California-based MedMen Enterprises, a once-thriving multistate marijuana retailer, released a “grim” quarterly financial report that detailed a whopping $96.4 million net loss in its fiscal 2020 second quarter. Writes MJ Biz.

That loss was 49.3% greater than the $64.6 million loss the company reported during the same period in 2018. Its most recent quarter ended Dec. 28, 2019.

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Multistate cannabis operator MedMen reports $96 million loss

THE REPORT

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