Replies to post #730 on MedMen Enterprises Inc (MMEN)

[IndustryParticipant]

And of course, those are some of the issues I have a problem with:

I think a check mark might indicate not only existing facilities but probably also includes states where a given company may have future plans to expand into or are in the process of applying for a license.

MedMen is the only company listed in the table that has a check mark for Michigan, but so far I haven't been able to verify that they have any current exposure in that state or even any firm future plans.

There is currently a "new wave" of companies, and it's several, not just MedMen, who proclaim they "are operating", or list numbers of facilities "they are currently operating" which indeed, they are not. As previously stated, I have a greater intimate knowledge of many aspects than I'll ever say publicly.

Florida is a good example. Original Florida licensing called for 25 dispensaries per licensee, with triggers allowing for 30, and then 35 (separate dispensary locations). The last I heard, MM had sites selected for 5. I'm not aware of how many locations were already operational at time of their acquisition.

So for Florida they're claiming now probably 30, but are any open? At all?

Ohio is similar, and anyone is free to explore where Ohio is in their process at the moment.

Brief MI disclaimer:
Aware of, familiar, and personally have known MI operators for decades now but have always had a limited interest due to "caregiver model", as well as enforcement from county to county. The "caregiver model" being extremely patient/caregiver friendly (personal cultivation rights, as well as caregiver may cultivate for patients, etc.) Favorable to "smaller" operators, but slightly less for larger. Note: One should not underestimate the power of smaller plant counts. 72 plant operation if done well could easily pull 100 units (lbs) every 70 days, which up until recently could very well have been $300-400k.

That being said, while a little work and requests here and there, I'm not encyclopedic on MI regs, but I do believe I have heard something along those lines, but there are many (endless) ways in which one can circumvent virtually any and every restriction that is in place at any given time, in any state program regs through a little creativity and strategy.

So regarding exactly what is "operational/operating", the above is a hint.....Florida status, Ohio status, MI above (unable to verify presence)...and as stated, PCann not a "premier" player, only half of their operations stated as operational, and the other half that are may not be as well. There is another company, as above making such statements, and I know for a fact that company is overstating and they have facilities and licenses sitting.

My issue being accurately presenting what exactly one has to investors and the market.

There are many ways to address (and overcome) a potential MI restriction as above. (Property Ownership and Leases, Management entities/Consulting fee's, Contract purchases over certain time periods when needed as when a residency requirement in place, and so on.....)