On April 24, 2024, MedMen Enterprises Inc. (the “Company” or “MedMen“) filed an assignment into bankruptcy pursuant to the Bankruptcy and Insolvency Act (“BIA“) and B. Riley Farber Inc. (“B. Riley Farber“) was appointed as Trustee in Bankruptcy.
Status Updates
Canadian Bankruptcy Proceedings
The First Meeting of Creditors is scheduled to be held via ZOOM videoconference on May 14, 2024, at 5:00PM (EDT) (2:00 PM PDT) using the following details:
ZOOM Link:
https://zoom.us/j/99636538523?pwd=a3NidHFUUFptZ1E0d2hMY2FXbVFhUT09
Meeting ID: : 996 3653 8523
Passcode: 559032
Dial-in option: +17789072071,,99636538523#,,,,*559032#
To participate at this meeting you are required to file a Proof of Claim with the Trustee prior to the time called for the meeting. Links to relevant documents can be found below.
It is anticipated that there will be no assets available to the creditors of MedMen and consequently there will be no value to the shareholders.
Shareholders are not required to complete a proof of claim for their investment losses in the common shares as the proof of claim forms are only required for creditors of MedMen.
U.S. Receivership Proceedings
Prior to the bankruptcy of MedMen, on April 23, 2024, MedMen’s subsidiary, MM CAN USA, Inc. was placed into receivership in California.
If you are a creditor of the US subsidiaries for the company’s operations in the United States, then you are not required to participate in the Canadian bankruptcy administration.
Separate stakeholder communications will be issued in the U.S. receivership proceedings.
Creditor Inquiries
For creditor inquiries, please contact:
Erin Merrick
Corporate Insolvency Administrator | Restructuring
T: 437.294.4618
E: [email protected]
The case updates and court filed documents on this website are for information purposes only and you should consult your financial or legal adviser if you have any questions or concerns about your rights or obligations. Additional updates on the status of these proceedings may become available in the future.
Documents
Bankruptcy Documents
• Certificate of Appointment – April 24, 2024
• Statement of Affairs – April 24, 2024
• Creditors Package – April 25, 2024
• Press Release – April 26, 2024
• Trustee’s Preliminary Report – May 14, 2024