Ascend Wellness to acquire New York operations from MedMen for $88m.

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.