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Tag Archives: Stable Road Capital

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MedMen Real Estate Assets Seed New Investment Vehicle

MedMen Real Estate Assets Seed New Investment Vehicle
MedMen Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQB: MMNFF) (FSE: A2JM6N) today announced that it has reached agreement to sell a significant portion of its real estate assets to the newly formed Treehouse Real Estate Investment Trust (“Treehouse”). Treehouse is a real estate investment vehicle that capitalizes on the cannabis industry’s continued growth; initial investors include real estate firms New England Development, Samuels & Associates and Visconsi Companies, in partnership with Stable Road Capital.
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MedMen Increases Term Loan Facility to C$100 Million

MedMen Increases Term Loan Facility to C$100 Million
MedMen Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQB: MMNFF) (FSE: A2JM6N) announced today that it has closed an additional tranche of its previously announced senior secured term loan (the “Facility”) with funds managed by Hankey Capital and an affiliate of Stable Road Capital (the “Lenders”). Pursuant to the terms of the Facility, the principal amount of the loan has been increased by C$5,661,920 to C$99,952,190. The principal amount under the Facility will accrue interest at a rate of 7.5 percent per annum, paid monthly, with a maturity date of 24 months following the date of closing. The proceeds from the Facility will be used for acquisitions, capital expenditures and other corporate expenses.
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MedMen Closes C$94 Million Term Loan at 7.5% Interest

MedMen Closes C$94 Million Term Loan at 7.5% Interest
MedMen Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQB: MMNFF) (FSE: A2JM6N) announced today that it has closed a C$93,822,023 (US$73,275,000) senior secured term loan facility (the “Facility”) with funds managed by Hankey Capital and with an affiliate of Stable Road Capital as the largest loan participant.
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