MedMen’s spectacular collapse is complete: Just five years after earning a whopping $3 billion valuation, the one-time legal cannabis darling has declared bankruptcy
“MedMen has been ‘DeadMen’ to most investors for a long time,” one industry analyst told Fortune.
Six years after an IPO that saw its valuation peak at over $3 billion, cannabis retailer MedMen is worth next to nothing. Its bankruptcy petition, filed in California court late on Friday, is the nai…