MedMen is a premier American cannabis retailer with an operational footprint in California, Nevada, Illinois, Arizona, 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)
JD.com • Petco Health and Wellness • Ulta Beauty • ATRenew • Titan Machinery • Star • Missfresh • Leslie's • Yunji • Secoo Holding ...
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
Condensed Consolidated Interim Financial Statements
25 May 23
8-K
Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
22 May 23
NT 10-Q
Notice of late quarterly filing
5 May 23
8-K
MedMen Enterprises Announces Change of Auditor
23 Mar 23
10-Q
2023 Q2
Quarterly report
2 Feb 23
SEC STAFF ACTION
SEC staff action: Order
27 Jan 23
10-Q
2023 Q1
Quarterly report
3 Nov 22
EFFECT
Notice of effectiveness
13 Oct 22
424B3
Prospectus supplement
12 Oct 22
424B3
Prospectus supplement
12 Oct 22
Transcripts
Latest ownership filings
SC 13D/A
Gotham Green Partners LLC
10 May 23
SC 13G/A
Parallax Volatility Advisers, L.P.
10 Feb 23
SC 13D/A
Gotham Green Partners LLC
8 Feb 23
SC 13D
Gotham Green Partners LLC
10 Nov 22
SC 13G/A
Serruya Jacques
9 Nov 22
SC 13G/A
Serruya Simon
9 Nov 22
SC 13G/A
SERRUYA AARON
9 Nov 22
SC 13G
SERRUYA AARON
9 Nov 22
SC 13G/A
Serruya Samuel
9 Nov 22
SC 13G
Serruya Samuel
9 Nov 22
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
|---|---|---|---|---|---|
| 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) | 15.61 mm | 15.61 mm | 15.61 mm | 15.61 mm | 15.61 mm | 15.61 mm |
| Cash burn (monthly) | 1.83 mm | 2.62 mm | 4.68 mm | 12.96 mm | (no burn) | 1.75 mm |
| Cash used (since last report) | 9.90 mm | 14.14 mm | 25.27 mm | 70.09 mm | n/a | 9.44 mm |
| Cash remaining | 5.71 mm | 1.47 mm | -9.67 mm | -54.48 mm | n/a | 6.16 mm |
| Runway (months of cash) | 3.1 | 0.6 | -2.1 | -4.2 | n/a | 3.5 |
Institutional ownership, Q4 2022
| 13F holders | Current |
|---|---|
| Total holders | 17 |
| Opened positions | 1 |
| Closed positions | 1 |
| Increased positions | 1 |
| Reduced positions | 0 |
| 13F shares | Current |
|---|---|
| Total value | 448.71 mm |
| Total shares | 2.96 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 | 335.62 mm | $14.20 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 |
| Parallax Volatility Advisers | 84.91 mm | $0.00 |
| 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 |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 19 Apr 22 | Melvin Elias | Class B Subordinate Voting Shares | Grant | Acquire A | No | No | 0 | 160,775 | 0.00 | 1,039,098 |
| 19 Apr 22 | Errol Schweizer | Class B Subordinate Voting Shares | Grant | Acquire A | No | No | 0 | 106,028 | 0.00 | 1,232,620 |
| 19 Apr 22 | Edward J Record | Class B Subordinate Voting Shares | Grant | Acquire A | No | No | 0 | 143,449 | 0.00 | 158,373 |
| 19 Apr 22 | David Hsu | Class B Subordinate Voting Shares | Grant | Acquire A | No | No | 0 | 143,449 | 0.00 | 158,373 |
| 19 Apr 22 | Cameron Dovi Smith | Class B Subordinate Voting Shares | Grant | Acquire A | No | No | 0 | 143,449 | 0.00 | 984,022 |
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