Cannabis Retailer MedMen Loses General Counsel Alongside COO

MedMen store in Las Vegas.

MedMen opening in Las Vegas. Photo: Denise Truscello/Getty Images for MedMen

The general counsel and chief operating officer of Los Angeles-based cannabis retailer MedMen have resigned, according to a press release put out by the company Friday morning.

The company announced that Lisa "LD" Sergi Trager tendered her resignation along with the company’s chief operating officer, Ben Cook.

According to her LinkedIn profile, Trager became the company’s general counsel in April 2018. Prior to becoming the company’s legal leader, she worked as a tax principal at Deloitte.

According to a press release announcing his hiring in October, Cook had previously worked as the senior vice president of supply chain for Sam's Club and has held similar roles at Target and Apple.

Cook and Trager could not be reached for comment Friday.

LD Sergi Trager.

“We appreciate the contributions of all current and former MedMen team members as we work to build the world’s leading cannabis company, and I have the utmost confidence in the management team,” MedMen CEO Adam Bierman said in the press release. "Their expertise, skill set and experience sets the standard of excellence for the industry.”

Dan Edwards, the company’s senior vice president of legal affairs, will keep his title and lead the legal team. He will report directly to Bierman, according to the press release. MedMen also announced the hiring of Ryan Lissack as its chief technology officer Friday.

It is not clear if the company is searching for a new general counsel. A spokesperson declined to comment beyond what is in the press release.

Trager’s departure comes almost three months after the company’s former chief financial officer, James Parker, filed suit against the company claiming he was unduly stripped of his powers as CFO and unable to do his job. In his suit, he describes the culture at MedMen as "racist" and "homophobic." He claims the working conditions at the company are "intolerable.” The suit is pending in the Los Angeles County Superior Court.

In February, Bierman said in a company blog post that the claims are “malicious and designed to get attention for what is a meritless lawsuit.”

MedMen operates in California, Nevada, New York, Arizona and Illinois. Earlier this month, the company projected third-quarter revenues of $36.6 million.

LD Sergi Trager.