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MedMen Revises Real Estate Assets Sale

MedMen
Enterprises Inc. ("MedMena?? or the "Companya??) (CSE: MMEN) (OTCQB:
MMNFF) (FSE: A2JM6N) today announced that it has revised a previously
announced agreement to sell a portion of its real estate assets. MedMen
previously announced that it would sell three properties to newly formed
Treehouse Real Estate Investment Trust, Inc. ("Treehousea??). Under the
revised transaction MedMen expects to sell one property to Treehouse and
two properties to Stable Road Capital. The sale to Stable Road Capital
would take place as soon as practical. The sale to Treehouse would take
place following capitalization of Treehouse through a private placement.
The economics of the transaction are not expected to change.


The sale of two properties to Stable Road Capital is expected to
generate approximately US$8.5 million of proceeds to the Company after
repayment of debt. The sale of one property to Treehouse is expected to
generate approximately US$4.0 million of proceeds to the Company after
repayment of debt. Together, the transactions are expected to net the
Company US$12.5 million. Additional real estate assets in MedMena??s
portfolio are expected to be sold to Treehouse over the next 12 months.


Treehouse is a real estate investment vehicle that intends to capitalize
on the cannabis industrya??s continued growth. Investors in Treehouse are
expected to include Stable Road Capital.


The properties sold to Stable Road Capital and Treehouse will be leased
backed to MedMen or its subsidiaries at market rates under long-term
leases.
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