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Ascend must be kicking themselves. Had they held Medmen deal just 24 hours later they would be part of the New York upswing that’s just about commence, now.
NY is going to be a huge market Medmen got so lucky getting that market back and then a day later... NY state moves forward with their adult rec initiative.
Ascend got schooled by Gov Hochul it looks like. they leave Ny deal. The next day the Govenor passes adult businesses roll out.
Medmen is a big winner. Truly a jaw dropper what transpired in NY completely in favor of Medmen.
Ascend thought they were being clever. Then the next day they literally missed out on Ny adult program. Hahaha
Medmen everywhere !!!!!!
“We are considering all options to ensure strong shareholder return; this includes the potential sale of assets and/or licensing of the MedMen trademark,” Record added.
Medmen will become the McDonald’s of the weed industry.
They have a diverse board and will be the market solution for equality thru franchising.
I’m fact the community will look towards Medmen as the industry standard in broad market appeal.
Medmen is the future of that model.
It’s like buying McDonald’s at pennies.
One day a diverse set of hard working Americans will franchise the Medmen stores. Be supplied product etc.
Medmen everywhere
We have been engaged in negotiations with MedMen for 17 months and because of the state of MedMen's assets, it is time for all of us to move on. Because we will not be moving forward with the MedMen transaction, we have $70 million of unencumbered cash at a time when cash is deal.
Avg. Volume 1,835,845
1:56 pm. Looking good so far ... Buy !!!