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Medmen Enterprises Inc
Symbol MMEN
Shares Issued 500,344,220
Close 2024-01-05 C$ 0.015
Market Cap C$ 7,505,163
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Medmen closes non-core Arizona asset sale to Mint

2024-01-05 18:12 ET - News Release

Ms. Ellen Deutsch Harrison reports

MEDMEN EXITS ARIZONA MARKET, COMPLETING SALE OF LOCAL OPERATIONS TO MINT CANNABIS

Medmen Enterprises Inc. has completed the previously announced sale of its non-core business operations in Arizona to an affiliate of Mint Cannabis. The pending sale of the company's assets in Nevada to Mint Cannabis awaits regulatory approval for completion.

"We are pleased to announce the closing of the sale of our business operations in Arizona. As previously stated, the divestiture of non-core operations enables the company to optimize our go-forward operational footprint," said Ellen Deutsch Harrison, Medmen's chief executive officer.

ATB Capital Markets acted as financial adviser, and Raines Feldman Littrell LLP acted as legal adviser to Medmen. CLD Advisory acted as financial adviser to Mint Cannabis.

About Medmen Enterprises Inc.

Medmen is a premier American cannabis company with an operational footprint in California, Nevada, Illinois, Massachusetts and New York. Medmen offers a robust selection of high-quality products, including Medmen-owned brands Medmen Red, Moss and LuxLyte, through its premium retail stores and proprietary delivery service, as well as curbside and in-store pickup. Medmen Buds, an industry-first loyalty program, provides exclusive access to promotions, product drops and content. Medmen believes that a world where cannabis is legal and regulated is safer, healthier and happier.

We seek Safe Harbor.

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