Green Sentry Holdings LLC agreed to acquire Substantially All of the Florida Assets of MedMen Enterprises Inc. (CNSX:MMEN) for $83 million on February 28, 2022. The purchase was funded with the proceeds of a non-brokered equity raise and a $30 million debt facility from a private lender. The transaction is subject to customary closing conditions, including applicable regulatory approvals. The transaction is subject to pending receipt of all required contractual consents and governmental approvals including the requisite change of ownership approval from the Florida Office of Medical Marijuana Use and it is expected to close in late April or early May 2022. The agreement may be terminated, if the agreement is illegal or prohibited by the law, or if any of the conditions have not been satisfied by July 31, 2022. Hyperion Capital Inc. provided a fairness opinion to the special committee of the board of directors of MedMen. During the Transaction, Green Sentry was represented by Greg McLaughlin of Tripp Scott, P.A. as well as Jeffrey Schlutz from Feuerstein Kulick LLP.

Green Sentry Holdings LLC completed the acquisition of Substantially All of the Florida Assets of MedMen on August 22, 2022. The deal is comprised of $63 million in cash and approximately $4 million in liabilities to be assumed by the buyer. The deal also includes the license of MedMen's trademarks in the state.