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In a reverse takeover to go public on Vancouver’s Canadian Securities Exchange, Los Angeles-based cannabis producer MedMen has been valued at $2.14 billion. 

The company, which has 800 employees and 18 Licensed marijuana facilities in California, Nevada, and New York, has raised an astounding $143 million in a private subscription. 

The company is the latest American player to come north to trade its shares to the public. Due to the continuing federal ban on cannabis players, companies find it very difficult or even impossible to trade publicly in the United States, and as a result, aim to go for the cannabis-friendly CSE. 

Source: https://business.financialpost.com/cannabis/u-s-cannabis-firm-medmen-goes-public-in-canada-with-2-billion-plus-valuation


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