Weed retailer MedMen losses double amid restructuring efforts
Cannabis retailer MedMen Enterprises Inc. reported a widening net loss Wednesday as the company reigns in its costs and restructures the business, selling off assets outside of California, its largest market. MedMen stock was halted near the end of the regular trading session. The embattled weed company logged a fiscal second-quarter net loss attributable to shareholders that doubled to $40.6 million, which amounts to 9 cents a share, versus a loss of $18.7 million, or 23 cents a share in the year-ago quarter. Читать дальше...