MedMen Announces Tom Lynch Elected as Chairman of the Board

Rhea-AI Summary

MedMen Enterprises, a prominent U.S. cannabis retailer, has announced the election of Tom Lynch as Chairman of the Board, effective immediately. Lynch is currently serving as the interim CEO of MedMen and joined the Board in November. His predecessor, Ben Rose, has resigned from both his roles as Chairman and as a Board member. MedMen operates flagship retail locations across several states and offers various high-quality cannabis products, including its own brands and a unique loyalty program called MedMen Buds.

Positive

• Tom Lynch's election as Chairman could provide leadership stability.
• MedMen's diverse product offerings and loyalty program may enhance customer engagement.

Negative

• Ben Rose's resignation may indicate potential governance issues or instability within the leadership.

MedMen Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQX: MMNFF), a leading cannabis retailer with operations across the United States, today announced that Tom Lynch has been elected as Chairman of the Board of Directors, effective immediately. Lynch currently serves as the interim Chief Executive Officer for MedMen and was elected to the Board of Directors in November.

Ben Rose has resigned as Chairman of the Board of Directors and as a Board member.

ABOUT MEDMEN

MedMen is a cannabis retailer with flagship locations in California, Nevada, Illinois, Florida, and New York. MedMen offers a robust selection of high-quality products, including MedMen-owned brands [statemade], LuxLyte, and MedMen Red through its premium retail stores, proprietary delivery service, as well as curbside and in-store pick up. MedMen Buds, an industry-first loyalty program, provides exclusive access to promotions, product drops and content. MedMen believes that a world where cannabis is legal and regulated is safer, healthier and happier. Learn more about MedMen and The MedMen Foundation at www.medmen.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201216005304/en/

FAQ

Who has been elected as the new Chairman of MedMen?

Tom Lynch has been elected as the new Chairman of MedMen, effective immediately.

What position does Tom Lynch currently hold at MedMen?

Tom Lynch is currently serving as the interim Chief Executive Officer of MedMen.

What states does MedMen operate in?

MedMen operates flagship locations in California, Nevada, Illinois, Florida, and New York.

What happened to Ben Rose at MedMen?

Ben Rose has resigned as Chairman of the Board of Directors and as a Board member.

What is the significance of the MedMen Buds loyalty program?

MedMen Buds is an industry-first loyalty program that provides exclusive access to promotions and products.