Medmen Enterprises Inc MMNFQ

Corporate development looks sweet.

[Bigchungus]

Won’t take long to reach 500mm sales. This is exactly how we want to see MMEN expand “rapidly” while trimming 20 percent without sacrificing expansion. Margins are getting better for retailers and thinner for wholesalers, feel free to look around and verify this. We’re  in a sweet spot near a 52w low executing more precise than ever and organized. Management has also agreed to take a well deserved haircut of $50k annually “A token of good faith” if you will. I feel more comfortable than ever parking my money here though still waiting for the uplisting. 

Corporate Development:

• Southern California: Closed on acquisition of non-operational retail license in San Diego, which has subsequently opened as MedMen Sorrento Valley; closed on acquisition of ownership interests in MedMen-branded retail store in Santa Ana, which was previously managed by the Company, but owned by a third party
• Northern California: Closed on acquisitions of two cannabis retailers in Northern California – Buddy’s in San Jose and Sugarleaf in Seaside
• Arizona: Closed on acquisition of Kannaboost Technology Inc. and CSI Solutions LLC, collectively referred to as “Level Up” providing licenses for two vertically-integrated operations in Arizona, including retail locations in Scottsdale and Tempe and 25,000 square feet of cultivation and production capacity in Tempe and Phoenix
• Illinois: Closed on acquisition of Seven Point, a licensed medical cannabis dispensary located in the Chicago suburb of Oak Park, Illinois

Southern California: Signed definitive agreement to acquire a retail operation in Long Beach, the third largest city in Southern California

LAST BUT NOT LEAST

Corporate SG&A:

• Executive Compensation: As part of broader SG&A and profitability initiatives, Adam Bierman, chief executive officer, and Andrew Modlin, president, have entered into revised employment agreements with annual salaries of $50,000

HALLEFKNLUJAH!