• 🌎 Worldwide
    • πŸ‡ΊπŸ‡Έ U.S.
    • πŸ‡¨πŸ‡¦ Canada
    • πŸ‡¬πŸ‡§ United Kingdom
    • 🌏 Asia
    • 🌍 Europe
    • 🌎 Latin America
    • 🌏 Oceania and Australasia
The Daily Marijuana Observer
SUBSCRIBE
  • Home
  • Latest
  • Business
  • Investments
  • Law
  • People
  • Health
  • Databases
No Result
View All Result
The Daily Marijuana Observer
  • Home
  • Latest
  • Business
  • Investments
  • Law
  • People
  • Health
  • Databases
No Result
View All Result
The Daily Marijuana Observer
No Result
View All Result
Home Investments

MedMen Enterprises Files Prospectus to Raise $500 Million CAD

MedMen Enterprises Inc. filed a final short form base shelf prospectus with the securities regulatory authorities in each of the provinces and territories of Canada.

Steven Lachard by Steven Lachard
March 28, 2019
in Canada, Investments, Marijuana Stocks, United States
MedMen Enterprises Inc. (CSE:MMEN) (OTC:MMNFF) Files Prospectus to Raise $500 million CAD

Photo Credit - RebeccaMUA via Reddit

136
SHARES
ShareShare

Just days after MedMen Enterprises Inc. (CSE:MMEN) (OTC:MMNFF) announced a senior secured convertible credit facility of up to $250,000,000 USD from funds managed by Gotham Green Partners, the U.S.-focused multi-state cannabis operator is coming back to the capital markets for more money.

MedMen’s Offering Details

According to the announcement from MedMen this morning, the shelf prospectus will, subject to securities regulatory requirements, allow MedMen Enterprises to make offerings of up to $500 million CAD of any combination of Class B subordinate voting shares, preferred shares, debt securities, subscription receipts, warrants, and units during the 25-month period that the shelf prospectus, including any amendments thereto, remains valid.

Why Does MedMen Need More Money?

MedMen has money, but it needs more to facilitate mergers and acquisitions. In the current marijuana market climate, the companies with access to capital are the ones rolling up their competitors to create the massive cannabis conglomerates that we will all come to know and love.

According to the release from MedMen, “The nature, size and timing of any such offerings (if any) will depend, in part, on the Company’s assessment of its requirements for funding and general market conditions. Unless otherwise specified in a prospectus supplement relating to a particular offering of Securities, the net proceeds from any sale of any Securities are expected to be used for general corporate purposes, including funding ongoing operations and/or working capital requirements, to repay indebtedness outstanding from time to time, discretionary capital programs and potential future acquisitions.”

Conclusion

As MedMen continues to make moves in the marijuana industry, capital is key. While dilution is inevitable under the structure of this offering, Wall Street is still bullish. Northland Securities, Inc. Managing Director and Senior Research Analyst covering Special Situations, Paul Penney, recently reiterated his buy rating on shares of MedMen Enterprises Inc. with a very bullish price target.

That said, these things are always subject to change. Be sure to subscribe to updates here so you never miss an important development.

Disclaimer: This article shall not and does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, MedMen Enterprises Inc. securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The securities mentioned above have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements.

Share this:

  • Click to email this to a friend (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on Pocket (Opens in new window)
Tags: CSE:MMENMedMen Enterprises Inc.Multi-State OperatorOTC:MMNFF

Get Real-Time Updates from MJobserver.com

Unsubscribe
Steven Lachard

Steven Lachard

Steven Lachard is a staff writer for MJobserver.com with a particular focus on marijuana stocks. Beyond MJobserver.com, Steven's pot stock insights have been featured on TalkMarkets.com and more.

Related Posts

Green Thumb Industries Inc. Stock News
Executives

Green Thumb Industries Expands Independent Governance with Appointment of Swati Mylavarapu to Board of Directors

April 7, 2021
Verano Holdings Cannabis Stock News
Investments

Verano Holdings Shares Approved to Trade on OTC Markets Under the Symbol VRNOF

April 6, 2021
Verano Holdings Cannabis Stock News
Ohio

Verano Holdings Expected to Maximize Ohio Footprint with Agreement to Acquire Dayton Dispensary, Mad River Remedies

April 1, 2021
Arizona Cannabis News
Arizona

Verano Holdings Enters into Agreement to Expand Arizona Footprint

February 24, 2021
Green Thumb Industries Inc. Stock News
Investments

Green Thumb Industries Announces Initial Public Offering in the U.S. to Raise US$100,000,000

February 9, 2021
Cannabis News - Marijuana Becomes Legal in Michigan Starting December 6th
Investments

Acreage Announces Fourth Quarter And Full Year 2020 Earnings Date

February 8, 2021
Load More
Next Post
Vireo Health Expands National Footprint with Acquisition of New Mexico Medical Cannabis Company

Vireo Health Expands National Footprint with Acquisition of New Mexico Medical Cannabis Company

Leave a Comment! Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

🚨 Subscribe to Stock Alerts

Get Live Updates on Breaking News

Subscribe Now

βœ‰οΈ Subscribe to Our Newsletter!

* indicates required

πŸ”Ž Search Marijuana Stocks

πŸ“° Recent News

  • Aleafia Health Launches Everyday Cannabis Brand Divvy
  • Green Thumb Industries Expands Independent Governance with Appointment of Swati Mylavarapu to Board of Directors
  • Healixa Inc. Appoints Kealy Altman as Vice President of Marketing
  • MediPharm Labs Achieves Export Milestone, Ships Cannabis Oil from Australia to Germany
  • Verano Holdings Shares Approved to Trade on OTC Markets Under the Symbol VRNOF
Facebook Twitter Instagram LinkedIn Youtube

Cannabis News by Region

  • πŸ‡ΊπŸ‡Έ United States
  • πŸ‡¨πŸ‡¦ Canada
  • πŸ‡¬πŸ‡§ United Kingdom
  • 🌏 Asia
  • 🌍 Europe
  • 🌎 Latin America
  • 🌏 Oceania and Australasia

Cannabis Tools & Resources

  • πŸ“… Calendar
  • πŸ“Š Databases
  • πŸ“‡ Directories
  • πŸ”” RSS Feeds
  • πŸ“Ί Videos

Find Cannabis Business Services

  • βš–οΈ Attorneys & Law Firms
  • πŸ“Š Accountants & Accounting Firms
  • πŸ’‘ Consultants & Consulting Firms
  • πŸ“² Marketing Agencies & Firms

The Daily Marijuana Observer

  • Subscribe
  • About MJobserver.com
  • Affiliate Marketing Disclosure
  • Legal Disclaimer
  • Privacy Policy
  • Contact Us

Advertise with Us

  • πŸ‘€ Advertise
  • πŸ“£ DMO Newswire
  • πŸ“‡ List in Our Databases

Β© 2018 - 2021 D.M.O. Holdings Corp.
DISCLAIMER: DMO Holdings Corp., which owns The Daily Marijuana Observerβ„’ (MJobserver.com), is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. DMO Holdings Corp., which owns MJobserver.com, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. DMO Holdings Corp. or its affiliates, which owns MJobserver.com, may be compensated for its services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two.

No Result
View All Result
  • Home
  • Latest
  • πŸ”’ PRO
    • πŸ”’ A.M. Watchlist
    • πŸ”’ Analyst Action
  • πŸ’Ό Business
  • πŸ“ˆ Investments
    • πŸ“ˆ Stocks
    • πŸ’° ETFs and Funds
    • πŸ’­ Market Commentary
    • πŸ“° Press Releases
    • πŸ“… Earnings Calendar
  • βš–οΈ Law
    • Laws
    • Politics
    • Intellectual Property
    • Attorneys & Law Firms Database
  • πŸ‘₯ People
    • ⚽ Athletes
    • πŸ’Ό Executives
    • 🌟 Celebrities
    • πŸ›’ Consumers
    • βš•οΈ Doctors
    • πŸ’Š Patients
  • πŸ’Š Health
  • πŸ“‡ Databases
    • πŸ“ˆ Stock Databases
    • πŸ’° Fund Databases
    • πŸ’Ό Service Providers Databases
    • 🏦 Marijuana Stock Brokers
    • πŸ’² Marijuana Cryptocurrencies

Β© 2018 - 2021 D.M.O. Holdings Corp.
DISCLAIMER: DMO Holdings Corp., which owns The Daily Marijuana Observerβ„’ (MJobserver.com), is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. DMO Holdings Corp., which owns MJobserver.com, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. DMO Holdings Corp. or its affiliates, which owns MJobserver.com, may be compensated for its services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.