/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/
LOS ANGELES, March 28, 2019 /CNW/ - MedMen Enterprises Inc. ("MedMen" or the "Company") (CSE: MMEN) (OTCQX: MMNFF) (FSE: A2JM6N) is pleased to
announce that it has filed a final short form base shelf prospectus (the "Shelf Prospectus") with the securities regulatory
authorities in each of the provinces and territories of Canada.
The Shelf Prospectus will, subject to securities regulatory requirements, enable the Company to make offerings of up to
CAD$500 million of any combination of Class B subordinate voting shares, preferred shares, debt
securities, subscription receipts, warrants and units (all of the foregoing, collectively, the "Securities") during the 25-month
period that the Shelf Prospectus, including any amendments thereto, remains valid. The nature, size and timing of any such
offerings (if any) will depend, in part, on the Company's assessment of its requirements for funding and general market
conditions. Unless otherwise specified in a prospectus supplement relating to a particular offering of Securities, the net
proceeds from any sale of any Securities are expected to be used for general corporate purposes, including funding ongoing
operations and/or working capital requirements, to repay indebtedness outstanding from time to time, discretionary capital
programs and potential future acquisitions. The specific terms of any future offering of Securities will be established in a
prospectus supplement to the Shelf Prospectus, which supplement will be filed with the applicable Canadian securities regulatory
authorities.
A copy of the Shelf Prospectus is available on the Company's profile on SEDAR at www.sedar.com.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale
of, Securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such jurisdiction. The Securities have not been, nor will they be, registered
under the United States Securities Act of 1933, as amended, and may not be offered or sold in the
United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from
the registration requirements.
ABOUT MEDMEN:
MedMen is a cannabis retailer with operations across the U.S. and flagship stores in Los
Angeles, Las Vegas and New York. MedMen's mission is to
provide an unparalleled experience that invites the world to discover the remarkable benefits of cannabis because a world where
cannabis is legal and regulated is a safer, healthier and happier world.
Learn more at www.medmen.com
Cautionary Note Regarding Forward-Looking Information and Statements
This news release contains certain "forward-looking information" within the meaning of applicable Canadian securities
legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe
harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and
forward-looking statements are not representative of historical facts or information or current condition, but instead represent
only MedMen's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and
outside of MedMen's control. Generally, such forward-looking information or forward-looking statements can be identified by the
use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and
phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken",
"will continue", "will occur" or "will be achieved". The forward-looking information and forward-looking statements contained
herein may include, but is not limited to, information concerning the Shelf Prospectus, any prospectus supplements to the Shelf
Prospectus, any offering using the Shelf Prospectus and the proposed use of proceeds from any offering using the Shelf
Prospectus.
By identifying such information and statements in this manner, MedMen is alerting the reader that such information and
statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of
activity, performance or achievements of MedMen to be materially different from those expressed or implied by such information
and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this
news release, MedMen has made certain assumptions.
Among others, the key factors that could cause actual results to differ materially from those projected in the
forward-looking information and statements are the following: changes in general economic, business and political conditions,
including changes in the financial markets and in particular in the ability of the Company to raise debt and equity capital in
the amounts and at the costs that it expects; inability to locate suitable acquisition targets; delays in opening new
cultivation and production facilities; higher than expected costs to construct and operate cultivation and
production facilities; adverse changes in the public perception of cannabis; changes in consumer demand for cannabis;
decreases in the prevailing prices for cannabis and cannabis products in the markets in which the Company operates; adverse
changes in applicable laws; adverse changes in the application or enforcement of current laws, including those related to
taxation; increasing costs of compliance with extensive government regulation; risks related to licensing, including the ability
to obtain the requisite licenses or renew existing licenses for the Company's proposed operations; dependence upon third party
service providers, skilled labor and other key inputs; risks inherent in the agricultural and retail business; intellectual
property risks; risks related to litigation; dependence upon senior management; and other risks disclosed in the Company's public
filings including its Shelf Prospectus (including the documents incorporated by reference therein). Should one or more of these
risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements
prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed,
estimated or expected.
Although MedMen believes that the assumptions and factors used in preparing, and the expectations contained in, the
forward-looking information and statements are reasonable, undue reliance should not be placed on such information and
statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be
accurate, as actual results and future events could differ materially from those anticipated in such information and statements.
The forward-looking information and forward-looking statements contained in this news release are made as of the date of this
news release, and MedMen does not undertake to update any forward-looking information and/or forward-looking statements that are
contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral
forward-looking information and statements attributable to MedMen or persons acting on its behalf is expressly qualified in its
entirety by this notice.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained
herein.
SOURCE MedMen Enterprises Inc.
View original content: http://www.newswire.ca/en/releases/archive/March2019/28/c6355.html