Challenges include a high debt load, ongoing losses and a small cash cushion
MedMen wants Pasadena process stopped until the company is reinstated
MedMen also will make a range of other improvements
MedMen currently has 25 retail stores across 6 states
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%