MedMen Fenway
Publicly traded hashish firm MedMen has had a turbulent 12 months, having needed to take care of administration shakeups, the ousting of its co-founders and lawsuits. And, though the inventory continues to be up about 16% year-to-date, it has fallen significantly from the $1.29 per share worth it reached in February – it’s now below $0.20.
However some excellent news might give the corporate a a lot wanted enhance within the capital markets: In response to info procured solely, MedMen might be opening its latest retailer in Boston’s famed Fenway Park space.
MedMen Fenway
The 4,725 square-feet MedMen Fenway dispensary might be situated on 120 Brookline Avenue and opens this Wednesday. That is the corporate’s first entry into Massachusetts’ booming adult-use market.
“As we proceed to execute towards our aggressive development plans as MedMen 2.0, we’re excited to announce the opening of our latest location within the very coronary heart and soul of Boston,” stated Michael Serruya, interim CEO, MedMen. “We stay up for changing into a contributing member of the colourful Fenway Park neighborhood and to serving the Higher Boston space with best-in-class hashish merchandise and distinctive customer support.”
The Good Stuff
MedMen Fenway will carry a full stock of vaporizers, concentrates, pre-rolls, topicals and flower merchandise, not solely from MedMen Crimson but in addition from different firms like Cresco Labs.
“MedMen has been a trusted associate to us from the inception of our program,” stated Ryan Dominquez, government director of MASS CultivatED. “We’re excited with their Fenway retailer opening, and stay up for our continued partnership to put these affected by the Conflict on Medicine into new careers and to work collectively to make the Massachusetts hashish market much more inclusive and equitable.”
MASS CultivatED is an modern public-private enveador that gives fellows with a sturdy co-operative training program within the hashish trade, free authorized providers, workforce preparedness coaching and hashish “externships” with livable wages and advantages. MedMen is a founding member of the group.