Page 47 - SFHN MARCH 2022
P. 47
AROUND THE REGION
TM
MedMen Announces Sale
of Florida Assets, New Trademark
Licensing Agreement Subscribe to...
MedMen Enterprises Inc., a premier cannabis retailer with operations across the United CANNABIS NEWS FLORIDA
States, announced plans to sell its Florida assets to Florida-based private company Green
Sentry Holdings LLC for $83 million. The cash deal includes the sale of substantially all of
MedMen’s Florida-based assets, including its license, dispensaries, inventory and cultiva- today!
tion operations. Additionally, the Company agreed to license its trademarks in the state for
a two-year period, subject to termination rights, for a quarterly revenue-based fee. The
transaction is subject to customary closing conditions, including applicable regulatory
approvals. The deal is expected to close in late April or early May 2022, pending the receipt To subscribe,
of all required contractual consents and governmental approvals including the requisite
change of ownership approval from the Florida Office of Medical Marijuana Use. call 561-368-6950
“As MedMen continues to transform its business model and position itself for future
growth, our go-forward strategy is going to include an asset-light model that enables us to
leverage the power and strength of the MedMen brand,” said Michael Serruya, MedMen’s or email
Chairman and Interim CEO. “We feel confident this model will deliver strong financial
results and opportunities for growth across many states and will continue to identify trade-
mark licensing opportunities that will introduce the MedMen brand and retail experience carol@cannabisnewsflorida.com
to other markets across the United States and internationally.”
TM
A LINE OF PREMIUM, MIND-EX ANDING C ANNABIS
XP
A
CONCENTRA TES AND C AR TRIDGEES, MUSE A W AKEN Y OUR
S
T
NS
,
GIVING Y
SION
OU PERMISSSION T
CREATIVIT Y GIVI NG YOU PERMISS TO LET GO AND GIVE
CREA
A A
AND GIVE
O LET GO
T
TIVITY
O
RA
T
INT O INSPIR TION AND UNLOCK WHA T T IS WIT HIN.
TM
R
@MEET. Y OUR.MUSE
CREAATEWITHMUSECCANNABIS
S.COM
I
T
A
FOR MORE INFO
Y
PLEASE CONSUME RESSPONSIBLLYY.. This product has not been analyzzed or approved by the Food and Drug Admi nistration (FDA). There is limited information o the side effffects of
on
using this product, and tthere may be associated health risks. Marijuanna use during pregnancy and breast-feeding mmay pose potential harms. It is against the laww to drive or operate
Y
A
f
machinery when under the influence of this product. KEEP THIS PRRODUCT WAWAAYY FROM CHILDREN. There m may be health risks associated with consumpt tion of this product.
Marijuana can impair co oncentration, coordination, and judgment. Thee impairment eff fects of edible marijuana prod ducts may be delayed by two hours or more. In case of accidental
ingestion, contact the Po oison Control Hotline at 1-800-222-1222 or 9-1-1. This pr oduct may be illegal outside of M MA. Do not operate a vehicle or machinery under the influence of
this drug. For use only b by adults 21 ye ars of age or older.
TRULIEVE.COM
Cannabis News Florida cannabisnewsflorida.com March 2022 47