MedMen Crisis Deepens: Leadership Shakeup as Stock Crashes to Zero
<p><strong>LOS ANGELES</strong> — MedMen Enterprises Inc., once considered a cannabis unicorn, may be facing the legendary creature’s fate after a dramatic plunge in valuation and the sudden exit of more key executives.</p>
<p>Chief Executive Officer Ellen Deutsch Harrison stepped down January 19 after less than seven months in the role. Hot on her heels, Executive Chairman Michael Serruya, <a href="https://mgmagazine.com/press-releases/medmen-announces-backstopped-us100m-equity-investment-led-by-serruya-private-equity-to-fund-expansion-and-transform-balance-sheet/" rel="noopener ugc nofollow" target="_blank">whose private equity fund invested $100 million</a> in MedMen in 2021, departed January 24. Their exits mark the latest in a series of rapid changes in the company’s executive suite since 2020.</p>
<p><a href="https://medium.com/mg-magazine/medmen-crisis-deepens-leadership-shakeup-as-stock-crashes-to-zero-2ad50d751e69"><strong>Read More</strong></a></p>