If you haven’t been following the recent line of credit issued to Medmen, Alex Berenson wrote a great piece covering it for CNBC here. Some of the challenges facing the company based on their burn rate, asset sales, and overall competition from legal and black-market suppliers, most notably in California, could spell trouble for the company. Berenson, reports on the “credit card like deal”, as I will call it, that Medmen made with Gotham Green partners. Some of the highlights, lowlights if you are a shareholder, include the following: via Blogger Will MedMen be the First Major Marijuana Company to go Bankrupt?
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AuthorI have served the country for many years. A year ago I was battling with cancer and thankfully I found a solution to heal my illness and wanted to help others who have gone through what I've been through. Archives
May 2019
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