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MedMen Unveils New San Francisco Store in Partnership With Mirage Medicinal
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
partnership
Rhea-AI Summary
MedMen Enterprises Inc. (OTCQX: MMNFF) announced the opening of its new retail store in San Francisco’s Cow Hollow neighborhood, in partnership with Mirage Medicinal. Located at 1861 Union Street, the store spans 3,222 square feet and aims to enhance community engagement in cannabis culture. The partnership leverages Mirage Medicinal's local knowledge and MedMen's resources to provide a diverse product range. Customers can purchase items in-store or via online orders. MedMen operates across multiple states, focusing on quality cannabis products and services.
Positive
Opening of a new store in San Francisco, enhancing market presence.
Partnership with local equity-licensed partner Mirage Medicinal, leveraging local expertise.
Expansion of product offerings, including premium brands.
Negative
None.
LOS ANGELES--(BUSINESS WIRE)--
MedMen Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQX: MMNFF), a leading cannabis retailer with operations across the nation, today announced the opening of its newest store location on Union Street in San Francisco’s Cow Hollow neighborhood. Occupying 3,222 square feet of prime retail space at 1861 Union Street, MedMen Union Street marks the Company’s inaugural partnership with equity-licensed partner Mirage Medicinal, led by Malcolm Joshua Weitz. Weitz, a Mission District native and founder of Mirage Medicinal, will serve as CEO and part owner of the MedMen Union Street location.
“MedMen is thrilled to collaborate with San Francisco-born and built cannabis and lifestyle brand Mirage Medicinal on our newest storefront on Union Street. Malcolm has an intimate understanding of San Francisco's legacy scene and its needs, and in joining forces, we’re empowered to better serve this community,” said Michael Serruya, MedMen Chairman and Interim CEO. “A brand rooted in advocacy, grassroots activism and a relentless drive to create a more equitable industry, Mirage Medicinal is an integral part of San Francisco’s cannabis culture, and we’re honored to partner with them.”
Added Weitz, “We entered into discussions with MedMen back in 2018, when I had just gotten out of jail and was looking to turn my legacy business into a legal venture. Equity rules allow a local independent cannabis entrepreneur to partner with large firms to open individual shops, which quickly became crucial given the steep costs of rent, architecture fees, legal fees, licensing and more. It’s been a long road, but the lessons we’ve learned in this journey have been invaluable. Together, we look forward to bringing a diverse range of products and unparalleled standard of patient care to Cow Hollow.”
MedMen Union Street will carry a full inventory of vaporizers, concentrates, pre-rolls, topicals and flower, including an array of high cannabinoid and terpene offerings and a diverse selection of brands such as Kiva, Alien Labs, Mirage Medicinal and more. These premium products will be available in-store or through in-store pickup orders placed in advance via MedMen’s proprietary online ordering service.
MedMen is a premier American cannabis retailer with an operational footprint in California, Nevada, Illinois, Arizona, Massachusetts, and Florida. MedMen offers a robust selection of high-quality products, including MedMen-owned brands MedMen Red and LuxLyte through its premium retail stores, proprietary delivery service, as well as curbside and in-store pickup. 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.
