MedMen Scraps Its PharmaCann Acquisition: Disaster or No Big Deal?
One of the higher-profile cannabis companies in the U.S. is MedMen Enterprises (OTC: MMNFF). MedMen is definitely the most "Hollywood" of U.S. cannabis operators, as the company has spent big on branding and advertising in its home city of Los Angeles -- even hiring a famous Hollywood director to make a promotional commercial for the company this February.
However, there's danger in investing in companies based in Hollywood, especially highly promotional ones. That's true of both the entertainment world as well as the cannabis space. When someone talks a big game, investors need to make sure it's backed up by fundamentals.
Last Tuesday, MedMen had two incidents heaped on top of each other that once again reminded investors of the big dangers lurking in the cannabis space in general, and MedMen specifically.
Source Fool.com
