Everyone Still Wants In on Cannabis Stocks

Everyone Still Wants In on Cannabis Stocks

Once touted as the cannabis industry’s first real-life unicorn — nothing like the first unicorn, which turned out to be a colossal scam — nationwide dispensary chain MedMen appears to be in trouble. Rumors that the company was out of cash and unable to pay its vendors, swirling online for most of the past week, seemed to be confirmed Thursday by MarketWatch, who reported that MedMen was offering to pay its suppliers in stock, an unorthodox arrangement — one that signals significant cash-flow problems — confirmed by company brass. And like shares in other publicly traded cannabis companies — who, like MedMen, prefer to…

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Source : cannabis now
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