Los Angeles-based marijuana multistate operator MedMen Enterprises has seen another shakeup in its executive suite, with Chief Executive Officer Ellen Deutsch Harrison stepping down on Jan. 19.
Separately, Michael Serruya, the company’s board chairman, departed his position on Jan. 24, the company said in a filing with the U.S. Securities and Exchange Commission.
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No reason was given for their departures, which are the latest milestones in a tumultuous period for the company.
MedMen has seen a revolving door for executives in recent years as the company, once a stock darling, continues to divest assets across the country.
Harrison, who was earning an annual salary of $416,000, is being replaced by Richard Ormond.
Ormond, a Los Angeles-based attorney with expertise in finance and banking,
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