MedMen Sees Q4 Revenue at $42 Million

MedMen Announces Preliminary Fourth Quarter 2019 Systemwide Revenue Results and Provides Additional Corporate Updates
  • Pro forma fourth quarter systemwide revenue, including pending acquisitions, of US$61 million, representing an annualized run rate of approximately US$245 million
  • Company is now on track to achieve an approximately 30% overall reduction in corporate SGA from the December 2018 quarter, surpassing initial target reduction of 20%
  • Through the recent awarding of licenses and assuming completion of pending acquisitions, the Company is licensed for 92 retail stores across the U.S., including 17 retail stores in California
  • Completed previously announced amendments to US$250 million financing arranged by Gotham Green Partners
  • Signed definitive documentation for US$30 million equity financing with Wicklow Capital and Gotham Green Partners

LOS ANGELES, August 13, 2019–(BUSINESS WIRE)–MedMen Enterprises Inc. (CSE: MMEN) (OTCQX: MMNFF) (“MedMen” or the “Company”), a

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