Replies to post #195 on MedMen Enterprises Inc (MMEN)

[PotterBanker]

The MedMen of Nevada 2 LLC Distributes to Members Shares Redeemable for Class B Subordinate Voting Shares of MedMen Enterprises Inc.

https://www.businesswire.com/news/home/20180905005328/en/

LOS ANGELES--(BUSINESS WIRE)--The MedMen of Nevada 2 LLC (the “Securityholder”), located at 10115 Jefferson Blvd, Culver City, CA 90232, announced today that on September 5, 2018 it disposed of, by way of distribution in accordance with its constating documents to the members of the Securityholder, 16,574,460 Class B Common Shares (“Class B Shares”) of MM Can USA, Inc. (“PC Corp”), a subsidiary of MedMen Enterprises Inc. (the “Issuer”), which is located at 10115 Jefferson Blvd, Culver City, CA 90232.

Pursuant to the articles of incorporation of PC Corp and the Support Agreement dated as of May 28, 2018 between the Issuer, PC Corp and MM Enterprises USA, LLC (the “LLC”), and subject to the terms and conditions thereof, such distributed Class B Shares (the “Distributed Shares”) may be redeemed from time to time by the holders thereof for cash or an equivalent number of Class B Subordinate Voting Shares (the “Subordinate Voting Shares”) of the Issuer, with the form of such redemption consideration being at the option of PC Corp.