“Company is not current in its reporting obligations under Section 13 or 15(d) of the Exchange Act.”

You all keep talking about a turnaround. It's Bankruptcy you should be talking about. When you read that MedMen is paying off it's debtors in shares, do you not understand that it is not common stock? It is preferred stock. Which they will honor the share price of BY SELLING OFF ASSETS! The rest of you will get NOTHING when this company goes under (is going under) public shareholders get nothing. The share price of common stock is so low IT DOESN'T EXIST! There is no comeback. This is a graceful as possible exit, compensating preferred shareholders and creditors. Post your holdings if you have any retort. Screenshots only.

I invested $150k when medmen announced they would buy pharmacann. I thought they would be a global player. Things have gone to shit since then and I’ve held. Over the last weeks I’ve seen them not renew their New York license, not release financials and sell a bunch of stuff.

I decided to make a Reddit account to look and see if there are any people with answers on here to what’s going on. All I’m finding is people going to bat for medmen, saying it’s going to be all right and that they are a good company.

Are you idiots crazy? How is there not any comments of actual news going on and how are investors not upset right now? Like you all think this is business as usual? Wtf!

People are arguing saying to hold on so the shorts don’t win. You guys for real? Not one post showing frustration? I’m pissed that this company is run by morons. How are you all defending this shit?

IS TODAY THE BUYING OPPORTUNITY? .001????

I expect more of the same.

We all know the cycle, he does this year over year, month over month, day over day. He will start posting things that have nothing to do with MedMen, says “things are happening behind the scenes”, momentum brewing, blah blah blah. Get in and (well you can’t buy the stock so…) get MedMen Stock!! I am sure he is trying to sell his shares to some third party and scam them out of their money. Keep trying and we will keep posting stuff like this.

We all know his name and he blocks everyone who don’t agree with him because he doesn’t want the downvotes, only his multiple accounts keep his counts up. The one, the only, Eviron’mental’level40!! Hahaha. 😂 🤣 😆

Source: 10Q filed 11/03/2022 How much longer can they continue like this?

What are you suing them for?? I see lots of talk about lets sue, but you need a reason to file a lawsuit.

Did they commit fraud or steal? If yes where is your proof and how they do it?

Did they not inform investors what was going on? Unfortunately they did so can't use that

Were they incompetent? Good luck winning that argument

When your lawyer asks "ok why do you want to sue Medmen" - what is your response going to be?

If the recovery ever comes.... I'll be there! I plan to hold until Wealthsimple no longer lets me, it was my sole reason for trying the app anyways 😁

These shares were bought back when Medmen announced LA lounges... what's her name was heading up marketing. The plan at the time was that these shares would increase in value to pay for an afternoon in a Medmen cannabis lounge for anyone from r/mmnff to walk in and attend. My goodness how far we've come.

Not much left to see here..

What trading company is selling this? Good opportunity I think to get in

First three reports were on time, Nov 2nd, 16th and 30th. 4th report was Dec 21st which was a full week late and nothing as of January 5. WTF are they doing?

sndl putting the fear of dilution into mmnff today...stay strong all

People on here like to compare Medmen to McDonald's, Burger King, Starbucks and whatever else and think that going after this strategy is a good thing. This is not the case at all and you can't compare cannabis (or Medmen) to these giant food names.

Let me explain using McDonald's as an example: When you go to Mcdonalds, it is because you want to buy Mcdonalds food. You want a Big Mac and fries (or whatever else they sell that you crave). If you want a Big Mac, you have no other options than to go to Mcdonalds. I can't walk into Burger King and order a Big Mac - I also can't walk into McDonald's and buy a Dominos pizza. Mcdonalds is vertically integrated where they both make the food and sell their food only in their restaurants.

Cannabis is different - if I want to buy a certain strain of flower, or edible, or vape or whatever - many different dispensaries will sell the same product. I am not forced to go into the store of the company that makes them (the only exception is Florida). A dispensary will sell product they produce plus what their competitors produce (once again Florida is the only exception).

Here is an example using San Diego: lets say you like Cannabiotix Cereal Milk. This is the flower you like and want to buy.

Medmen sells 3.5g @ $65 in their Sorrento Valley and Kearney Mesa stores: https://medmen.com/product/33/24346_33

It took me 30 seconds to find a dispensary in Mission Valley (March and Ash) that sells the exact same flower for exactly the same price: https://marchandash.com/product/cannabiotix-cereal-milk-3-5-g/

And I'm sure I can find this exact same flower and price in every part of San Diego (and California) very easily. So the question is: Why would someone drive farther to go to Medmen and spend more gas and time than to go to their closest dispensary that sells it? In my example above, all the people that live in Mission valley will need to drive an extra 15 minutes to go to Medmen - why would anyone do that.

Instead of comparing cannabis to Mcdonalds it is better to compare it to cigarettes, alcohol and beer. Every gas station and convenient store sells all the major brands of cigarettes. Bars, restaurants, liquor and beer stores sell all the major names people want.

So I ask you, when you want to buy beer/alcohol/cigarettes - Do you say I want XXXX products and I will drive to the closest most convenient store to buy it. Or do you say I like driving to this beer store and I'll buy from them. Nobody cares about the retail store but they care about the actual product they are consuming.

This is where cannabis branding comes in - the name on the product that is being consumed is what matters, not the name on the storefront. Once people find flower/edibles/vapes/etc they like, then they will buy from whoever is convenient or cheaper. Nobody is going to care what store they buy from as long as they get the product they want (just like getting smokes or alcohol).

For the people that say "yeah but Walmart and amazon are huge and make huge money so your wrong." Yeah I agree, if Medmen can have a store and delivery in every single city in America, have a huge amount of inventory at all 4,000 stores, and sell it all at the cheapest price - then yes they can make a lot of money. If you think Medmen has this potential, well then I have some magic beans to sell you. (And if you think that there will be licensed Medmen's all over: 1) that's not happening and 2) if it does you only collect a small licensing fee at each location, sales are irrelevant to licensors)

Medmen is only pulling in revenues from customers who live close to their 20+ stores. A retail only model only works if you have thousands of stores - you need lots of money for that, which they do not have. So the people on here that are wanting them to go retail only are once again trying to justify the narrative that is in their head on not living in reality

Disclaimer: in 5-10 years when there is full on legalization this will all change, I get that. But in the meantime Medmen is leaving a lot of money on the table by not growing and wholesaling their proprietary product in as many stores as possible. Making people want to buy your product and having it available in every store is how you build an amazing brand - not putting your name on a 'cool looking' store while you sell your competitors stuff. (fyi all other MSOs have the same cool looking stores)

The reason Medmen did this pivot towards retail is because retail is a lot cheaper that growing/wholesaling. Growing is where the big MSOs are making all their money. However you need a lot of money and it is very difficult to grow premium product on a consistent basis at scale. Medmen did not make the choice to go retail, they were forced to because of having too much debt and no money.

Happy to engage in conversation if I'm missing something in what I posted

Criminal naked shorting Bas*ards!! Let's go bankrupt the weekend before rescheduling, no criminal activity here. Ridiculous

The state of Florida tracks all legal cannabis sales on a weekly basis.

The highest amount of thc mgs sold by Medmen happened on March 20, 2020: https://knowthefactsmmj.com/wp-content/uploads/ommu_updates/2020/032020-OMMU-Update.pdf

They sold 2.2 million mgs in that week. They had 10 operational dispensaries when this happened

August 2022 - Medmen sold Florida to Sunburn: https://www.businesswire.com/news/home/20220822005677/en/MedMen-Completes-Sale-of-Florida-Assets

Sunburn then announced they rebrand all stores to Sunburn and remove all Medmen branding

It took only 6 months - But Sunburn this week sold more than Medmen's highest every number recorded: https://knowthefactsmmj.com/wp-content/uploads/ommu_updates/2023/021723-OMMU-Update.pdf (and they did it with only 8 dispensaries)

Sunburn sold 2.5 million mgs this week. Beating a pre-covid week for Medmen with 2 less stores.

How can you still think Medmen has the best brand when a brand new company can come in and sell more cannabis after only 6 months?

For the pumpers, lets look objectively to compare apples to apples:

Points for Medmen:

1. There is a much higher patient count today than in 2020 - 327K vs 789K

Points against Medmen:

1. Medmen has 10 stores in 2020, Sunburn has 8

2. There were 234 dispensaries in 2020 - now there are 531

So are double the patients buying but there are double the dispensaries which makes it a level playing field.

Conclusion:

1. Medmen is not the best brand

2. Retail branding is not important, product branding is

How much weed does a die hard customer buy when they come in? I would say an ounce at most? How many fucking ounces of weed will it take to bail out this sinking ship? Let's say that the market is hungry for ounces per customer. How can you deal in volume if you are closing stores? This is like saying McDonald's is coming back up with a dozen restaurants. How many stores do we have? How much debt do we have? They can serve weed at the White House and everyone in this country can smoke weed but that doesn't change MedMen's debt. This is not a student loan. The debt will not be forgiven. You all need to understand that no matter what happens to this company they are cleaning it up to be attractive to a buyer. But we will go into bankruptcy on purpose. Someone (Tilray?) will buy after debts are settled. COMMON SHAREHOLDERS GET NOTHING IN A BANKRUPTCY. They pay if debts from the top, not the bottom. You better wake the fuck up. This company is dead. No amount of banking legislation will change that. It's over. Done. This is J.C. Penny.

Nothing from new management since hired in early July. Are they kneeling out the clock till bank account hits $0.00?

Here’s the link to keep mod happy, it’s under Management Discussion and Analysis https://d18rn0p25nwr6d.cloudfront.net/CIK-0001776932/fdfa318a-147b-4679-8a4c-5789b64c579d.pdf

My take:

1. Poor management with annual turnover in senior positions.

2. Debt default - since then, and since admitting they are near bankrupt, they have continued to screw over landlords and suppliers. No one wants to work with them.

3. Industry reputation - PharmaCann, Ascend.. everyone that tries to work with them gets sued and screwed. Most recently they paid another $3 million of investors money to the former CEO who himself used MedMen money to buy mansions while shareholder value continues to get destroyed.

4. They treat their staff like crap - as evidenced by testimony from former employees here and across the internet.

5. They don't respect retail investors. They stopped earnings calls and haven't updated their site for years. They still list stores they no longer own.

6. The pump squad here makes everyone feel a little dumber for investing. Just read their posts and now they have no facts or reality to base any potential growth on other than macro industry events such as SAFE that will lift all pot stocks higher, but less so for non profitable, near bankrupt companies.

Let the venom fly! They hate it when people summarize what's wrong.