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MedMen Acquires San Francisco Bay Dispensary to Expand Footprint into Northern California
Thursday 11 October 2018

11 October 2018 - Los Angeles, US-based cannabis company MedMen Enterprises Inc. (CSE: MMEN) (OTCQB: MMNFF) (FSE: A2JM6N) has agreed to acquire 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.
The transaction is expected to close within 90 days of signing and is subject to customary closing conditions.
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.
Details
Date Published: 11/10/2018
Target: Berkeley Patients Group/licensed dispensary
Country: USA
Sector: Wholesale/Retail
Type: Corporate acquisition
Financing: Cash and Stock
Status: Agreed
Vendor: Berkeley Patients Group
Buyer: MedMen Enterprises
Comment:
Terms of the deal were not disclosed

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