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MedMen Opens First Store in Arizona

MedMen
Enterprises Inc. ("MedMena??A or theA "Companya??) (CSE: MMEN) (OTCQX:
MMNFF) (FSE: A2JM6N)A today announced that it has completed its
acquisition of Omaha Management Services, LLC, for control of Monarch, a
Scottsdale, Arizona-based licensed medical cannabis license holder with
dispensary, cultivation and processing operations. The transaction, with
WhiteStar Solutions LLC ("WhiteStara??), included the acquisition of
WhiteStara??s exclusive co-manufacturing and licensing agreements with
Kiva, Mirth Provisions and HUXTON for the state of Arizona.


"As we look to operationalize the acquisitions we have made in recent
months, our team has focused on timely and seamless transitions,a?? said
Adam Bierman, MedMen chief executive and co-founder. "From the signing
of the letter of agreement in October to opening our first dispensary in
Arizona, we have been able to activate in a matter of weeks. It is
testament to the quality of our team and I couldna??t be prouder of our
staff.a??


The Monarch dispensary opened officially under MedMen management on
Monday, December 3. It will eventually be rebranded as a MedMen store.


Arizona is one of the largest medical marijuana markets in the country
with over 180,000 current patients. The state also represents one of the
larger addressable adult-use markets in the U.S. A ballot measure to
legalize adult-use narrowly missed in 2016, and is expected to return in
2020.
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