This can come as no surprise to anyone….
(This story has been updated with comment from Off the Charts CEO Norman Yousif.)
A monthslong MJBizDaily investigation into the business practices of marijuana multistate operator MedMen Enterprises reveals a widespread pattern of not paying invoices, abruptly closing stores and terminating employees without warning.
According to internal communications obtained by MJBizDaily, regulatory filings and interviews with dozens of cannabis brands, industry vendors and former employees, MedMen frequently disregarded invoices, breached contracts and ignored exhaustive attempts to resolve outstanding balances.
Some of MedMen’s top executives, including former CEO Ellen Deutsch Harrison and acting Chief Financial Officer Amit Pandey, were included in online exchanges with brands and contractors seeking restitution for their unpaid invoices for months, according to emails obtained by MJBizDaily.
One California distributor that’s owed tens of thousands of dollars is planning to file a lawsuit against the Los Angeles-based company, MJBizDaily has learned.
Other contractors – some owed upward of five figures – are contemplating legal action against MedMen as well, sources told MJBizDaily.
The developments coincide with the recent closures of three MedMen stores in California, ongoing layoffs and a management shake-up.
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