Opinions
James Telfser
Medmen Enterprises Inc
MMEN-CSE
DON'T BUY
Jan 22, 2020
They have massive expense lines with lots of debts, and their financials are opaque. This is not safe. He'd be very cautious. You must look at the fundamentals of any cannabis stock.
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Stock price when the opinion was issued
agriculture
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COMMENT
This company has operations in California, Nevada and New York. They recently announced the acquisition of a Florida license. They call themselves the Apple stores of cannabis (fancy stores). This is the first billion-dollar US company to be listed. There have been several catalysts recently in the United States. For example New York state’s Department of Health recommended that anyone with an opioid addiction be allowed to access cannabis as an alternative, and generally recommended legalization of recreational cannabis. The opioid crisis affects 4% of the US population, so this presents a large opportunity for cannabis sellers.
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