A must read interview by GMR before Bierman’s Reddit public Q&A Session tommorrow. Bierman says things like, “our relationship at this point with our lenders is solid.”
Green Market Report’s Editor-in-Chief Debra Borchardt spoke with MedMen CEO Adam Bierman regarding the word from vendors that payments have been delayed. This interview has been edited slightly.
Editor-in-Chief Debra Borchardt:
We’ve confirmed that the emails posted online from MedMen telling vendors that payments will be late are real. We’ve also confirmed that vendors had said they haven’t been paid.
MedMen CEO Adam Bierman:
Those emails are absolutely, real emails. We’ve never denied those emails. We’ve been very forthright with the public, and with our investment community at large about the fact that at the end of last year we entered into a restructuring in the business, exiting the hyper-growth stage of the business, and getting into sustainability, and with that, there’s a lot of pain. And that pain starts at the employees that were on this mission with us, building this platform with us that we had to part ways with. A lot of them are like family that has been with us for a very long time.
Read the full interview at GMR
Adam Bierman biography
Adam Bierman is Chief Executive Officer, Director of the Company. Mr. Bierman is an outspoken advocate of institutional practices, professional standards, and clear and reasonable regulations that will take the cannabis industry to its next, mainstream phase. He has been featured on several news outlets including CNBC, Bloomberg News, Forbes, CNN, Time Magazine, the Los Angeles Times, U.S. News & World Report, among others. Mr. Bierman and business partner Andrew Modlin started the primary businesses that were recapitalized into the business of the LLC in early 2018. The two visionary entrepreneurs saw not just a tremendous business opportunity in the growing legalization of marijuana, but a chance to re-define society’s relationship with cannabis. Mr. Bierman has studied at the University of Southern California and Brandeis University. He works full-time for the Company.