MedMen Plans to Go Public in Canada | CashCropToday
0 Shares 204 Views

MedMen Plans to Go Public in Canada

January 30, 2018
204 Views

MedMen is a Los Angeles based management and investment cannabis company that helps operates growing and manufacturing facilities, as well as recreational cannabis stores in legal states in the United States.

MedMen, a United States based private cannabis company, now plans to take their private company public by listing the company’s shares on the Canadian Securities Exchange (CSE) in the second quarter of this year.

Captor Capital (CSE: CPTR), a Canadian based public company, signed an LOI earlier this week to purchase 3% of MedMen for $30 million, which if the deal go through MedMen will have all the capital they need to take their company public. “http://www.marketwired.com/press-release/captor-increases-size-of-offering-and-retains-canacord-genuity-as-financial-advisor-2244867.htm

Our Take
MedMen is going to list the company’s stock on the CSE because of the recent amount of seemingly endless influxes of cash being invested into Canadian based public companies in the sector. Seemingly overnight, evaluations for Canadian companies, like Canopy Growth Corporation (TSE: WEED) and Aurora Cannabis (TSE: ABC), have grown into the billions ahead of the planned legalization of cannabis and extraction of cannabinoids from industrial hemp in July 2018. Not only will MedMen be able to raise the necessary capital to expand their operations but, also the company will benefit from the recent buzz surrounding the Canadian public cannabis sector.

About MedMen
MedMen operates scalable, high-efficient growing facilities using the latest in agronomic technology and sustainable techniques, and our manufacturing facilities use standards comparable to those in the biotech and pharmaceutical industries.

You may be interested

MedMen Begins Construction of Cannabis Cultivation and Manufacturing Facility in California
Growers
4 views
Growers
4 views

MedMen Begins Construction of Cannabis Cultivation and Manufacturing Facility in California

Sam Rosenberg - May 24, 2018

Med Men Enterprises has begun construction on a large scale cultivation and manufacturing facility in Desert Hot Springs, California. The new facility is expected to become operational…

Canopy Growth Corp. to Begin Trading on New York Stock Exchange Today
Market Watch
3 views
Market Watch
3 views

Canopy Growth Corp. to Begin Trading on New York Stock Exchange Today

Sam Rosenberg - May 24, 2018

Canopy Growth Corporation (TSX: WEED) announced this morning that the company is expected to begin trading on the New York Stock Exchange (NYSE) this morning under the ticker…

Colorado Passes Bill to Allow Public Companies to Invest into Cannabis  Businesses
Politics
7 views
Politics
7 views

Colorado Passes Bill to Allow Public Companies to Invest into Cannabis Businesses

Sam Rosenberg - May 23, 2018

Colorado has just passed a House Bill 18-1011 which will allow publicly trade companies in the U.S. to invest and hold medicinal or recreational cannabis cultivation, processing,…

Leave a Comment

Your email address will not be published.

Most from this category

%d bloggers like this: