Ankündigung • Nov 18
MedMen Enterprises Inc. announced delayed 10-Q filing On 11/17/2023, MedMen Enterprises Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. New Risk • Sep 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$27m free cash flow). Share price has been highly volatile over the past 3 months (25% average weekly change). Negative equity (-US$357m). Earnings have declined by 16% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (6.1% increase in shares outstanding). Market cap is less than US$100m (CA$50.8m market cap, or US$37.2m). Ankündigung • Jun 17
MedMen Enterprises Inc. Announces CFO Changes, Effective June 29, 2023 MedMen Enterprises Inc. announced the resignation of Ana Bowman as Chief Financial Officer, effective June 29, 2023. Bowman has served as CFO since 2022. MedMen has begun a formal search for a new CFO. Ankündigung • May 06
MedMen Enterprises Inc. announced delayed 10-Q filing On 05/05/2023, MedMen Enterprises Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Reported Earnings • Feb 05
Second quarter 2023 earnings released: US$0.011 loss per share (vs US$0.006 loss in 2Q 2022) Second quarter 2023 results: US$0.011 loss per share (further deteriorated from US$0.006 loss in 2Q 2022). Revenue: US$29.6m (down 17% from 2Q 2022). Net loss: US$14.0m (loss widened 103% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 57% per year, which means it is significantly lagging earnings. Board Change • Dec 09
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Cameron Smith is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Ankündigung • Sep 10
MedMen Enterprises Inc. announced delayed annual 10-K filing On 09/09/2022, MedMen Enterprises Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Reported Earnings • Sep 09
Full year 2022 earnings released: US$0.13 loss per share (vs US$0.22 loss in FY 2021) Full year 2022 results: US$0.13 loss per share. Revenue: US$140.8m (down 2.9% from FY 2021). Net loss: US$149.8m (loss widened 27% from FY 2021). Ankündigung • Aug 24
An unknown buyer completed the acquisition of Substantially All of the Florida Assets of MedMen for $67 million. An unknown buyer agreed to acquire Substantially All of the Florida Assets of MedMen Enterprises Inc. (CNSX:MMEN) for $83 million on February 28, 2022. The transaction is subject to customary closing conditions, including applicable regulatory approvals. The transaction is subject to pending receipt of all required contractual consents and governmental approvals including the requisite change of ownership approval from the Florida Office of Medical Marijuana Use and it is expected to close in late April or early May 2022. The agreement may be terminated, if the agreement is illegal or prohibited by the law, or if any of the conditions have not been satisfied by July 31, 2022. Hyperion Capital Inc. provided a fairness opinion to the special committee of the board of directors of MedMen.
An unknown buyer completed the acquisition of Substantially All of the Florida Assets of MedMen on August 22, 2022. The deal is comprised of $63 million in cash and approximately $4 million in liabilities to be assumed by the buyer. The deal also includes the license of MedMen’s trademarks in the state. Board Change • Jun 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Cameron Smith is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Ankündigung • May 12
Ascend Wellness Holdings, Inc. (CNSX:AAWH.U) entered into a definitive agreement to acquire New York Operations of MedMen Enterprises Inc. for $88 million. Ascend Wellness Holdings, Inc. (CNSX:AAWH.U) entered into a definitive agreement to acquire New York Operations of MedMen Enterprises Inc. for $88 million on May 11, 2022. The transaction resolves the litigation between MedMen and AWH concerning the transaction and delivers $15 million in additional value to MedMen shareholders. Under the terms of the settlement agreement, AWH will pay MedMen $88 million: $73 million as an assumption of debt and $15 million in cash. Other terms of the transaction will be as originally announced in February 2021. The transaction is expected to close within thirty days. Reported Earnings • May 10
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: US$0.02 loss per share (up from US$0.039 loss in 3Q 2021). Revenue: US$35.2m (up 10% from 3Q 2021). Net loss: US$19.2m (loss narrowed 10% from 3Q 2021). Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 487%. Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Director Cameron Smith is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Ankündigung • Mar 01
An unknown buyer agreed to acquire Substantially All of the Florida Assets of MedMen Enterprises Inc. (CNSX:MMEN) for $83 million. An unknown buyer agreed to acquire Substantially All of the Florida Assets of MedMen Enterprises Inc. (CNSX:MMEN) for $83 million on February 28, 2022. The transaction is subject to customary closing conditions, including applicable regulatory approvals. The transaction is expected to close in late April or early May 2022, pending the receipt of all required contractual consents and governmental approvals including the requisite change of ownership approval from the Florida Office of Medical Marijuana Use. Hyperion Capital Inc. provided a fairness opinion to the special committee of the board of directors of MedMen. Ankündigung • Feb 19
MedMen Announces CFO Changes MedMen Enterprises Inc. announced the appointment of Ana Bowman as Chief Financial Officer, effective February 22, 2022. Bowman succeeds outgoing interim CFO Reece Fulgham, who will be returning to consulting firm SierraConstellation Partners. Ankündigung • Feb 13
MedMen Announces Resignation of Tracy Mccourt as Chief Revenue Officer, Effective March 4, 2022 MedMen Enterprises Inc. announced the Company has received notification from Tracy McCourt, the Company’s Chief Revenue Officer, of her decision to resign, effective March 4, 2022. Reported Earnings • Feb 10
Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2022 results: US$0.011 loss per share (up from US$0.083 loss in 2Q 2021). Revenue: US$39.1m (up 36% from 2Q 2021). Net loss: US$13.5m (loss narrowed 66% from 2Q 2021). Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) exceeded analyst estimates by 487%. Ankündigung • Feb 06
MedMen Enterprises Inc., Annual General Meeting, Apr 20, 2022 MedMen Enterprises Inc., Annual General Meeting, Apr 20, 2022. Ankündigung • Feb 02
MedMen Enterprises Inc. Announces Cannasseur Personal Concierge Service MedMen Enterprises Inc. announced its Cannasseur Personal Concierge Service, a personal shopping program now available in California, Nevada, Arizona and Florida dispensaries. Led by MedMen’s top in-store cannabis experts, or ‘Cannaseurs’, the service offers customers free one-on-one consultations with seasoned budtenders, covering everything from individualized product and strain recommendations to cannabis education and responsible use. Every MedMen Cannasseur receives expert training through in-depth cannabis workshops and seminars with leading industry experts. A typical session will include questions about a consumer’s experience level, desired effect and preferred consumption format. Bringing best-in-class knowledge of cannabinoids, terpenes, cultivation methods, consumption formats and product offerings, their Cannaseurs take pride in advising and guiding patients towards the best product for their personal needs. Ankündigung • Jan 16
Ascend Wellness Holdings, Inc. Announces the Filing of A Lawsuit and Motion for Preliminary Injunction for Specific Performance to Close Transaction with MedMen Ascend Wellness Holdings, Inc. announced it has filed a complaint commencing a lawsuit in the Commercial Division of the Supreme Court of the State of New York in New York County against MedMen NY, Inc. and MM Enterprises USA, LLC in which AWH is seeking an order compelling specific performance of the transactions contemplated by the Investment Agreement among AWH and MedMen. In addition, AWH has made an application for a preliminary injunction and temporary restraining order to maintain the status quo between the parties and to prevent any actions by the MedMen parties that would result in additional encumbrances on the equity or assets of MedMen NY, Inc. Board Change • Jan 01
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Independent Director Cameron Smith is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Dec 03
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Independent Director Cameron Smith is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Executive Departure • Nov 29
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 29
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 29
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 29
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 28
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 28
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 28
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 28
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 28
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 28
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 28
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 28
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 28
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 28
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 28
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 27
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 27
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 27
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 27
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 27
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 27
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 27
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 27
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 27
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 27
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 27
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 27
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 27
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 27
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 27
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 27
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 26
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 26
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 26
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 26
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 26
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 26
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 26
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 26
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 26
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 26
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 26
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 26
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 26
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 26
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 26
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 26
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 26
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 25
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 25
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 25
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 25
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 25
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 25
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 25
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 25
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. Executive Departure • Nov 25
Executive Chairman, CEO & Chief Restructuring Officer Thomas Lynch has left the company During their tenure, earnings grew by 34% annually compared to the industry average of 31%. On the 22nd of November, Thomas Lynch was replaced as CEO by Michael Serruya after 1.6 years in the role. We don't have any record of a personal shareholding under Thomas' name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Under Thomas' leadership, the company delivered a total shareholder return of 1.6%. 
