MedMen Announces US$20 Million Financing Commitments – Designated News Release

MedMen Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQX: MMNFF), a leading cannabis retailer with operations across the U.S., today announced financing commitments totaling over US$20,000,000 from existing lenders and institutional investors. The commitments include (1) US$10,000,000 in gross proceeds under a new unsecured convertible facility, (2) US$5,700,000 in additional gross proceeds under its senior secured term loan led by Stable Road Capital and (3) US$5,000,000 in additional gross proceeds under its senior secured convertible facility led by Gotham Green Partners.

“We are pleased with the continued support from our existing capital partners as we continue our recent track record of execution,” said MedMen Executive Chairman, Ben Rose. “The financing package is a significant milestone for the Company and is a reflection of the commitment the Company has made to strengthen the balance sheet, accelerate its path to profitability and sustainability and focus on its core retail business. We look forward to continue expanding the MedMen brand.”

Unsecured Convertible Facility:

The Company entered into a US$10,000,000 unsecured convertible debenture facility (“Convertible Facility”) with certain institutional investors (collectively, the “Investors”). On September 16, 2020, the Company closed on an initial US$1,000,000 (“Initial

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