MedMen Enterprises Inc (MMEN)

[ZenMan 111]

"Because MedMen satisfied all the parts in the acquisition agreement, it will not incur a penalty for the termination, Bierman said. What’s more important: MedMen negotiated to obtain certain assets from Pharmacann, in compensation for the roughly $20 million loan that MedMen had invested into Pharmacann so far.

As part of the new deal, MedMen will get Pharmacann’s:
•Operational cultivation and production facility in Hillcrest, Illinois;
•A retail location in Evanston, Illinois;
•A retail license for Greater Chicago, Illinois;
•A license for a vertically-integrated facility in Virginia.
The assets in Illinois are of particular importance to MedMen, as the state has recently legalized recreational use of cannabis and the company is expanding its footprint in the state. Overall, Bierman believes MedMen cut a very good deal for these assets."

“We're getting what we believe to be about, you know, conservatively call it $75 million worth of assets,”

https://finance.yahoo.com/news/exclusive-medmen-ceo-talks-pharmacann-214057190.html