MedMen CEO, Adam Bierman, Stepping Down

Effective tomorrow (Feb 1, 2020), Adam Bierman will be stepping down as CEO of the cannabis retail company, MedMen. According to a story posted on Benzinga, in his place, Ryan Lissack, MedMen’s COO and CTO will become interim CEO. Bierman has agreed to surrender his Class A “Super Voting” shares as part of his departure deal.

Bierman’s departure comes following a restructuring push by MedMen, which resulted in 190 layoffs across the company. And while he is stepping down as CEO and surrendering his Class A shares, Bierman will remain on MedMen’s board. Meanwhile, the MedMen board of directors is forming a committee to search for Bierman’s permanent replacement as CEO.