Medmen Enterprises Inc MMNFQ

RE:OMG!!!!!

[oceaneleven]

MEDMEN ANNOUNCES DELAY FILING OF FINANCIAL STATEMENTS FOR THE FIRST FISCAL QUARTER OF 2021, ENDED SEPTEMBER 26, 2020 AND ISSUANCE OF MANAGEMENT CEASE TRADE ORDER

Medmen Enterprises Inc. expects to be late in filing its financial statements and management's discussion and analysis for the first quarter ended Sept. 26, 2020, under applicable Canadian securities laws. The company has filed a registration statement with the United States Securities and Exchange Commission (the SEC) in connection with its loss of foreign private issuer status. While the registration statement was declared effective on Oct. 23, 2020, the SEC and the company are still in the comment phase. Changes to the company's management's discussion and analysis (MD&A) have been requested and the company is still addressing these changes with the assistance of its auditor and legal counsel. The company anticipates having management's discussion and analysis for the first quarter of 2021 that fully addresses these comments within the next 10 days such that the interim financial filings will be available for filing by or before Dec. 7, 2020.

Medmen applied for a management cease trade order (MCTO) under National Policy 12-203 -- Management Cease Trade Orders, which was issued today by the British Columbia Securities Commission. The MCTO does not affect the ability of investors who are not insiders to trade in the securities of the company. Medmen intends to follow the alternate information guidelines contained in National Policy 12-203 for so long as it has not filed the interim financial filings.