About MedMen
MedMen is a company based in Culver City (United States) founded in 2010 was acquired by Tilray in August 2021.. MedMen has raised $202.64 million across 19 funding rounds from investors including Tilray, AWH and Serruya Private Equity. MedMen has completed 9 acquisitions, including Bloomfield Industries, Buddys Cannabis and Level Up Dispensaries.
- Headquarter Culver City, United States
- Stage Public
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Sectors
Consumer
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$140.81 M6as on Jun 30, 2022
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Net Profit
$-210.89 M-34as on Jun 30, 2022
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EBITDA
$-144.87 M-403as on Jun 30, 2022
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Total Equity Funding
$202.64 M (USD)
in 19 rounds
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Latest Funding Round
$24 M (USD), Post-IPO
Aug 17, 2021
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Investors
Tilray
& 5 more
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Employee Count
Employee Count
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Investments & Acquisitions
Bloomfield Industries
& 8 more
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Acquired by
Tilray
(Aug 17, 2021)
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Funding Insights of MedMen
MedMen has successfully raised a total of $202.64M across 19 strategic funding rounds. The most recent funding activity was a Post-IPO round of $24 million completed in August 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 19
- Last Round Post-IPO — $24.0M
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First Round
First Round
(11 Nov 2014)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Post-IPO - MedMen | Valuation |
investors |
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| May, 2021 | Amount | Post-IPO - MedMen | Valuation |
investors |
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| Mar, 2021 | Amount | Post-IPO - MedMen | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in MedMen
MedMen has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Tilray, AWH and Serruya Private Equity. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investments in consumer brands are managed by Serruya Private Equity.
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Founded Year | Domain | Location | |
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Private equity investments are focused on global cannabis enterprises.
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Founded Year | Domain | Location | |
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Provider of bridge loans secured by real estate
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by MedMen
MedMen has strategically engaged in corporate development activities, having acquired 9 companies. Notable acquisitions include Bloomfield Industries, Buddys Cannabis and Level Up Dispensaries. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cannabis edibles and other products are retailed by SugarLeaf Trading.
|
2019 | ||||
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Industrial operations are conducted in Buffalo since 2015.
|
2015 | ||||
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Retailer of cannabis products, vinyl records, and music-themed entertainment
|
2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - MedMen
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Medmen Comparisons
Competitors of MedMen
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Medmen
Frequently Asked Questions about MedMen
When was MedMen founded?
MedMen was founded in 2010 and raised its 1st funding round 4 years after it was founded.
Where is MedMen located?
MedMen is headquartered in Culver City, United States. It is registered at Culver City, California, United States.
Is MedMen a funded company?
MedMen is a funded company, having raised a total of $202.64M across 19 funding rounds to date. The company's 1st funding round was a Post-IPO of $16.06M, raised on Nov 11, 2014.
What is the annual revenue of MedMen?
Annual revenue of MedMen is $140.81M as on Jun 30, 2022.
What does MedMen do?
MedMen was founded in 2010 and is based in Culver City, United States. Services are extended to licensed operations in cultivation, extraction, production, and retail within the marijuana industry. Full-service consulting is offered for dispensaries, cultivation facilities, and merit-based licensing applications. Operational efficiencies are optimized through targeted strategies, while long-term growth initiatives are implemented to support business development.
How many acquisitions has MedMen made?
MedMen has made 9 acquisitions, including Bloomfield Industries, Buddys Cannabis, and Level Up Dispensaries.
Who are MedMen's investors?
MedMen has 6 investors. Key investors include Tilray, AWH, Serruya Private Equity, Gotham Green Partners, and Hankey Capital.