MedMen is a premier American cannabis company with an operational footprint in California, Nevada, Illinois, Massachusetts, and New York. MedMen offers a robust selection of high-quality products, including MedMen-owned brands MedMen Red, Moss and LuxLyte, through its premium retail stores, proprietary delivery service, as well as curbside and in-store pickup. MedMen Buds, an industry-first loyalty program, provides exclusive access to promotions, product drops and content. MedMen believes that a world where cannabis is legal and regulated is safer, healthier, and happier.
Company profile
Ticker
MMNFF, MMNWF
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
MM CAN USA, Inc. • MM Enterprises USA, LLC • Convergence Management Services, Ltd. • LCR SLP, LLC • NVGN RE Holdings, LLC • Manlin I, LLC • SA Fund Group • CYON Corporation, Inc. • BH Fund II Group, LLC • MMOF Downtown Collective, LLC ...
IRS number
981431779
Latest filings (excl ownership)
8-K
Departure of Directors or Certain Officers
30 Jan 24
8-K
MEDMEN ANNOUNCES management and Board changes
24 Jan 24
8-K
MedMen Exits Arizona Market, Completing Sale of Local Operations to MINT Cannabis
12 Jan 24
8-K
MedMen Enters into Definitive Agreements to Exit Arizona
21 Dec 23
NT 10-Q
Notice of late quarterly filing
17 Nov 23
NT 10-K
Notice of late annual filing
2 Oct 23
8-K
Departure of Directors or Certain Officers
29 Sep 23
8-K
MedMen Announces Ellen Deutsch as Chief Executive Officer and Amit Pandey as Chief Financial Officer
11 Jul 23
10-Q
2023 Q3
Quarterly report
7 Jul 23
8-K
MedMen Announces Resignation of Chief Financial Officer
20 Jun 23
Transcripts
Latest ownership filings
SC 13D/A
Gotham Green Partners LLC
5 Mar 24
SC 13G/A
Parallax Volatility Advisers, L.P.
14 Feb 24
3
RICHARD P ORMOND
5 Feb 24
SC 13D/A
Gotham Green Partners LLC
13 Nov 23
4
MELONY VALLEAU
4 Oct 23
3
MELONY VALLEAU
4 Oct 23
SC 13D/A
Gotham Green Partners LLC
10 Aug 23
4
Amit Pandey
25 Jul 23
3
Amit Pandey
25 Jul 23
3
ELLEN BETH HARRISON
21 Jul 23
Financial summary
Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Jun 22 | Jun 21 | |
---|---|---|---|
Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
Cash on hand | |||
Change in cash | |||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 7.63 mm | 7.63 mm | 7.63 mm | 7.63 mm | 7.63 mm | 7.63 mm |
Cash burn (monthly) | 2.66 mm | 565.50 k | 12.19 mm | 14.29 mm | 4.95 mm | 1.70 mm |
Cash used (since last report) | 34.48 mm | 7.33 mm | 158.05 mm | 185.21 mm | 64.12 mm | 21.98 mm |
Cash remaining | -26.86 mm | 294.58 k | -150.43 mm | -177.58 mm | -56.50 mm | -14.36 mm |
Runway (months of cash) | -10.1 | 0.5 | -12.3 | -12.4 | -11.4 | -8.5 |
Institutional ownership, Q2 2023
13F holders | Current |
---|---|
Total holders | 16 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 1 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 441.85 mm |
Total shares | 3.00 bn |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Serruya Michael | 1.10 bn | $122.68 mm |
TLRY Tilray Brands | 941.05 mm | $250.70 mm |
Gotham Green Partners | 463.46 mm | $6.95 mm |
Aaron Serruya | 109.22 mm | $12.23 mm |
Serruya Jacques | 109.22 mm | $12.23 mm |
Serruya Simon | 109.22 mm | $12.23 mm |
Wicklow Capital | 76.29 mm | $9.89 mm |
Stable Road Capital | 39.23 mm | $6.43 mm |
Serenity Investments | 31.34 mm | $4.07 mm |
Mekita Investments | 27.79 mm | $3.38 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
25 Sep 23 | Melony Valleau | Class B Subordinate Voting Shares | Grant | Acquire A | No | No | 0 | 5,102,041 | 0.00 | 5,102,041 |
24 Jul 23 | Amit Pandey | Class B Subordinate Voting Shares | Grant | Acquire A | No | No | 0.0228 | 13,157,895 | 300.00 k | 13,157,895 |
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