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MedMen Closes Acquisition of San Francisco Bay Dispensary to Expand Footprint into Northern California
Thursday 13 December 2018

13 December 2018 - Los Angeles, US-based cannabis company MedMen Enterprises Inc. (CSE: MMEN) (OTCQB: MMNFF) (FSE: A2JM6N) has closed the acquisition of a licensed dispensary from California-based Berkeley Patients Group, giving MedMen one of only two adult-use licenses issued in the city of Emeryville, the company said.

As consideration for the acquisition, the company will pay a combination of cash at closing and shares of MedMen Enterprises, Inc. in an undisclosed amount.

MedMen currently operates eight dispensaries in Southern California. The Emeryville dispensary is located in the commercial heart of San Francisco's East Bay.

MedMen brings expertise and capital to the cannabis industry and is one of the nation's largest financial supporters of progressive marijuana laws.
Date Published: 13/12/2018
Target: Berkeley Patients Group
Country: USA
Sector: Wholesale/Retail
Type: Corporate acquisition
Status: Closed
Buyer: MedMen Enterprises
Terms of the deal were not disclosed