US: MedMen continues restructuring efforts, considers sales of assets

MedMen has retained ATB Capital Markets Inc. (“ATB”) to assist in the strategic review and potential sale of one or more of the Company’s non-core assets in Arizona, Illinois, and Nevada. ATB will assist MedMen in evaluating opportunities to divest certain retail and cultivation assets in order to bolster liquidity and maximize shareholder value with an asset-light model.

Assets under strategic review include:

  • Arizona: vertically integrated operations comprising of one dispensary located in Scottsdale and a 20,000 sq. ft. cultivation and production facility located in Mesa
  • Illinois: two dispensaries located in Oak Park and Morton Grove
  • Nevada: two dispensaries located in Las Vegas
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