Now bankrupt, MedMen owes millions to other companies. Meet the cannabis CEO who called them out

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Meet the cannabis CEO who called out MedMen for unpaid invoices as it was spiraling toward bankruptcy in a collapse that further upended a troubled industry.

For a long time, Olivia Alexander defended MedMen. Despite the pushback she got for partnering with the cannabis chain that some worried would box out smaller brands, Alexander — who founded Kush Queen, which sells cannabis-infused bath bombs and personal lubricant — valued the retailer's dedication to stocking shelves with products from small, women-owned lines. “Even though they’re a big company, they support small brands,” she recalled telling people. “They’re good for our industry.

Everyone says they're going under any minute now.' This was the summer of 2023. But I really thought what everyone else thought, which was that they were too big to fail. So I fought with my distribution partner to deliver these orders and then, of course, they stopped paying. I went on LinkedIn and wrote the post. And I was inundated — and this is the part that breaks my heart — with messages from tons of brands saying, 'Oh yeah, they owe me money.

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منبع: FoxNews - 🏆 9. / 87 ادامه مطلب »