MedMen Gets Support From Gotham Green, Withdraws Guidance Due To Coronavirus

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 …

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