MedMen President Sells LA Mansion To YouTuber After Laying Off 40% Of Personnel

Start generating passive income through real estate.

Own a piece of your favorite cities through diversified real estate investments in the country's top markets

*Terms and conditions apply. Visit Nada's website for more details.

MedMen MMNFF President Andrew Modlin has jettisoned his West Hollywood home to YouTuber Emma Chamberlain.

The property was valued at $3.9 million, according to The Los Angeles Times.

The contemporary house is just a few blocks away from MedMen's Hollywood dispensary and covers about 4,075 square feet.

The deal comes on the heels of an announcement confirming that MedMen laid off almost 40% of its staff.

See Also: MedMen CEO On Recent Layoffs: 'We're On Chapter Two, Where Execution Means Profitability'

The two-stories house touts sculptures, a floating staircase leading to glass-filled interiors that open directly outside, a swimming pool, a spa and a cabana.

The second story has several bedrooms and bathrooms overlooking the affluent neighborhood.

Modlin co-founded MedMen in 2010 with Adam Bierman. It has since expanded to several states.

Chamberlain, 18, ranks as one of the most influential people on the internet, having won a "Streamy" award for breakout star in 2018.

Versión en Español en El Planteo: El Presidente de MedMen Vendió su Mansión a la YouTuber Emma Chamberlain

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CannabisMarketsReal EstateThe Los Angeles Times
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

The Top Cannabis Event In New Jersey

Join the Benzinga Cannabis Market Spotlight in New Jersey on June 17th! Grow your business, raise money and capitalize on the booming NJ recreational market. Don’t miss this must-attend event in New Brunswick. Secure your tickets now. Very few spots are left. Use the code "JAVIER20" for 20% off!


Loading...