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MedMen Announces Sale

of Florida Assets, New Trademark

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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.”

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Cannabis News Florida cannabisnewsflorida.com March 2022 47