Cannabis retailer MedMen Enterprises Inc. (CSE: MMEN) (OTC: MMNFF) said Monday it has closed on $12.5 million in extra gross proceeds as part of its $250 million senior secured convertible debt facility led by Gotham Green Partners associated funds.
Under the facility, Gotham Green Partners with related partners and other co-investors have supported the company with a total of $147.5 million.
MedMen also said that together with its subsidiary MM CAN USA Inc., it’s co-issuing extra senior secured convertible notes to the lenders under the facility. The conversion price per class B subordinate voting share is set to 26 cents per share.
Furthermore, the cannabis company will also issue the lenders …