Medmen Enterprises Inc (OTCMKTS:MMNFF)’s share price rose 1.8% during trading on Friday . The company traded as high as $0.18 and last traded at $0.17, approximately 977,663 shares traded hands during mid-day trading. A decline of 58% from the average daily volume of 2,341,442 shares. The stock had previously closed at $0.17.
Separately, Canaccord Genuity lowered Medmen Enterprises from a “hold” rating to a “sell” rating in a research note on Thursday, May 28th.
The company has a 50 day moving average price of $0.21 and a 200 day moving average price of $0.26.
MedMen Enterprises Inc, together with its subsidiaries, operates as a cannabis company in the United States. The company cultivates, produces, and distributes, and retails recreational and medicinal cannabis. As of November 1, 2018, it had licenses for 69 retail stores; and 17 cultivation and production facilities across 12 states.
Further Reading: What are the Different Types of Leveraged Buyouts?
Receive News & Ratings for Medmen Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Medmen Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.