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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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File: 11 KB, 320x213, potleaf.jpg [View same] [iqdb] [saucenao] [google]
13304266 No.13304266 [Reply] [Original]

I hope you're ok and not bankrupt

>> No.13304933

Medmen is fucked. if only you guys fucking knew

>> No.13304947

>>13304933
Don't they have massive ammounts of debt and the owners spend company money on personal expenses?

>> No.13305034

>>13304947
that’s the long and short of it but it gets even worse than that. the CEO is known to be free-wheeling with investor money and irrational/critically arrogant. once an article came out that revealed he donated to a certain politician to grease the wheels in Nevada, that is said to have enraged him and he threw a tantrum in his office.

He also had his former CFO donating to certain politicians after they had hit their personal limit. Then after they fired the guy theyre accused of continuing to sign documents under his name for a few days. I highly recommend reading the lawsuit from that CFO. whole company’s culture is rotten from the bottom to the top

>> No.13305067

Given all the marketing they spent, I'm not surprised they have money problems. They're the only dispensary I've seen with ads in an airplane magazine.

>> No.13305487

>>13305067
The marketing is effective. Their stores are cash machines. However their eyes are bigger than their stomachs. They have a ton of money tied up in real estate and licensing in states that they haven’t even broken ground in. They have 30+ licenses for individual shops that aren’t operational. That means a shitton of red minuses all over the country.

>> No.13305506
File: 9 KB, 200x200, flo.png [View same] [iqdb] [saucenao] [google]
13305506

you were supposed to invest in flo anon