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The MedMen of Nevada 2 LLC Distributes to Members Shares Redeemable for Class B Subordinate Voting Shares of MedMen Enterprises Inc.

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The MedMen of Nevada 2 LLC (the "Securityholder"), located at
10115 Jefferson Blvd, Culver City, CA 90232, announced today that on September
5
, 2018 it disposed of, by way of distribution in accordance
with its constating documents to the members of the Securityholder,
16,574,460 Class B Common Shares ("Class B Shares") of MM Can
USA, Inc. ("PC Corp"), a subsidiary of MedMen Enterprises Inc.
(the "Issuer"), which is located at 10115 Jefferson Blvd, Culver
City, CA 90232.

Pursuant to the articles of incorporation of PC Corp and the Support
Agreement dated as of May 28, 2018 between the Issuer, PC Corp and MM
Enterprises USA, LLC (the "LLC"), and subject to the terms and
conditions thereof, such distributed Class B Shares (the "Distributed
Shares
") may be redeemed from time to time by the holders thereof
for cash or an equivalent number of Class B Subordinate Voting Shares
(the "Subordinate Voting Shares") of the Issuer, with the form of
such redemption consideration being at the option of PC Corp.

The Distributed Shares represent ownership and control of approximately
26% of the Issuer's issued and outstanding Subordinate Voting Shares on
a partially-diluted basis and approximately 4% on a fully-diluted basis.
The Securityholder does not currently own or control any Subordinate
Voting Shares or any other securities of the Issuer, PC Corp or the LLC.

The distribution by the Securityholder to its members of the Distributed
Shares was made in connection with the wind-up of the Securityholder's
operations.

For further information, please contact Investor Relations, MedMen
Enterprises, at investors@medmen.com.

This press release is issued pursuant to National Instrument 62-103 – The
Early Warning System and Related Take-Over Bid and Insider Reporting
Issues
, which requires a report to be filed on SEDAR (www.sedar.com)
containing additional information with respect to the foregoing matters.
A copy of this report may be obtained by contacting Investor Relations,
MedMen Enterprises, at investors@medmen.com.

ABOUT MEDMEN:

MedMen Enterprises is a leading cannabis company in the U.S. with assets
and operations across the country. Based in Los Angeles, MedMen brings
expertise and capital to the cannabis industry and is one of the
nation's largest financial supporters of progressive marijuana laws.
Visit http://www.medmen.com

SOURCE: MedMen Enterprises

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