Staff$3 billion – MedMen valuation in 2018
Once upon a time, MedMen Enterprises was a unicorn in the cannabis industry. In October 2018, it was riding high with a $3 billion market cap and grand expansion plans. Now, the company has an “estimated realizable value” of $1, according to documents from the trustee overseeing its bankruptcy case in Canada.
Source: Company filings, B. Riley Farber, and Green Market Report analysis
