MedMen Growth, Revenue, Number of Employees and Funding

Overview

Location:
Total Funding:$306M
Industry:Cannabis
Founded:2010
Lead Investor(s):Wicklow Capital
Press

City Ranking

Industry Ranking

State Ranking

Growjo 10k Ranking

Estimated Revenue & Financials

  • MedMen's estimated revenue is currently $86M per year.
  • MedMen received $250.0M in venture funding in March 2019.
  • MedMen's estimated revenue per employee is $102748
  • MedMen's total funding is $306M.

Employee Data

  • MedMen has 837 Employees.
  • MedMen grew their employee count by 21% last year.
  • MedMen currently has 156 job openings.

Executive Contacts

NameTitle
Alex BeggSenior Director Of Technology
Scott LloydVP of Talent Acquisition
David DancerChief Marketing Officer
Nicholas LevelsmierDirector of Analysis & Insights
John SchaeferVP, Field Operations
Geoff WhitehouseDirector Of Real Estate
Corey JacksonSr Director of Field Operations
Christopher ClarkeSr. Director, Digital Product Design
Michelle TurciosSr. Director, IT Project Management
John SeltzerChief Security Officer

What Is MedMen?

MedMen Enterprises is the United States' preeminent cannabis company with multiple assets and operations in California, Nevada and New York. Combined, these key strategic states account for nearly half of North America's addressable legal market. MedMen owns and operates licensed cannabis facilities in cultivation, manufacturing and retail, and is the most recognized cannabis brand in the world today. MedMen brings class leading operational expertise and unprecedented investment to the fast changing and fast-growing cannabis industry as it moves from its gray market legacy to a fully regulated, legitimate and commercially viable market. Based in Los Angeles, MedMen employs nearly 800 workers across the U.S. It was founded in 2010 by Adam Bierman and Andrew Modlin, two visionary entrepreneurs who saw not just a tremendous business opportunity in the growing legalization of marijuana, but a chance to re-define our society's relationship with cannabis. The federal prohibition has had a disastrous impact, overpopulating our prisons and enriching violent drug cartels while keeping a relatively benign substance with proven benefits out of the reach of law abiding citizens. MedMen supports sensible, clear and just drug laws that strengthen communities and create economic opportunities. The company is the single largest financial supporter of progressive marijuana laws at the local, state and federal levels, giving directly to pro-legalization groups, industry organizations and political candidates. For more information, visit http://www.medmen.com

keywords:N/A

837

Number of Employees

$86M

Revenue (est)

156

Current Jobs

21%

Employee Growth %

$306M

Total Funding

$1.5B

Valuation

N/A

Accelerator

N/A

Type

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MedMen News

12-Sep-19 - MedMen, Surterra put up $1 million to back adult-use ...

MedMen and Surterra each contributed $545,000 to a campaign to legalize recreational cannabis in Florida. The two cannabis companies are ...

12-Sep-19 - Cowen is bullish marijuana companies with CPG model, bearish on MedMen given retail reliance

Meanwhile, Azer started MedMen Enterprises Inc. MMNFF, -2.96% at underperform with a $1.50 price target. "[MedMen] is the clear leader in ...

12-Sep-19 - MedMen Announces Expiration of HSR Waiting Period for Proposed Acquisition of PharmaCann

MedMen Enterprises Inc. (MMEN.CN) (MMNFF) (“MedMen” or the “Company”), a leading cannabis retailer with operations across the U.S., ...

MedMen Funding

DateAmountRoundLead InvestorsReference
2016-04-20$15.0MUndisclosedCap-Meridian VenturesArticle
2017-01-18$30.0MUndisclosedWicklow CapitalArticle
2017-06-14$60.0MUndisclosedMultipleArticle
2018-10-02$73.7MUndisclosedArticle
2018-10-05$100.0MUndisclosedArticle
2019-03-25$250.0MUndisclosedGotham Green PartnersArticle

MedMen Executive Hires

DateNameTitleReference
2018-05-25Vahan AjamianManaging director of analyst relationsArticle
2018-07-18David Dancerchief marketing officerArticle
2018-09-04Benjamin RoseChairmanArticle
2018-10-10Ben CookCOOArticle
2018-10-17Clarence FosterSVP Human ResourcesArticle
2018-11-19Jim MillerInterim CFOArticle
2018-12-07Michael KramerCFOArticle

MedMen New Location/Offices

DateLocationReference
2018-04-13Las Vegas, NVArticle
2018-04-17Las Vegas, NVArticle

MedMen Acquisitions

DateCompany NameAmountNotesReference
2017-02-03Bloomfield industries incArticle
2018-12-26PharmaCann, LLCArticle