MedMen Announces US$250 Million Investment From Gotham Green Partners

MedMen Enterprises Inc. (CSE:MMEN) (OTCQX:MMNFF) (FSE: A2JM6N) ("MedMena??
or the "Companya??), is pleased to announce that it has signed a
binding term sheet for a senior secured convertible credit facility of
up to US$250,000,000 (the "Facilitya??) from funds managed by
Gotham Green Partners ("GGPa?? or the "Investora??), an
investor in the global cannabis industry. Management believes this is
the largest investment to date by a single investor in a publicly traded
cannabis company with U.S. operations.

"This strategic partnership with Gotham Green Partners represents
another key milestone for MedMen and stems from our long-standing
relationship with The Cronos Group and GGPa??s brand portfolio,a?? said Adam
Bierman, CEO of MedMen. "The growth capital will be used to
operationalize the balance of our footprint and we look forward to
creating further alignment with GGP and their global cannabis platform.a??

"We continue to be impressed with MedMena??s industry leading retail
execution and iconic branding. With MedMena??s fortified balance sheet,
the Companya??s future has never been brighter,a?? said Jason Adler,
managing member of GGP. "We feel fortunate to have the opportunity to
take such a significant stake in MedMen and begin to work actively with
the management team and the board to help the Company achieve its goals.a??

The Company intends to use the net proceeds from drawdowns on the
Facility to fund the future capital needs of the business. In addition
to funding general working capital, the growth capital will primarily be
used to:
See also:
Leave a comment
  • Latest
  • Read
  • Commented
Calendar Content
«    Январь 2022    »