{"id":405582,"date":"2020-12-24T15:06:09","date_gmt":"2020-12-24T20:06:09","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=405582"},"modified":"2020-12-24T15:06:09","modified_gmt":"2020-12-24T20:06:09","slug":"medmen-announces-cancellation-of-815295-class-a-super-voting-shares","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/medmen-announces-cancellation-of-815295-class-a-super-voting-shares\/","title":{"rendered":"MedMen Announces Cancellation of 815,295 Class A Super Voting Shares"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>MedMen Announces Cancellation of 815,295 Class A Super Voting Shares<\/b><\/p>\n<p>LOS ANGELES&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nMedMen Enterprises Inc. (CSE: MMEN) (OTCQX: MMNFF) (\u201cMedMen\u201d or the \u201cCompany\u201d), a cannabis retailer with operations across the U.S., today announced that effective as of December 10, 2020, pursuant to the terms and conditions contained in a purchase agreement between MedMen and Andrew Modlin dated January 30, 2020, the remaining 815,295 Class A super voting shares that had been held by Mr. Modlin were automatically cancelled. Concurrently, the proxy that Mr. Modlin had granted to Benjamin Rose in respect of the voting of such shares expired. As a result of the share cancellation, the Company has only one class of outstanding shares, being the Class B subordinate voting shares.\n<\/p>\n<p>\nABOUT MEDMEN:\n<\/p>\n<p>\nMedMen is a cannabis retailer with flagship locations in California, Nevada, Illinois, Florida, and New York. MedMen offers a robust selection of high-quality products, including MedMen-owned brands [statemade], LuxLyte, and MedMen Red through its premium retail stores, proprietary delivery service, as well as curbside and in-store pick up. MedMen Buds, the Company\u2019s loyalty program, provides exclusive access to promotions, product drops and content. MedMen believes that a world where cannabis is legal and regulated is safer, healthier and happier. Learn more about MedMen and The MedMen Foundation at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.medmen.com&amp;esheet=52353668&amp;newsitemid=20201224005213&amp;lan=en-US&amp;anchor=www.medmen.com&amp;index=1&amp;md5=db2ab0269815bca8381ae182aa0506c7\">www.medmen.com<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201224005213r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201224005213\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201224005213\/en\/<\/a><\/span><\/p>\n<p>\nMEDIA CONTACT:<br \/>\n<br \/>Julian Labagh<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:communications@medmen.com\">communications@medmen.com<\/a><\/p>\n<p>\nINVESTOR RELATIONS CONTACT:<br \/>\n<br \/>Reece Fulgham<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:investors@medmen.com\">investors@medmen.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> California United States North America Canada<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Alternative Medicine Retail Health Tobacco Other Health Specialty<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20201224005213\/en\/659546\/3\/Medmen.LogoHorizontalRed.Reg.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>MedMen Announces Cancellation of 815,295 Class A Super Voting Shares LOS ANGELES&#8211;(BUSINESS WIRE)&#8211; MedMen Enterprises Inc. (CSE: MMEN) (OTCQX: MMNFF) (\u201cMedMen\u201d or the \u201cCompany\u201d), a cannabis retailer with operations across the U.S., today announced that effective as of December 10, 2020, pursuant to the terms and conditions contained in a purchase agreement between MedMen and Andrew Modlin dated January 30, 2020, the remaining 815,295 Class A super voting shares that had been held by Mr. Modlin were automatically cancelled. Concurrently, the proxy that Mr. Modlin had granted to Benjamin Rose in respect of the voting of such shares expired. As a result of the share cancellation, the Company has only one class of outstanding shares, being the Class B subordinate &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/medmen-announces-cancellation-of-815295-class-a-super-voting-shares\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;MedMen Announces Cancellation of 815,295 Class A Super Voting Shares&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-405582","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>MedMen Announces Cancellation of 815,295 Class A Super Voting Shares - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/medmen-announces-cancellation-of-815295-class-a-super-voting-shares\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MedMen Announces Cancellation of 815,295 Class A Super Voting Shares - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"MedMen Announces Cancellation of 815,295 Class A Super Voting Shares LOS ANGELES&#8211;(BUSINESS WIRE)&#8211; MedMen Enterprises Inc. (CSE: MMEN) (OTCQX: MMNFF) (\u201cMedMen\u201d or the \u201cCompany\u201d), a cannabis retailer with operations across the U.S., today announced that effective as of December 10, 2020, pursuant to the terms and conditions contained in a purchase agreement between MedMen and Andrew Modlin dated January 30, 2020, the remaining 815,295 Class A super voting shares that had been held by Mr. Modlin were automatically cancelled. Concurrently, the proxy that Mr. Modlin had granted to Benjamin Rose in respect of the voting of such shares expired. As a result of the share cancellation, the Company has only one class of outstanding shares, being the Class B subordinate &hellip; Continue reading &quot;MedMen Announces Cancellation of 815,295 Class A Super Voting Shares&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/medmen-announces-cancellation-of-815295-class-a-super-voting-shares\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-24T20:06:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201224005213r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/medmen-announces-cancellation-of-815295-class-a-super-voting-shares\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/medmen-announces-cancellation-of-815295-class-a-super-voting-shares\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"MedMen Announces Cancellation of 815,295 Class A Super Voting Shares\",\"datePublished\":\"2020-12-24T20:06:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/medmen-announces-cancellation-of-815295-class-a-super-voting-shares\\\/\"},\"wordCount\":271,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/medmen-announces-cancellation-of-815295-class-a-super-voting-shares\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20201224005213r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/medmen-announces-cancellation-of-815295-class-a-super-voting-shares\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/medmen-announces-cancellation-of-815295-class-a-super-voting-shares\\\/\",\"name\":\"MedMen Announces Cancellation of 815,295 Class A Super Voting Shares - 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(CSE: MMEN) (OTCQX: MMNFF) (\u201cMedMen\u201d or the \u201cCompany\u201d), a cannabis retailer with operations across the U.S., today announced that effective as of December 10, 2020, pursuant to the terms and conditions contained in a purchase agreement between MedMen and Andrew Modlin dated January 30, 2020, the remaining 815,295 Class A super voting shares that had been held by Mr. Modlin were automatically cancelled. Concurrently, the proxy that Mr. Modlin had granted to Benjamin Rose in respect of the voting of such shares expired. 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