MedMen Announces Layoffs and Overall Plan to Achieve Positive EBITDA

LOS ANGELES–(BUSINESS WIRE[1])–MedMen Enterprises Inc. (CSE: MMEN) (OTCQX: MMNFF) (“MedMen” or the “Company”), a leading cannabis retailer with operations across the U.S., today announced a strategic plan (the “Plan”) to achieve its target of positive EBITDA by the end of calendar year 2020. The 90-day plan will focus on five key objectives: 1) focusing on core markets, while divesting non-core...

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MedMen Announces Termination of Merger Agreement With PharmaCann and Management Changes

LOS ANGELES–(BUSINESS WIRE[1])–MedMen Enterprises Inc. (CSE: MMEN) (OTCQX: MMNFF) (“MedMen” or the “Company”), a leading cannabis retailer with operations across the U.S., today announced the mutual agreement to terminate the Business Combination Agreement dated December 23, 2018, pursuant to which MedMen was to acquire PharmaCann, LLC (“PharmaCann”) in an all-stock transaction (“Transaction”). In light of market developments over the past...

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Vungle Inc. Co-Founder Zain Jaffer Files Wrongful Termination Lawsuit Against Company

Zain Jaffer Files Wrongful Termination Lawsuit Against Vungle Inc. (Photo: Business Wire) Zain Jaffer Files Wrongful Termination Lawsuit Against Vungle Inc. (Photo: Business Wire) SAN FRANCISCO–(BUSINESS WIRE)–Mar 12, 2019–Zain Jaffer, co-founder and former Chief Executive Officer of mobile advertising company Vungle Inc., filed a wrongful termination lawsuit today against the Company for firing him in violation of California labor laws....

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We translated GM’s “staffing transformation” press release into plain English

In a jargon-filled pressed release[1], General Motors today (Nov. 26) announced it is laying off 15% of its salaried workers and unallocating—err, closing—five plants in the US and Canada. As CNN puts it, the automaker “is reinvesting money away from cars that once dominated America’s roadways and putting it into technology it believes will power its future.” Or, as GM...

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