MedMen Announces $100M Equity Investment On Heels Of Tilray Buying Its Convertible Debt, Deal Led By Serruya Private Equity

retailer MedMen Enterprises Inc. (CSE: MMEN) (OTCQX: MMNFF) has secured $100 million in financing through a private placement of its units.

Investors, led by Serruya Private Equity, agreed to purchase $100 million of the Los Angeles-based company's units at a purchase price of $0.24 per unit.

Under the transaction, each unit issued to certain investors consists of one Class B subordinate voting share and one quarter share purchase warrant enabling the holder to purchase MedMen's shares for a period of five years from the date of issuance at $0.288 per share.

In addition, each unit issued to certain SPE purchasers includes one share and one-quarter of one warrant plus …

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