MedMen Enterprises Inc. reported earnings results for the third quarter and nine months ended March 25, 2023. For the third quarter, the company reported sales was USD 27.22 million compared to USD 35.25 million a year ago. Net loss was USD 31.49 million compared to USD 29.75 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 0.02 compared to USD 0.02 a year ago.
For the nine months, sales was USD 86.81 million compared to USD 107.5 million a year ago. Net loss was USD 43.71 million compared to USD 104.1 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to USD 0.07 a year ago.