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Saturday, December 29, 2018 1:01:39 PM
12/24/2018
MedMen will undertake a re-organization whereby a new holding company will acquire each of MedMen and PharmaCann.
The acquisition doubles the number of states where MedMen has licenses to 12.
The combined addressable market in these 12 states accounts for over 50 percent of the total estimated 2030 U.S. addressable market of $75 billion, according to Cowen Group.
Combined, MedMen and PharmaCann would be licensed for 76 retail stores and 16 cultivation and production facilities, including pending acquisitions by MedMen and PharmaCann.
PharmaCann unitholders will own approximately 25 percent of the pro-forma company, on a fully-diluted basis (using the treasury stock method), at closing.
All dollar values are in U.S. dollars, unless otherwise noted.
https://investors.medmen.com/press-releases/press-release-details/2018/MedMen-Signs-Definitive-Agreement-for-the-Acquisition-of-PharmaCann/default.aspx
Statements made are only my opinion. Do your own DD in order to make your Investment decisions.
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