MedMen Shares Are Falling Again: Is the Stock Cheap Enough to Buy?

MedMen Enterprises (OTC: MMNFF) has been on a colossal decline, even by pot-stock standards. In just 12 months, MedMen has seen 80% of its valuation wiped from its books.

It's been a big fall for the multi-state cannabis retailer which has been made popular by its open-store layouts, creating experiences similar to what Apple consumers have come to expect at its stores. And with 70 retail licenses and 29 locations already up and running, including in California, Arizona, and several other states, it has become one of the better-known cannabis companies in the country.

Unfortunately, the company has been plagued with problems and the stock is now trading well below its book value and at a new 52-week low. Investors may be wondering if the stock is at a bargain at these levels. Let's take a closer look to see if that's really the case.

Source Fool.com