MEDMEN ENTERPRISES INC.: 10-Q filed 2021-05-12

Name: MEDMEN ENTERPRISES INC.: 10-Q filed 2021-05-12
Creator: MEDMEN ENTERPRISES INC.

What MEDMEN ENTERPRISES INC. reported in its quarterly report filed 2021-05-12 (fiscal Q3 2021): 40 published measures, 111 facts as tagged in accession 0001829126-21-003765.

This filing

Form: 10-Q (quarterly report)
Filed: 2021-05-12
Fiscal period: fiscal Q3 2021
Accession: 0001829126-21-003765 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All MEDMEN ENTERPRISES INC. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2021-03-27	487,330,788	USD
At 2020-06-27	574,263,604	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2021-03-27	709,711,298	USD
At 2020-06-27	751,152,054	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit	Days
At 2021-03-27	213,118,052	USD
At 2020-06-27	159,889,247	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit
At 2021-03-27	21,313,672	USD
At 2020-06-27	9,418,501	USD
At 2020-03-28	31,747,251	USD
At 2019-06-28	32,172,302	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2020-12-27 to 2021-03-27	-9,730,812	USD	91
2020-06-28 to 2021-03-27	-111,439,154	USD	273
2019-12-30 to 2020-03-28	-52,659,511	USD	90
2019-06-29 to 2020-03-28	-208,706,010	USD	274

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2020-06-28 to 2021-03-27	-43,666,124	USD	273
2019-06-29 to 2020-03-28	-92,699,247	USD	274

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2020-06-28 to 2021-03-27	3,451,958	USD	273
2019-06-29 to 2020-03-28	44,829,009	USD	274

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

Period	Value	Unit	Days
2020-12-27 to 2021-03-27	32,028,679	USD	91
2020-06-28 to 2021-03-27	96,390,475	USD	273
2019-12-30 to 2020-03-28	44,064,955	USD	90
2019-06-29 to 2020-03-28	123,391,681	USD	274

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2020-06-28 to 2021-03-27	40,633,097	USD	273
2019-06-29 to 2020-03-28	105,542,883	USD	274

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2020-06-28 to 2021-03-27	14,928,198	USD	273
2019-06-29 to 2020-03-28	-13,268,687	USD	274

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2021-03-27	-679,595,695	USD
At 2020-06-27	-631,365,866	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2020-12-27 to 2021-03-27	541,029,620	shares	91
2020-06-28 to 2021-03-27	482,213,951	shares	273
2019-12-30 to 2020-03-28	315,384,911	shares	90
2019-06-29 to 2020-03-28	65,930,969	shares	274

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2020-12-27 to 2021-03-27	-32,207,910	USD	91
2020-06-28 to 2021-03-27	2,101,121	USD	273
2019-12-30 to 2020-03-28	-13,836,022	USD	90
2019-06-29 to 2020-03-28	-47,088,266	USD	274

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2021-03-27	134,176,989	USD
At 2020-06-27	163,623,095	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2020-06-28 to 2021-03-27	4,164,466	USD	273
2019-06-29 to 2020-03-28	10,845,503	USD	274

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2020-12-27 to 2021-03-27	-26,828,339	USD	91
2020-06-28 to 2021-03-27	-47,260,963	USD	273
2019-12-30 to 2020-03-28	-40,657,661	USD	90
2019-06-29 to 2020-03-28	-153,996,032	USD	274

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2021-03-27	117,414,711	USD
At 2020-06-27	84,043,732	USD

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2021-03-27	282,684,143	USD
At 2020-06-27	189,214,893	USD

Goodwill carrying amount

Recognized goodwill remaining after accumulated impairment. It arises from business combinations and does not measure the current value of the company’s brand.

Period	Value	Unit	Days
At 2021-03-27	32,900,458	USD
At 2020-06-27	32,900,458	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2020-12-27 to 2021-03-27	40,149,844	USD	91
2020-06-28 to 2021-03-27	92,984,611	USD	273
2019-12-30 to 2020-03-28	54,293,553	USD	90
2019-06-29 to 2020-03-28	198,811,967	USD	274

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

Period	Value	Unit	Days
At 2021-03-27	17,047,620	USD
At 2020-06-27	18,976,978	USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

Period	Value	Unit	Days
2020-12-27 to 2021-03-27	13,321,505	USD	91
2020-06-28 to 2021-03-27	45,723,648	USD	273
2019-12-30 to 2020-03-28	13,635,892	USD	90
2019-06-29 to 2020-03-28	44,815,935	USD	274

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

Period	Value	Unit	Days
2020-12-27 to 2021-03-27	18,707,174	USD	91
2020-06-28 to 2021-03-27	50,666,827	USD	273
2019-12-30 to 2020-03-28	30,429,063	USD	90
2019-06-29 to 2020-03-28	78,575,746	USD	274

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit
At 2021-03-27	892,713,747	USD
At 2020-09-16	405,480	USD
At 2020-06-27	791,172,613	USD

Total equity including noncontrolling interests

Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.

Period	Value	Unit
At 2021-03-27	-222,380,510	USD
At 2020-06-27	-176,888,450	USD
At 2020-03-28	149,647,291	USD
At 2019-06-28	211,270,776	USD

Operating lease right-of-use asset

Carrying amount of the right to use leased assets under operating leases. It reflects discounted remaining payments, not the value of the underlying property.

Period	Value	Unit	Days
At 2021-03-27	74,873,584	USD
At 2020-06-27	95,262,366	USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

Period	Value	Unit	Days
At 2021-03-27	173,216,406	USD
At 2020-06-27	194,107,960	USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

Period	Value	Unit	Days
At 2021-03-27	42,690,375	USD
At 2020-06-27	30,457,820	USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

Period	Value	Unit	Days
At 2021-03-27	115,334,085	USD
At 2020-06-27	136,405,145	USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

Period	Value	Unit	Days
At 2021-03-27	12,630,961	USD
At 2020-06-27	15,800,257	USD

Other noncurrent liabilities

Noncurrent liabilities the filer does not present separately. The composition differs by filer and is described only in the filing.

Period	Value	Unit	Days
At 2021-03-27	3,790,561	USD
At 2020-06-27	4,215,533	USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

Period	Value	Unit	Days
2020-12-27 to 2021-03-27	-49,548,705	USD	91
2020-06-28 to 2021-03-27	-103,314,604	USD	273
2019-12-30 to 2020-03-28	-60,651,820	USD	90
2019-06-29 to 2020-03-28	-196,997,174	USD	274

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

Period	Value	Unit	Days
2020-12-27 to 2021-03-27	28,939,691	USD	91
2020-06-28 to 2021-03-27	89,686,896	USD	273
2019-12-30 to 2020-03-28	42,957,935	USD	90
2019-06-29 to 2020-03-28	150,774,000	USD	274

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2020-12-27 to 2021-03-27	7,950,490	USD	91
2020-06-28 to 2021-03-27	24,837,550	USD	273
2019-12-30 to 2020-03-28	7,476,622	USD	90
2019-06-29 to 2020-03-28	22,351,909	USD	274

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

Period	Value	Unit	Days
2020-06-28 to 2021-03-27	25,221,168	USD	273
2019-06-29 to 2020-03-28	24,438,013	USD	274

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

Period	Value	Unit	Days
2020-12-27 to 2021-03-27	22,720,366	USD	91
2020-06-28 to 2021-03-27	56,053,641	USD	273
2019-12-30 to 2020-03-28	19,994,159	USD	90
2019-06-29 to 2020-03-28	43,001,142	USD	274

Current income tax expense or benefit

Income tax expense or benefit for the period that is currently payable or refundable. It differs from cash taxes paid and from total tax expense.

Period	Value	Unit	Days
2020-12-27 to 2021-03-27	32,207,910	USD	91
2020-06-28 to 2021-03-27	-2,101,121	USD	273
2019-12-30 to 2020-03-28	13,836,022	USD	90
2019-06-29 to 2020-03-28	47,088,266	USD	274

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

Period	Value	Unit	Days
2020-06-28 to 2021-03-27	7,398,733	USD	273
2019-06-29 to 2020-03-28	19,400,295	USD	274

Operating lease payments

Cash paid for operating lease liabilities during the period. It differs from lease expense recognized and excludes variable payments in some presentations.

Period	Value	Unit	Days
2020-06-28 to 2021-03-27	15,611,252	USD	273
2019-06-29 to 2020-03-28	16,892,734	USD	274

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

Period	Value	Unit	Days
2020-06-28 to 2021-03-27	-1,929,358	USD	273
2019-06-29 to 2020-03-28	-5,002,584	USD	274

Inspect the source

Entity: MEDMEN ENTERPRISES INC. / CIK 0001776932
Captured: 2026-09-22 19:55 UTC
SEC response SHA-256: 777a7a6dee29f15ece0f190f0e8b03fe44f647172fc491bbf10158f1a47ccf2b

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

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import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001776932.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
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