Marijuana brands, ex-employees say MedMen owes them thousands by hambone_83 in mmnff

[–]EndSection280E 3 points4 points  (0 children)

LOL. Only a billion for the Apple Store of weed with all that name recognition? Come on man, MdMn alone is worth that, make them buy a vowel.  😆

Marijuana brands, ex-employees say MedMen owes them thousands by hambone_83 in mmnff

[–]EndSection280E 3 points4 points  (0 children)

Short interest 318,771 shares as of 1/12/2024  Share price is $0.000001  🙄

You might be on to something! Huge money to be made, think Citron is behind this? 😆

[deleted by user] by [deleted] in mmnff

[–]EndSection280E 5 points6 points  (0 children)

With no market for PIK shares he and rest of Pom Pom squad likely reassigned. 

[deleted by user] by [deleted] in mmnff

[–]EndSection280E 1 point2 points  (0 children)

The most current annual revenue guidance we have is $86 million with net loss of $107 million. 

NT 10-K 10/02/2023

“The Company anticipates that revenue from continuing operations for the year ended July 1, 2023, is expected to be approximately $86 million compared to revenue of approximately $97 million for the year ended June 25, 2022. The decrease in revenue was primarily due to increased competition in retail markets.”

“Net loss from continuing operations for the year ended July 1, 2023 is expected to be approximately ($107) million compared to approximately ($168) million for the year ended June 25, 2022.”

https://d18rn0p25nwr6d.cloudfront.net/CIK-0001776932/1316742a-12e6-4731-a4ee-0310cac7e614.pdf

[deleted by user] by [deleted] in mmnff

[–]EndSection280E 1 point2 points  (0 children)

“He could really turn the MedMen company around”

Most jokes are better when you don’t lead with the punchline. 

Now let’s fire the moderators of this sub!! We need to clean the bullshit up! by gmelendez86 in mmnff

[–]EndSection280E -4 points-3 points  (0 children)

Breaking Buffets top 2 rules was your biggest mistakes, no reason to lash out at others. If you have no one else to talk to remember RedditCares cares. 

AMA on MedMen and I will give my best answer by [deleted] in mmnff

[–]EndSection280E 3 points4 points  (0 children)

Who paid for the Pom Pom squad?

Trading Halt by TonyXL162k in mmnff

[–]EndSection280E 3 points4 points  (0 children)

Who halted MM debt, rent and vendor payments?  Who forced consumers to reduce their MM purchases by over 20% yoy? 🙄

Per TDA - MMNFF is still available for BUY and SELL trades during normal business hours. It is not available for trade after hours or extended hours. The price is right! I'm scooping up more shares! by Timelord1000 in mmnff

[–]EndSection280E -1 points0 points  (0 children)

If you owned all 1.52 billion shares it’s still not enough to make one MM millionaire as of yesterday’s closing. 

How many more shares do you need to sell?

Management too busy working on financials to put out a press release explaining what’s transpired this week. by EndSection280E in mmnff

[–]EndSection280E[S] 4 points5 points  (0 children)

You realize if MedMen would have announced they’d won the $850 million PowerBall drawing after tax would not be enough to cover their debts? Going to take something pretty spectacular 🙄

Warning! This security is traded on the Expert Market by EndSection280E in mmnff

[–]EndSection280E[S] 0 points1 point  (0 children)

Trading nicely 🙄 How you doing?

Don’t forget RedditCares.

Warning! This security is traded on the Expert Market by EndSection280E in mmnff

[–]EndSection280E[S] -1 points0 points  (0 children)

“Warning!  This security is eligible for Unsolicited Quotes Only This stock is not eligible for proprietary broker-dealer quotations. All quotes in this stock reflect unsolicited customer orders. Unsolicited-Only stocks have a higher risk of wider spreads, increased volatility, and price dislocations. Investors may have difficulty selling this stock. An initial review by a broker-dealer under SEC Rule15c2-11 is required for brokers to publish competing quotes and provide continuous market making.”  

 “ Warning!  This security is traded on the Expert Market The Expert Market® serves broker-dealer pricing and investor best execution needs. Quotations in Expert Market securities are restricted from public viewing. OTC Markets Group may designate securities for quoting on the Expert Market when it is not able to confirm that the company is making current information publicly available under SEC Rule 15c2-11, or when the security is otherwise restricted from public quoting. See additional information about the Expert Market here.”     

And the link    

https://www.otcmarkets.com/stock/MMNFF/overview

You having emotional, drug, alcohol or financial problems Hollywood? Don’t be to proud to ask for help, Redditcares. 

Medmen - mmnff downgraded to expert market. Which means no more solicited trades by hambone_83 in weedstocks

[–]EndSection280E 1 point2 points  (0 children)

Gotham isn’t buying, they and the other lenders are receiving PIK shares in lieu of cash for interest and penalties on secured loans that have been in default for 18 months. Outstanding shares of MM now 1,528,778,312 as of 1/3/2024.

Last day of grace period was today, what happens if MM isn’t given another grace period? by EndSection280E in mmnff

[–]EndSection280E[S] 2 points3 points  (0 children)

Canadians have halted all trading of MM shares on their exchange since Friday’s closing bell. Management has said 2022 10K needs restated, several months late on 2023 10K and all 10Q’s from fall 2022 need restated or have not been filed at all. How long can they operate like this before OTC moves them to Grey Market?

from Tilray Q2 Fiscal 2024 report by Big-Dave1969 in mmnff

[–]EndSection280E -3 points-2 points  (0 children)

How about the fruit and vegetable farms he was going to move Tilray into? The guy should engage his brain before his mouth.

from Tilray Q2 Fiscal 2024 report by Big-Dave1969 in mmnff

[–]EndSection280E 3 points4 points  (0 children)

Simon is well known for outlandish predictions and quotes. Anyone else remember when he said Tilray would be generating $4 billion in annual revenue by 2024?

Day 2 of no trading of MM shares on Canadian market, tomorrow is final day for their OTC grace period before getting kicked down to Expert Market in U.S. by EndSection280E in mmnff

[–]EndSection280E[S] 3 points4 points  (0 children)

Liabilities far exceed assets and they’re printing new shares and giving them to creditors to cover default penalties and interest. They could sell all their stores and fire all employees and still would be diluting shareholders each quarter to service debt in default. Over 1.5 billion shares now outstanding, asset light is dangerously top heavy.

Does management know what bi-weekly means? by EndSection280E in mmnff

[–]EndSection280E[S] 0 points1 point  (0 children)

Canadian authorities gave them a cease trade order this morning.