MedMen Completes Investment in Popular California-Based Flower Brand Old Pal
Old Pal has built loyal following with high quality, value-oriented flower
MedMen Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQB: MMNFF) (FSE: A2JM6N) announced today it has completed a
minority investment in Old Pal, a popular California-based brand that provides every day, high-quality cannabis flower for its
customers.
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Old Pal is one of the best-known flower brands in California and one of the fastest growing brands in the cannabis industry
today.
“Old Pal has a differentiated and high-quality product offering that is in tune with the needs of the modern cannabis consumer,”
said Adam Bierman, MedMen chief executive and co-founder. “This a strategic investment, the third of its kind to date, to broaden
MedMen’s reach with consumers in this quickly evolving space.”
All of Old Pal’s flower is naturally sun-grown. The company has built a loyal following through its focus on community
engagement and authentic shared experiences.
“We share a similar vision with MedMen of creating a new, accessible cannabis culture and mainstreaming marijuana that is built
on the support, trust and reputation of leading brands,” said Russel Wilenkin, chief executive and co-founder of Old Pal. “MedMen’s
investment positions Old Pal to take advantage of tremendous opportunities by accelerating our unique brand and product initiatives
in the fast-growing cannabis market.”
Note: The Company does not disclose deal values for transactions that are deemed immaterial from a purchase price
standpoint.
ABOUT MEDMEN:
MedMen Enterprises is a leading cannabis company in the U.S. with assets and operations across the country. Based in Los
Angeles, MedMen brings expertise and capital to the cannabis industry and is one of the nation’s largest financial supporters of
progressive marijuana laws. Visit
http://www.medmen.com
ABOUT OLD PAL:
Old Pal is a lifestyle cannabis company focused on the value-oriented segment of the market. Through strategic partnerships
within the trade, the brand has secured high quality, dependable production and distribution. With the incorporation of
culture-focused design and marketing, Old Pal has defined a much-needed new space within the industry; a space curating an
accessible lifestyle beyond stoner culture. Visit
http://www.oldpal.us/
SOURCE: MedMen Enterprises
MedMen Enterprises
OFFICER:
Adam Bierman, 855-292-8399
Chief Executive Officer
info@medmen.com
or
MEDIA CONTACT:
Briana Chester, 424-888-4260
Senior Publicist
briana.chester@medmen.com
or
INVESTOR RELATIONS CONTACT:
Stéphanie Van Hassel, 323-705-3025
Head of Investor Relations
investors@medmen.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20181023005483/en/