Medmen Enterprises (MMNFF) (MMEN) Stock Resumes Rally: Up 40% in a Week

Medmen Enterprises Inc (OTC: MMNFF) stock continues to gain momentum on Tuesday, extending its week-long rally. At the time of writing, MMNFF stock is up by 15.50% at $0.36, extending its weekly gains to about 40%.

Medmen Enterprises (MMNFF) (MMEN) Stock Resumes Rally: Up 40% in a Week

Yesterday, the company announced the cancellation of warrants to acquire 97,785,140 Class B Subordinate Voting Shares of the Company following two consecutive quarters of positive retail cash flow for the periods ended September 26, 2020, and December 26, 2020.

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As a penny stock, MedMen stock was in focus in early February when the stock went up 650% in a matter of 10 sessions r after Democrats won back the U.S. Senate by the narrowest of margins.

However, since then the stock had fallen back to its pre-rally level earlier this month. Nevertheless, MedMen stock is still up 150% so far this year.

Keep an eye on MedMen stock as the momentum seems to have picked up well recently.

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Richard McEntire

Finance and Entertainment Reporter Richard is a bottle of wine - the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.