Month: November 2019

MedMen cuts 190 jobs, sells assets as pot firms come down off an expansion high

Cash-strapped MedMen Enterprises Inc. is laying off more than 190 employees, including 20% of its corporate workforce. The move is part of a broader corporate restructuring, with the Culver City, Calif.-based pot company targeting positive earnings before interest, taxes, depreciation and amortization by the end of 2020. MedMen will also divest noncore assets, including the…

By JohnValbyNation November 16, 2019 0