Cannabis Operator MedMedn’s Co-Founder Bierman Steps Down as CEO, Surrenders Super-voting Control

Cannabis Operator MedMedn’s Co-Founder Bierman Steps Down as CEO, Surrenders Super-voting Control

Adam Bierman, the co-founder of the once achieving-great-heights cannabis retailers MedMen Enterprises has surrendered his voting control and resigned as chief executive.  The resignation, effective from Feb.1, has come following the trembling financial health of the Los-Angeles based company that has laid off hundreds of employees over the past few months and sold their noncore assets.  In such times of worrisome turn of events for the enterprise and as a sign of a possible cash burn/crunch, the company has asked its vendors to take equity payments. On Friday, in a news release, the co-founder of MedMen, Andrew Modlin also agreed…

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Source : Cannabis Radar
Link to original : Cannabis Operator MedMedn’s Co-Founder Bierman Steps Down as CEO, Surrenders Super-voting Control
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