Announced
Financials
Sources
Tags
United States
Acquisition
Private
cannabis
Pending
Friendly
Single Bidder
Domestic
Drug Retailers
Majority
Synopsis
Ascend Wellness, a cannabis operator that owns and operates cultivation facilities, agreed to acquire New York operations from MedMen, a cannabis company for $88m. “This resolution is a clear win for MedMen shareholders, as the company will receive $15m in additional value. This resolution enables MedMen to move forward with plans to significantly restructure its balance sheet, reduce debt, and focus on its core markets," Michael Serruya, MedMen Chairman.
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