New York State Conditional Approval for Investment Agreement WH received conditional approval to invest into MedMen's New York subsidiary for 86.7% controlling interest
NEW YORK, Dec. 16, 2021 /PRNewswire/ - Ascend Wellness Holdings, Inc. ("AWH" or the "Company") (CSE: AAWH.U) (OTCQX: AAWH), a multi-state, vertically integrated cannabis operator focused on bettering lives through cannabis, announced it has received conditional approval from the New York Cannabis Control Board for its previously announced definitive investment agreement with MedMen NY, Inc., the New York subsidiary of MedMen Enterprises Inc. (CSE: MMEN) (OTCQX: MMNFF), pending the review of the proposed transaction by the Office of Cannabis Management staff for compliance with the Cannabis Law and its corresponding rules and regulations, and further conditioned the approval on the registered organization continuing current operations to maintain patient access and supply.
About AWH:
AWH is a vertically integrated operator with assets in Illinois, Michigan, Ohio, Massachusetts and New Jersey. AWH owns and operates state-of-the-art cultivation facilities, growing award winning strains and producing a curated selection of products. AWH produces and distributes Ozone branded products. For more information, visit www.awholdings.com.