MedMen Co-Founder Resigns As CEO Amid Cash Concerns

By Diana Novak Jones (January 31, 2020, 9:52 PM EST) -- MedMen CEO Adam Bierman has resigned from the cannabis company he co-founded, the latest sign of trouble for the company after its shares lost nearly 90% of their value and leadership confirmed it was struggling to pay its bills.

MedMen announced Bierman's resignation, effective Saturday, about a week after he told cannabis news outlet Green Market Report that MedMen was stopping payments to some of its vendors as it goes through a "restructuring."

MedMen's Chief Operating Officer and Chief Technology Officer Ryan Lissack is taking over as interim CEO while the company searches for a new leader, MedMen said. Bierman will...

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