MMNFF - MedMen Sells Arizona And Nevada Cannabis Assets: CEO Explains What's Next | Benzinga
MedMen Enterprises Inc. (OTC:MMNFF) is selling its non-core business operations in Arizona and certain assets in Nevada to an affiliate of Mint Cannabis.
What Happened
Florida-based MedMen said on Wednesday the move was the result of MedMen's previously announced strategic review and evaluation of divestiture opportunities of its non-core assets.
The transactions consist of the sale of MedMen's wholly-owned operating subsidiary in Arizona and its two operating dispensaries located in Clark County, Nevada.
ATB Capital Markets Inc. acted as financial advisor and Raines Feldman Littrell LLP acted as legal advisor to MedMen. CLD Advisory acted as financial advisor to MINT Cannabis.
See also: MedMen Prevails In Lawsuit Against Arizona-Based Whitestar Solutions
Why It Matters
Ellen Deutsch Harrison, who has been serving as MedMen's CEO since July, praised the outcome of the company's strategic ...