Market Overview

MedMen Secures Prime Real Estate in Florida, Closes Treadwell Acquisition

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MedMen
Enterprises Inc
. ("MedMen" or the "Company") (CSE:MMEN) (OTCQB: MMNFF) (FSE: A2JM6N), announced today it has secured prime retail
locations with long term leases in Ft. Lauderdale, Miami Beach, West
Palm Beach, St. Petersburg and Key West. The company continues to expand
its footprint in premium retail districts with high visibility and heavy
foot traffic.

Florida is the third most populous state in the U.S. with a rapidly
growing medical cannabis market and large potential adult use market.
The state has high tourist activity and is home to the largest elderly
community in the nation. According to Arcview, medical cannabis sales
are estimated to be approximately US$1.4 billion by 2021.

The company also has completed the transaction it announced on June 6,
2018, acquiring a dispensary and cultivation license (the "License") and
related assets from Florida based Treadwell Simpson Partnership and
affiliates ("Treadwell Nursery"). The License permits the Company to
open 30 (and up to 35 if certain conditions are met) medical marijuana
dispensaries in the State of Florida and to conduct cultivation,
delivery and manufacturing operations in the State of Florida. As part
of the transaction, MedMen has also acquired Treadwell Nursery's
cultivation facility situated on five acres near Orlando. The License is
one of only 14 licenses in the state and one of two licenses
strategically located in Central Florida and positioned to service the
entire state from a distribution standpoint.

"Our entry into Florida through this acquisition demonstrates our
growing national footprint as well as our ability to execute," said Adam
Bierman, MedMen chief executive and co-founder. "Our real estate team is
hard at work preparing to put MedMen branded stores in the most coveted
locations in Florida – locations in highly desirable and defensible
market areas with high foot traffic and proximity to popular brand
retailers."

As consideration for the acquisition, the Company will pay US$53
million, half of which is in cash. For the remainder, MedMen has issued
8,549,132 common units of MM Enterprises USA, LLC (the "LLC"), a
subsidiary of the Company (the "Redeemable Units"), which by their terms
are ultimately redeemable for Class B Subordinate Voting Shares of the
Company (the "Subordinate Voting Shares") starting on January 1, 2019.
The LLC has paid Treadwell Nursery US$6,625,000 in cash as of closing
date, September 6, 2018, and will pay the same amounts in cash on each
of the dates that are three, six and nine months after the closing date.

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

Cautionary Note Regarding Forward-Looking Information and Statements

This press release contains certain "forward-looking information"
within the meaning of applicable Canadian securities legislation and may
also contain statements that may constitute "forward-looking statements"
within the meaning of the safe harbor provisions of the United States
Private Securities Litigation Reform Act of 1995. Such forward-looking
information and forward-looking statements are not representative of
historical facts or information or current condition, but instead
represent only MedMen's beliefs regarding future events, plans or
objectives, many of which, by their nature, are inherently uncertain and
outside of MedMen's control. Generally, such forward-looking information
or forward-looking statements can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes", or
variations of such words and phrases or may contain statements that
certain actions, events or results "may", "could", "would", "might" or
"will be taken", "will continue", "will occur" or "will be achieved".
The forward-looking information and forward-looking statements contained
herein may include, but are not limited to, information concerning the
Florida acquisition, expectations regarding the payment of the remaining
cash consideration for the Florida acquisition, expectations for the
effects of the Florida acquisition or the ability of the Company to
successfully achieve business objectives, expectations regarding the
Florida cannabis market and expectations for other economic, business,
strategic and/or competitive factors, including as to the suitability of
the retail locations in Florida secured by the Company in relation to
the Company's business objectives.

By identifying such information and statements in this manner, MedMen
is alerting the reader that such information and statements are subject
to known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or achievements
of MedMen to be materially different from those expressed or implied by
such information and statements. In addition, in connection with the
forward-looking information and forward-looking statements contained in
this press release, MedMen has made certain assumptions. Among the key
factors that could cause actual results to differ materially from those
projected in the forward-looking information and statements are the
following: the ability to make the remaining cash payments as
consideration for the Florida acquisition; the potential impact of the
announcement or consummation of the Florida acquisition on
relationships, including with regulatory bodies, employees, suppliers,
customers and competitors; changes in general economic, business and
political conditions, including changes in the financial markets;
changes in applicable laws; inability to secure appropriate local
permits in a timely manner, higher than anticipated costs of store
construction, stronger than expected competition, compliance with
extensive government regulation; and management's ability to
successfully achieve desired results from the Florida acquisition.
Should one or more of these risks, uncertainties or other factors
materialize, or should assumptions underlying the forward-looking
information or statements prove incorrect, actual results may vary
materially from those described herein as intended, planned,
anticipated, believed, estimated or expected.

Although MedMen believes that the assumptions and factors used in
preparing, and the expectations contained in, the forward-looking
information and statements are reasonable, undue reliance should not be
placed on such information and statements, and no assurance or guarantee
can be given that such forward-looking information and statements will
prove to be accurate, as actual results and future events could differ
materially from those anticipated in such information and statements.
The forward-looking information and forward-looking statements contained
in this press release are made as of the date of this press release, and
MedMen does not undertake to update any forward-looking information
and/or forward-looking statements that are contained or referenced
herein, except in accordance with applicable securities laws. All
subsequent written and oral forward-looking information and statements
attributable to MedMen or persons acting on its behalf is expressly
qualified in its entirety by this notice.

SOURCE: MedMen Enterprises

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