark County, Nevada.
  • These sales are the result of MedMen’s previously announced strategic review and evaluation of divestiture opportunities of its non-core assets.
  • “MedMen is pleased with the outcome of our strategic review and has made good progress in our restructuring efforts.

MedMen Announces Delay of Filing of Financial Statements for the Year Ended July 1, 2023 and Issuance of Management Cease Trade Order

Retrieved on: 
Thursday, November 2, 2023
Other Retail, Alternative Medicine, Online Retail, Tobacco, Other Consumer, Health, Cannabis, Specialty, Natural Resources, Retail, Consumer, Form 10-K, Documentation, Security (finance), British Columbia Securities Commission, Form, CSE, Bank statement, National Policy, MedMen, Annual report, Cryptocurrency

The Company intends to file the Form 10-K as soon as reasonably possible.

Key Points: 
  • The Company intends to file the Form 10-K as soon as reasonably possible.
  • The Company anticipates having the 2023 Financial Filings available for filing on or before November 29, 2023.
  • The MCTO does not affect the ability of investors who are not insiders to trade in the securities of the Company.
  • MedMen intends to follow the alternate information guidelines contained in National Policy 12-203 for so long as it has not filed the 2023 Financial Filings.

Stash Dispensaries Opens Two New Adult-Use Dispensaries in Illinois

Retrieved on: 
Thursday, August 3, 2023
Government, Corp, Cannabis, Prop, MedMen, Acquisition, Multimedia, Stash, Farm, Drug

ORLAND HILLS, Ill., Aug. 3, 2023 /PRNewswire/ -- Leading cannabis company Stash is opening two new adult-use cannabis dispensaries in Illinois.

Key Points: 
  • ORLAND HILLS, Ill., Aug. 3, 2023 /PRNewswire/ -- Leading cannabis company Stash is opening two new adult-use cannabis dispensaries in Illinois.
  • Available in our upscale stores will be a range of products including flower, edibles, pre-rolls, tinctures, topicals, concentrates and vapes.
  • Illinois legalized recreational cannabis use in January, 2020, and the United States is in the middle of widespread legalization.
  • Stash Holdings Corp is headquartered in California, with operations in Illinois.

MedMen Announces Ellen Deutsch as Chief Executive Officer and Amit Pandey as Chief Financial Officer

Retrieved on: 
Wednesday, July 5, 2023
Other Retail, Alternative Medicine, Wine & Spirits, Tobacco, Other Health, Health, Cannabis, Specialty, Food, Beverage, Natural Resources, Retail, Fintech, Interim, CSE, Senior, Marketing, SAAS, CPG, MedMen, Pandey, OTC, Growth, Adjustment, Acreage Holdings, Management, Drug, Deutsch

MedMen Enterprises Inc. ("MedMen'' or the "Company") (CSE: MMEN) (OTCQX: MMNFF), a premier cannabis company with operations across the United States, today announced the appointments of Ellen Deutsch as Chief Executive Officer, effective immediately, and Amit Pandey as Chief Financial Officer, effective July 24th.

Key Points: 
  • MedMen Enterprises Inc. ("MedMen'' or the "Company") (CSE: MMEN) (OTCQX: MMNFF), a premier cannabis company with operations across the United States, today announced the appointments of Ellen Deutsch as Chief Executive Officer, effective immediately, and Amit Pandey as Chief Financial Officer, effective July 24th.
  • Deutsch has also been appointed to the Company’s Board of Directors, increasing the size of the Board of Directors to six.
  • Prior to Clever Leaves International, Pandey served as the Chief Financial Officer of PayCommerce, LLC, a private-equity-backed B2B global cross-border platform fintech SAAS firm.
  • “With the addition of Ellen and Amit, MedMen has completed the buildout of its go-forward management team.”

MedMen Announces Resignation of Chief Financial Officer

Retrieved on: 
Friday, June 16, 2023
Cannabis, Retail, Other Retail, Tobacco, Specialty, Natural Resources, Bowman, CFO, MedMen, CSE, EBITDA, Management

MedMen Enterprises Inc. ("MedMen'' or the "Company") (CSE: MMEN) (OTCQX: MMNFF), a premier cannabis retailer with operations across the United States, today announced the resignation of Ana Bowman as Chief Financial Officer, effective June 29, 2023.

Key Points: 
  • MedMen Enterprises Inc. ("MedMen'' or the "Company") (CSE: MMEN) (OTCQX: MMNFF), a premier cannabis retailer with operations across the United States, today announced the resignation of Ana Bowman as Chief Financial Officer, effective June 29, 2023.
  • Bowman has served as CFO since 2022.
  • Ana was instrumental in helping us achieve positive adjusted EBITDA for the last two quarters,” said Ed Record, MedMen’s CEO.
  • “We wish her all the best in her future endeavors.”
    MedMen has begun a formal search for a new CFO.

MAKR House Expands Offering of Disco Jays in California, Announces Landrace Origins Coffee and Cannabis Pairing Experience on June 17 in the Bay Area

Retrieved on: 
Thursday, June 1, 2023
Emerald, San Francisco Bay Area, THCA, Black–brown unity, Catalog, MedMen, Human, Angry black woman, Black, Movement, Entrepreneurship, Budtender, Love, Billy Levy, Senter, Coffee, Growth, Empowerment, Parent, Nightclub, Concord

The brand will roll out on additional retail shelves this week at Los Angeles' first Black-Woman owned dispensary GorillaRX and at seven Southern California MedMen locations.

Key Points: 
  • The brand will roll out on additional retail shelves this week at Los Angeles' first Black-Woman owned dispensary GorillaRX and at seven Southern California MedMen locations.
  • “We are thrilled to make Disco Jays more widely available through our retail partnerships and to collaborate with businesses that share our values of empowerment, " said Amber Senter, CEO/Founder of MAKR House.
  • Attendance will be $25, with complimentary access for budtenders and Landrace Origins Coffee subscription members.
  • The announcements come amidst significant growth and recognition for MAKR House as a catalog of premium and culturally relevant, authentic products.