Embattled multistate operator MedMen Enterprises (CSE: MMEN) (OTCQX: MMNFF) appears to be on its last legs, with the company reportedly having shuttered all but two of its remaining dispensaries in its home state of California on Thursday.
Although no one connected with MedMen’s corporate headquarters could be reached for comment, the chain had a small fire sale to unload product this past week prior to closing down, according to a former staffer at the company’s shop on Abbott Kinney Blvd. in Los Angeles.
Former MedMen hospitality associate Jay Johnson, who worked at the Abbott Kinney location for roughly six years until he was laid off in February, said he learned of the closures on Thursday morning from a former colleague.
“The ops manager … he’s the one who texted me yesterday morning to say that they were going to close all of the California stores at the end of the day yesterday,” Johnson told Green Market Report.
Johnson said that he heard through the grapevine, however, that MedMen locations at Los Angeles International Airport (LAX) and in the Torrey Pines neighborhood of San Diego would remain open. Budtenders at those MedMen shops answered the phone Friday and confirmed the two stores