It appears that the ongoing riots throughout the USA have not been kind to a certain dispensary operator. Video emerged overnight of what appears to be multiple California based Medmen Enterprises (CSE: MMEN) dispensary locations being ransacked by looters amid the ongoing chaos.
One dispensary location appears to be the company’s West Hollywood location on Santa Monica Boulevard in Los Angeles based on reports found across Twitter, as well as commentary provided in multiple videos. One such video can be found below – apologies on the explicit commentary, options are currently limited.
A second video of a different Medmen dispensary being looted as also recently appeared, however details on the location are currently slim. Based on photo comparison, the dispensary is believed to be the Medmen dispensary located on South Broadway in Los Angeles, California, however that is not confirmed.
Unconfirmed reports have also surfaced that at least one of the dispensaries was set ablaze, however no video or photo evidence of this has emerged as of yet.
Medmen Enterprises last traded at $0.33 on the CSE.
Information for this briefing was found via Twitter and NBC Los Angeles. The author has no affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.