Cannabis company MedMen files for bankruptcy with about $411M in liabilities as its fortunes go up in smoke Image Cannabis News April 29, 2024 Once hailed as the unicorn of pot, MedMen files bankruptcy in Canada with plans to liquidate any assets. Cannabis retailer MedMen is going up in smoke via bankruptcy court. Former high-flying cannabis company MedMen Enterprises Inc. filed for bankruptcy protection late Friday with about C$561.5 Marijuana Business News Market Watch