L.A.-based retailer MedMen.
This week the company cut costs days after it received an $80M credit line.
Marijuana Business Daily, L.A. Business Journal
- For the second consecutive quarter, Med Men’s sales rose and its losses scaled back. The Los Angeles company reported revenue of $36.6 million and a net loss of $63.1 million for the third quarter.
- CEO Adam Bierman and President Andrew Modlin cut their salaries to $50,000.
- The multi-state operator is embroiled in three separate lawsuits.
