On January 14, 2020, MedMen Enterprises Inc. announced the completion of a multiple tranche non-brokered private placement of 46,962,648 Class B subordinate voting shares at a price of US$0.43 per share, for aggregate gross proceeds of approximately US$20 million and the execution of definitive documentation amending its existing US$78 million senior secured term loan with funds managed by Stable Road Capital and its affiliates.
Cassels acted for MedMen Enterprises with a deal team that included Shaun Khullar (Securities and Cannabis).