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MedMen Releases Preliminary Third Quarter 2019 Systemwide Revenue Results - Designated News Release

MedMen
Enterprises Inc. ("MedMena?? or the "Companya??) (CSE: MMEN) (OTCQX:
MMNFF) (FSE: A2JM6N) announced today unaudited systemwide revenue for
its fiscal 2019 third quarter ended March 30, 2019. Across the Companya??s
operations in California, Nevada, New York, Arizona and Illinois,
systemwide revenue was US$36.6 million (CA$48.8 million). This
represents a 22% quarter-over-quarter increase over its fiscal 2019
second quarter ended December 29, 2018. Systemwide revenue, pro forma
for pending acquisitions that have not yet closed, was US$54.9 million
(CA$73.2 million) for the quarter. For the third quarter, gross margin
across its retail operations was 51%1, compared to 53% in the
previous quarter. The Company is expected to post its fiscal 2019 third
quarter results in May 2019.


































Q2 2019
Actual






















Q3 2019
Preliminary






















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