Ms. Briana Chester reports

MEDMEN INCREASES TERM LOAN FACILITY TO C$100 MILLION

Medmen Enterprises Inc. has closed an additional tranche of its previously announced senior secured term loan with funds managed by Hankey Capital and an affiliate of Stable Road Capital. Pursuant to the terms of the facility, the principal amount of the loan has been increased by $5,661,920 to $99,952,190. The principal amount under the facility will accrue interest at a rate of 7.5 per cent per annum, paid monthly, with a maturity date of 24 months following the date of closing. The proceeds from the facility will be used for acquisitions, capital expenditures and other corporate expenses.

In connection with the increased principal under the facility, an affiliate of Medmen has issued to the lenders an additional 511,628 warrants, each being exercisable for one Class B common share of such company at a purchase price per share of $6.09 ($4.73 (U.S.)) for a period of 30 months. Such Class B common shares are redeemable in accordance with their terms for Class B subordinate voting shares of the company.

In addition to providing a portion of the facility, Stable Road Capital is providing advisory services to Medmen. Advisory services include introducing Medmen to brands and various service providers, advice on the facility and providing advice with respect to Medmen's planned structured sale of real estate assets. For its advisory services, an affiliate of Medmen has issued to Stable Road Capital 8,105,642 warrants at a purchase price per share of $6.37 ($4.97 (U.S.)) and 511,628 warrants at a purchase price per share of $6.09 ($4.73 (U.S.)) each being exercisable for one Class B common share of such company for a period of 30 months.

About Medmen Enterprises Inc.

Medmen Enterprises is a leading cannabis company in the United States with assets and operations across the country. 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.