Once Called The 'Apple Store Of Weed' And Valued At $1.7B, This Cannabis Company Has Declared Bankruptcy
Once Called The 'Apple Store Of Weed' And Valued At $1.7B, This Cannabis Company Has Declared Bankruptcy
MedMen Enterprises Inc. has thrown in the towel, citing financial conditions and an inability to pay its debts, said Amit Pandey, the cannabis company's former chief financial officer late Friday.
这家大麻公司前首席财务官阿米特·潘迪周五晚间表示，MedMen Enterprises Inc.以财务状况和无力偿还债务为由辞职。
Once hailed as the first cannabis unicorn and the "Apple store of weed," MedMen spiraled over the past several years as troubling financial reports began to leak. These were followed by retail shop closures, layoffs, lawsuits and recriminations among executives.
MedMen曾经被誉为第一家大麻独角兽和 “苹果大麻商店”，随着令人不安的财务报告开始泄露，在过去几年中呈螺旋式增长。随之而来的是零售商店关闭、裁员、诉讼和高管之间的指责。
"The difficult decision to shut down operations and commence the Bankruptcy Proceedings and Receivership Proceedings was made after careful consideration of the current financial condition of the Company and its subsidiaries, their inability to pay their liabilities as they become due and the anticipated enforcement actions of secured creditors," MedMen announced in a Friday press release.
MedMen在周五的新闻稿中宣布：“关闭业务并启动破产程序和破产管理程序的艰难决定是在仔细考虑了公司及其子公司当前的财务状况、它们无法偿还到期负债以及有担保债权人的预期执法行动之后做出的。”
"After careful consideration of these factors and in the absence of other available alternatives, the board of directors of the Company determined that it was in the best interests of the Company to proceed with the commencement of the Bankruptcy Proceedings and Receivership Proceedings."
“在仔细考虑了这些因素之后，在没有其他可用的替代方案的情况下，公司董事会确定启动破产程序和破产管理程序符合公司的最大利益。”
$3 Billion Valuation
30亿美元的估值
MedMen opened one of California's first retail cannabis stores in 2018 in West Hollywood after recreational cannabis laws went into effect. That same year, its stock was given a $3 billion valuation.
休闲大麻法生效后，MedMen于2018年在西好莱坞开设了加州首批零售大麻商店之一。同年，其股票估值为30亿美元。
Despite MedMen's early success, it faced numerous challenges in the form of legal battles, failed acquisitions, high losses and stiff competition from both the legal and illicit cannabis markets.
尽管MedMen在早期取得了成功，但它面临着许多挑战，包括法律斗争、收购失败、高额亏损以及来自合法和非法大麻市场的激烈竞争。
Pandey resigned effective Feb. 13, along with each of the company's directors who resigned immediately prior to the commencement of the bankruptcy proceedings.
潘迪辞职，自2月13日起生效，公司的每位董事都在破产程序开始前不久辞职。
More information regarding the bankruptcy proceedings can be obtained from the bankruptcy trustee's website.
有关破产程序的更多信息可以从破产受托人的网站上获得。
Photo: Courtesy of MedMen Enterprises Inc.
照片：由 MedMen Enterprises Inc. 提供
译文内容由第三方软件翻译。