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Podcast: Cannabis Talk 101
Episode: Medmen⢠files for bankruptcy 5 years after $3 Billion Valuation!
Description: Multistate cannabis company MedMen⢠leaves the industry by filing bankruptcy proceedings in Canada with about $411 million in liabilities. MedMen⢠announced on April 26 that it filed for bankruptcy under Canadaâs Bankruptcy and Insolvency Act on April 24. The business advisory firm B. Riley Farber Inc. was appointed as the companyâs bankruptcy trustee. The company also announced that its American subsidiary based in California entered receivership in the Los Angeles Superior Court on April 23 for the organized dissolution and liquidation of its assets. Cannabis Talk 101, âThe Worldâs #1 Source For Everything Cannabisâ, made global history by becoming the first cannabis show to partne...