The plan will defer approximately US$32 million in cash commitments
Both co-founders have also stepped down from the board of directors
Los Angeles, West Hollywood and Beverly Hills stores “were heavily damaged"
California licensed entities have been hit particularly hard during the rioting
"We’re optimistic about our ability to recapture traffic"
The company reported gross margins across retail operations of 51%
The move comes after severe setbacks and stock losses
Adam Bierman the CEO of MedMen sits down to discuss the issues
An additional 20% of it's corporate-level workforce has been given layoff notices
MedMen is the latest in the line of California based companies doing layoffs