Deals
MedMen Cuts 190 Jobs, Sells Non-Core Assets in Pot Reckoning
- Layoffs include 20% of cannabis company’s corporate workforce
- Will also sell its stake in Treehouse REIT for $14 million
A marijuana leaf design is seen in the window of the MedMen dispensary.
Photographer: Patrick T. Fallon/BloombergThis article is for subscribers only.
Cash-strapped MedMen Enterprises Inc. is laying off more than 190 employees, including 20% of its corporate workforce.
The move is part of a broader corporate restructuring, with the pot company targeting positive earnings before interest, taxes, depreciation and amortization by the end of 2020.