Tha Cat Is Out Of The Bag At Medmen

MJ Biz report…Vertically integrated marijuana company MedMen, one of the most high-profile cannabis retailers in the U.S., announced more layoffs on Wednesday.

“This week, the company provided layoff notices to an additional 20% of its corporate-level employees,” MedMen said in a news release.

MedMen-Strengthens-Balance-Sheet-Provides-Updated-Guidance-and-Enhances-Corporate-Governance-2019

“In total, over the past 30 days, the company has strategically reduced its corporate headcount by over 40%, representing approximately $20 million in annual salary-related savings.”

Multistate cannabis operator MedMen reveals another round of layoffs

 

 

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