MedMen Pens $33 Million Deal to Expand its Reach in Arizona Cannabis Market
Written by: Lisa Bernard-Kuhn – Marijuana Business Daily
Los Angeles-based MedMen inked a $33 million deal to acquire an Arizona-based vertically integrated marijuana firm.
The cash and stock deal will give MedMen a controlling interest in cannabis cultivator, producer and retailer Kannaboost Technology and CSI Solutions – referred to collectively as Level Up.
Here are the basics behind the deal:
In June, MedMen announced it was snapping up assets in Florida.