Binance Isn’t Allowed to be Operating in the UK, Watchdog Warns Yahoo Finance
Click here for full article...finance.yahoo.com
MedMen Enterprises Inc. ("MedMen” or the "Company”) (CSE: MMEN) (OTCQX: MMNFF), a leading cannabis retailer with operations across the U.S., today announced corporate updates related to retail licenses in California and Massachusetts. The Company currently has 25 retail stores that are in operation across California, Nevada, Illinois, Florida, New York and Arizona.
West Hollywood: On August 3, 2020, the City Council of West Hollywood ("City Council”) adopted an urgency ordinance to create a new "Legacy Cannabis Business License” which will permanently allow for both medical and adult-use sales of cannabis by MedMen West Hollywood and the three other pre-existing medical operators, bringing the collaborative efforts between the City of West Hollywood and other related parties to a final resolution. The Company had previously announced on October 28, 2019 that the City Council passed an ordinance to extend the Company’s temporary recreational license until January 1, 2021.
Boston: On August 6, 2020, the Massachusetts Cannabis Control Commission voted in favor of granting MedMen Boston, LLC, a subsidiary of the Company, a provisional adult-used license for its proposed flagship retail location near Fenway Park. A final license for this location is subject to meeting various conditions prior to opening, which is expected to occur in 2021.
"The positive licensing developments in West Hollywood and Boston are a result of the Company’s commitment to meaningful engagement with local regulators and the communities we are privileged to serve,” said MedMen Executive Chairman Ben Rose. "We continue forward momentum as we execute on our turnaround plan, strengthen our retail footprint and improve four-wall economics. Through our focus on retail, we have made significant progress in optimizing our business model and improving our presence as partners and neighbors in our locations as we expand the MedMen brand in existing and new markets across the U.S.”
MedMen is North America’s leading cannabis retailer with flagship locations in Los Angeles, Las Vegas, Chicago, and New York. MedMen offers a robust selection of high-quality products, including MedMen-owned brands [statemade], LuxLyte, and MedMen Red through its premium retail stores, proprietary delivery service, as well as curbside and in-store pick up. MedMen Buds, an industry-first loyalty program, provides exclusive access to promotions, product drops and content. MedMen believes that a world where cannabis is legal and regulated is safer, healthier and happier. Learn more about MedMen and The MedMen Foundation at www.medmen.com
SOURCE: MedMen Enterprises
View source version on businesswire.com: https://www.businesswire.com/news/home/20200827005696/en/
(RTTNews) - The Thai stock market has finished lower in four straight sessions, sliding more than 30 points or 2 percent along the way. The Stock Exchange of Thailand now rests just beneath the 1,560-point plateau although it's expected to stop the bleeding on Tuesday.
The global forecast for the Asian markets is mostly positive on optimism for earnings - especially tech shares - although coronavirus concerns in India may cap the upside. The European markets were up and the U.S. bourses were mixed and the Asian markets figure to follow suit.
The SET finished modestly higher on Monday following gains from the energy producers and a mixed picture from the financial sector.
For the day, the index rose 5.94 points or 0.38 percent to finish at 1,559.53 after trading between 1,544.10 and 1,561.52. Volume was 32.812 billion shares worth 83.672 billion baht. There were 1,0001 decliners and 636 gainers, with 425 stocks finishing unchanged.
Among the actives, Advanced Info dropped 0.86 percent, while Thailand Airport advanced 0.79 percent, Asset World tanked 2.99 percent, Bangkok Asset Management shed 0.49 percent, Bangkok Bank lost 0.41 percent, Bangkok Dusit Medical jumped 1.83 percent, Bangkok Expressway sank 0.62 percent, BTS Group skidded 1.11 percent, Charoen Pokphand Foods retreated 0.86 percent, Kasikornbank slid 0.38 percent, PTT Oil & Retail declined 1.67 percent, PTT Exploration and Production climbed 0.88 percent, PTT Global Chemical surged 3.24 percent, SCG Packaging added 0.51 percent, Siam Commercial Bank surrendered 0.96 percent, Siam Concrete spiked 1.40 percent, TMB Bank collected 0.86 percent and PTT, Gulf and Krung Thai Bank were unchanged.
The lead from Wall Street is mixed to higher as the major averages opened in the green on Monday although the Dow was unable to hold its gains at the end of the day.
The Dow slipped 61.92 points or 0.18 percent to finish at 33,981.57, while the NASDAQ jumped 121.97 points or 0.87 percent to end at 14,138.78 and the S&P 500 rose 7.45 points or 0.18 percent to close at 4,187.62.
Tech stocks led the markets higher amid optimism ahead of the release of quarterly results from a number of big-name companies later this week.
Buying interest was subdued, however, as traders looked ahead to the Federal Reserve's monetary policy announcement on Wednesday. The Fed is widely expected to maintain its ultra-easy monetary policy, but traders will be paying close attention to any changes to the accompanying statement that may signal a shift in the near future.
In economic news, the Commerce Department said new orders for U.S. manufactured durable goods increased by less than expected in March.
Crude oil prices drifted lower on Monday amid continues worries about the outlook for energy demand due to rising coronavirus cases in India. West Texas Intermediate Crude oil futures for June ended lower by $0.23 or 0.4 percent at $61.91 a barrel.