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MedMen Announces Equity Private Placement
February 17, 2021 GMT
MedMen Enterprises Inc. (“
MedMen ” or the “
Company ”) (CSE: MMEN) (OTCQX: MMNFF), a cannabis retailer with operations across the U.S., today announced the execution of subscription agreements with certain institutional investors (collectively, the
“Investors” ) for the sale of up to approximately US$5.8 million of units (”
Units ”) at a purchase price of US$0.3713 per Unit (the
“Private Placement” ). Each Unit consists of one Class B subordinate voting share (each, a ”
Share ”) and one share purchase warrant (each, a ”