He went from buffalo wings to cannabis and became the talk of L.A.'s marijuana industry [Los Angeles Times (CA)]
McDonald's Corporation (MCD)
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Source: Los Angeles Times
As a businessman, Karim Webb won acclaim for opening a Buffalo Wild Wings restaurant in a stretch of South Los Angeles that other investors had avoided, bringing new jobs to the area. He has been honored by Black Enterprise magazine, tapped to serve on charitable boards and praised effusively by L.A. leaders. When he was chosen as a city airport commissioner, Councilman Marqueece Harris-Dawson declared “there is no more stand-up citizen of our city.” Now Webb has turned his focus to the contentious world of cannabis — and abruptly become the target of envy and suspicion as marijuana entrepreneurs compete for a limited number of L.A. licenses. The reason: In the latest round of city approval, nearly a dozen of the applicants that have advanced past an initial step in the marijuana licensing process are partnering with his new company. That number surprised some cannabis entrepreneurs, who have questioned how applicants assisted by his firm had secured so many coveted spots in the first
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MCD
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MCD
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- 4/23/24 - Form 144
- 4/23/24 - Form 4
- 4/18/24 - Form PX14A6G
- MCD's page on the SEC website