MedMen Sees Revenue Decline 40% In Q4, Looks Forward To 2021

MedMen Enterprises Inc. (CSE: MMEN) (OTCQX: MMNFFannounced a net revenue decline of 40% to $27.4 million in the fourth quarter.

The Los Angeles cannabis retailer blamed the revenue drop on the current health crisis stemming from the coronavirus pandemic.

In May, MedMen temporarily shut down five of its eight Florida-based stores due to the financial setbacks.

In addition, it estimates to achieve an increase of 37% in revenue over the first quarter of 2021.

“We made significant progress during the fourth quarter by …

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