MedMen’s $1.6 Billion Dollar Valuation and Eventual Listing on Canadian Securities Exchange
MedMen is on the path to being the most valuable cannabis company that is publicly traded. However, the company isn’t publicly trading yet and is opting to not perform a traditional initial public offering (IPO). Instead, the company plans to purchase and takeover an already existing public shell company.
MedMen plans to sell about $100 million in new shares when they begin publicly trading on the Canadian Securities Exchange. This $100 million in shares would be a 6% stake of the company and is what brings their valuation number to $1.6 billion.
The company’s sales reports showed $6 million in total sales and a net loss of $31 million over the course of 18 months beginning from the middle of 2016 to the end of Q4 in 2017.
MedMen’s $1.6 Billion Dollar Valuation and Eventual Listing on Canadian Securities Exchange
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