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MedMen uplists to the OTCQX Best Market

The cannabis company hopes the uplisting increases its investor base as it continues expanding

MedMen store
MedMen operates a total of 14 retail stores in California, Nevada and New York

MedMen Enterprises Inc  (CSE:MMEN; OTCQX:MMNFF) just received an upgrade, set to list its shares on the OTCQX Best Market.

The cannabis company will begin trading on the new market Wednesday under the ticker symbol “MMNFF.”

CEO Adam Bierman is hopeful that the uplisting will expand the company’s investor base and be a source of capital as MedMen continues to grow.

READ: MedMen takes strategic stake in California cannabis flower brand Old Pal

“This is also reflective of the enormous progress we have made as an industry. U.S. cannabis companies are here to stay and we are creating jobs and wealth for generations to come,” said Bierman in the company’s press release.

MedMen operates a total of 14 retail stores in California, Nevada and New York as well as cultivation and production facilities.

The company has been acquiring cannabis companies left and right, recently signed a letter of intent to acquire medical cannabis company PharmaCann in a US$682 million deal.

Shares of MedMen closed down 4% to US$5.46 by Tuesday’s closing bell and was flat in Wednesday pre-market trading.

 

Contact Lenore Fedow at [email protected]

Follow her on Twitter@LenoreMariee

Quick facts: MedMen Enterprises Inc

Price: 0.52 CAD

CSE:MMEN
Market: CSE
Market Cap: $109.07 m
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