King dispensary in Scottsdale has actually formally opened under MedMen’s management, and will eventually be rebranded as a MedMen store. In October, MedMen revealed it had signed an arrangement to get control of the dispensary and other assets.
” As we seek to operationalize the acquisitions we have made in recent months, our team has concentrated on prompt and smooth shifts,” stated Adam Bierman, MedMen chief executive and co-founder. “From the finalizing of the letter of contract in October to opening our first dispensary in Arizona, we have actually had the ability to trigger in a matter of weeks. It is testament to the quality of our team and I could not be prouder of our staff.”
The acquisition of Emperor likewise consisted of the acquisition of co-manufacturing and licensing agreements in Arizona for the cannabis brands Kiva, Mirth Provisions and HUXTON.
Queen was the very first dispensary to break ground in Scottsdale. In addition to the dispensary, MedMen now operates a 20,000-square-foot cultivation and manufacturing center in Mesa, which presently disperses top quality products to over 60 dispensaries in the state.
MedMen paid roughly 80% in stock and 20% in cash for the assets. The stock factor to consider will be pleased by method of issuance of shares of MedMen Enterprises, Inc.
. AP Photo/Steven Senne