MedMen Enterprises Inc. Retains Moelis & Company LLC as Financial Advisor

Rhea-AI Summary

MedMen Enterprises Inc. (CSE: MMEN, OTCQX: MMNFF) has engaged Moelis & Company LLC as its financial advisor to explore strategic alternatives aimed at enhancing the Company's future prospects and maximizing stakeholder value. CEO Tom Lynch expressed enthusiasm about the partnership, highlighting its importance for MedMen's professional growth and its commitment to serving customers, employees, and shareholders effectively. MedMen operates prominent cannabis retail locations across key U.S. cities, offering a diverse range of products and a customer loyalty program.

Positive

• Engagement of Moelis & Company LLC as a financial advisor to explore strategic options.
• CEO Tom Lynch emphasizes commitment to maximizing shareholder value.
• MedMen operates flagship cannabis retail locations in major U.S. cities.

Negative

• None.

MedMen Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQX: MMNFF), a cannabis retailer with operations across the U.S., today announced that it has engaged Moelis & Company LLC as its financial advisor to assist the Company in analyzing various strategic alternatives to position the Company for future success and to maximize stakeholder value.

In connection with the announcement, Tom Lynch, Chairman and Chief Executive Officer of MedMen, noted, “We are thrilled to partner with Moelis as our financial advisor; it’s a testament to the professionalization of MedMen and the cannabis industry that we are working with advisors of this caliber to maximize value and strengthen the Company for our customers, our employees, and our shareholders.”

About MedMen

MedMen is a U.S. cannabis retailer with flagship locations in Los Angeles, Las Vegas, Chicago, 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 at www.medmen.com.

Source: MedMen Enterprises

View source version on businesswire.com: https://www.businesswire.com/news/home/20210208005944/en/

FAQ

What is the recent announcement by MedMen Enterprises Inc. regarding financial advisory?

MedMen has engaged Moelis & Company LLC as its financial advisor to explore strategic alternatives for maximizing stakeholder value.

Who is the financial advisor appointed by MedMen Enterprises Inc.?

Moelis & Company LLC has been appointed as the financial advisor for MedMen Enterprises Inc.

What is the stock symbol for MedMen Enterprises Inc.?

The stock symbols for MedMen Enterprises Inc. are MMEN on CSE and MMNFF on OTCQX.

What is the goal of MedMen's engagement with Moelis & Company?

The goal is to analyze strategic alternatives to position MedMen for future success and maximize stakeholder value.