MEDMEN ENTPRS B SUB VTG - MMNFF STOCK NEWS

MedMen Enterprises Inc. (CSE: MMEN, OTCQX: MMNFF) has appointed Ana Bowman as Chief Financial Officer, effective February 22, 2022. She succeeds interim CFO Reece Fulgham, who will return to consulting. Bowman has extensive cannabis industry experience, having served as Vice President of Financial Reporting at Tilray Brands (NASDAQ: TLRY). MedMen operates across several states in the U.S. and offers a variety of cannabis products through its retail stores and loyalty program.

MedMen Enterprises Inc. (CSE: MMEN, OTCQB: MMNFF) announced the resignation of Tracy McCourt, the Chief Revenue Officer, effective March 4, 2022. The company acknowledged her contributions over the past 14 months and wished her well in future endeavors. MedMen is recognized as a major cannabis retailer in the U.S., with operations in California, Nevada, Illinois, Arizona, Massachusetts, and Florida, offering premium products and services including a loyalty program for consumers.

MedMen Enterprises Inc. (CSE: MMEN, OTCQX: MMNFF) announced an extension to the maturity date of its term loans totaling approximately US$114.3 million. The new deadline is pushed back by six months to allow the company to maximize asset value. As part of the agreement, MedMen will prepay US$20 million and issue US$1 million in Class B Subordinate Voting Shares as a fee. Furthermore, holders of convertible notes will receive 6,682,567 warrants to maintain ownership interest. The amendments require that asset sales lead to mandatory prepayments.

MedMen Enterprises (CSE: MMEN, OTCQX: MMNFF) has launched the Cannasseur Personal Concierge Service, now available in California, Nevada, Arizona, and Florida. This new service connects customers with experienced budtenders for personalized consultations on cannabis products. The Cannaseurs, extensively trained in various aspects of cannabis, will guide customers through product selections based on their preferences. MedMen aims to enhance the retail experience by providing tailored sessions to meet individual needs.

MedMen Enterprises Inc. (CSE: MMEN, OTCQX: MMNFF) announced the promotion of Tyson Rossi to Chief Strategy Officer. Rossi, who has been with the company since 2019, previously served as Senior Vice President, Product and Revenue. With over 25 years of experience in global brand strategy and cannabis operations, he will lead MedMen's strategic direction and product oversight. Interim CEO Michael Serruya expressed confidence in Rossi’s ability to drive the company's growth and profitability as it evolves its retail experience.

MedMen Enterprises Inc. (CSE: MMEN, OTCQB: MMNFF) announced the appointment of Tracy McCourt as President of Emerald Village West Hollywood, a marketing organization for licensed cannabis businesses. Emerald Village, established in 2021, aims to enhance the cannabis industry in West Hollywood by providing diverse attractions and experiences. McCourt expressed pride in promoting the city's cannabis culture and collaborating with local retailers. MedMen operates in multiple states, offering premium cannabis products and services.

MedMen Enterprises Inc. (CSE: MMEN, OTCQX: MMNFF) has announced the addition of Fog City Farms products to its portfolio, starting January 23. Based in Santa Cruz, Fog City Farms specializes in sustainably grown cannabis, offering unique small-batch strains. This includes a limited-edition collaboration with Hashbone featuring premium, solventless hash-infused pre-rolls. The expansion is part of MedMen's strategy for post-turnaround growth, focusing on high-quality products and customer satisfaction.

MedMen Enterprises Inc. (CSE: MMEN, OTCQX: MMNFF) has formally terminated its Investment Agreement with Ascend Wellness Holdings, Inc. (AWH) regarding AWH's planned investment in MedMen's New York operations, initially announced on February 25, 2021. This decision indicates a shift in MedMen's strategic direction amidst evolving market conditions. The company operates in multiple states, providing a variety of cannabis products and services through its retail outlets and loyalty programs.

MedMen Enterprises Inc. (CSE: MMEN, OTCQX: MMNFF) announced the opening of a new store in Boston's Fenway Park area, expanding into Massachusetts' adult-use cannabis market. This 4,725 square foot retail space will feature a wide selection of cannabis products, including vaporizers, concentrates, and topicals. A grand opening celebration is set for December 22, offering promotional pricing. This launch represents a significant step in MedMen's aggressive growth strategy as it aims to enhance its presence in key markets.