For anyone who wondered why the somewhat unknown MedMen had such a prominent booth at this year’s Lift Expo, the answer is here. MedMen is now listed on the Canadian Securities Exchange.
MedMen is the largest U.S. cannabis company right now with more than 800 employees and 18 licensed facilities in California, Nevada and New York. It’s also one of the fastest growing companies in the cannabis space. The self-proclaimed “Starbucks of cannabis,” saw it’s West Hollywood store report a 480 percent revenue increase since recreational weed became legal in California at the top of this year.
Restrictions limit any prominent marijuana marketing campaigns but you may have heard their podcasts ads infiltrate your ears if you listen to either the “Adam Carolla Show” or “Doug Loves Movies,”.
According to a rep at the Lift Expo, one of the main aims of MedMen, besides selling high-quality marijuana in fancy-looking stores is to shatter stoner stereotypes.
Co-founder and CEO Adam Bierman said in a press statement, “By going public, MedMen gives investors a ground-floor opportunity to participate in the enormous and untapped potential of the fastest growing industry in the United States.”
“We are making marijuana mainstream by making it okay for soccer moms and middle-aged professionals to use cannabis products,” said MedMen Co-founder and President Andrew Modlin.
MedMen officially began trading on the Canadian Securities Exchange today (May 29th) under the ticker symbol: MMEN.