MedMen Issues Subordinate Voting Shares in Satisfaction of Acquisition Post-Closing Payment
July 27, 2018 MJ Shareholders
MedMen Enterprises Inc. (“MedMen” or the “The Company”), (CSE: MMEN) (OTCQB: MMNFF) a leading cultivator, producer and retailer of state-sanctioned cannabis, announced today that it has issued 602,500 Class B subordinate voting shares at a deemed price of C$4.64 per share as satisfaction for a post-closing payment related to a 2017 acquisition, as had been evidenced by a Secured Promissory Note entered into in Q3 2017.
MedMen Enterprises is a cannabis company in the U.S. with assets and operations nationwide. Based in Los Angeles, MedMen brings expertise and capital to the cannabis industry and is one of the nation’s largest financial supporters of progressive marijuana laws. Visit http://www.medmen.com
Source: MedMen Enterprises
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