Brief: Tilray Acquires Majority Position In Amended Medmen Convertible Notes

Medmen Enterprises

17/08/2021 21:37

Aug 17 (Reuters) - Medmen Enterprises Inc  MMEN.CD :
    * TILRAY ACQUIRES MAJORITY POSITION IN AMENDED MEDMEN
CONVERTIBLE
NOTES
    * TILRAY INC - INVESTMENT PROVIDES TILRAY A POTENTIAL
ACCELERATED
PATH INTO U.S. CANNABIS MARKET UPON FEDERAL LEGALIZATION
    * TILRAY INC - AMENDMENT AND EXTENSION OF CONVERTIBLE NOTES
ENABLES MEDMEN TO RESHAPE BALANCE SHEET AND FURTHER ACCELERATE
ITS GROWTH TRAJECTORY
    * TILRAY INC -  A NEWLY FORMED LIMITED PARTNERSHIP ACQUIRED
ABOUT
U.S. $165.8 MILLION OF NOTES AND WARRANTS, ALL OF WHICH WERE
ORIGINALLY ISSUED BY MEDMEN
    * TILRAY INC - MEDMEN DID NOT RECEIVE ANY PROCEEDS FROM
TRANSFER
OF NOTES

Source text for Eikon:  ID:nBw678WlGa 
Further company coverage:  MMEN.CD