MedMen

The MedMen Announce the Formation of Monthly Medical Cannabis Work Group and Discussions in Nevada

Renowned Medical Marijuana CPA Expert Hank Levy to Be the First at Roundtable Discussion Designed for Sharing Ideas and Meeting Experts.

LAS VEGAS – The MedMen, the first full service consulting and marketing group focused on the Medical Marijuana Industry, is partnering with leading law firm Connor & Connor, PLLC, to host a roundtable discussion on Tuesday, November 5th, with Hank Levy, the principal of The Hank Levy Group, an accounting and consulting firm specializing in income tax planning and tax compliance for individuals, corporations, partnerships, LLCs, trusts, estates, and non-profit clients. The forum will be the first in a series of monthly meetings meant to engage and inform Nevadans through the process for obtaining medical marijuana licenses and preparing for opening. The first discussion will be held at A&B Printing at 2900 S. Highland Drive # 18B in Las Vegas at 5:30pm.

The roundtable will act as a place to network with experts and others participating in the process, as well as a forum for questions and ideas. With the Nevada Medical Marijuana Collective Bill having taken effect in July, medical marijuana is now available to card holders, and requirements have been set for growers, processors, and dispensaries to follow. Yet the road is slow and tricky to navigate; hence, The MedMen have recognized the need for these community meetings. The first special guest is Hank Levy, who has worked with medical cannabis clients since 1998 and now has a roster of over 150 clients. On hand each month, in addition to The MedMen and their special guests, will be representatives from Connor & Connor, PLLC, a law firm that has helped marijuana business operators navigate the muddy waters to ensure that all legal steps are followed properly.

The MedMen was founded by entrepreneurs Adam Bierman and Andrew Modlin in 2010 as a spinoff and subdivision of their successful design consulting firm, ModMan Enterprises, to work with start-up operations and existing businesses in every aspect including: interior design, construction, security, staffing, marketing, graphic design, website design, and legal support. The MedMen have been featured on CNBC, The Wall Street Journal, and many other media outlets, including the cover of Los Angeles Business Journal.

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MedMen Raises $3.75 Million to Launch Operations in Nevada and Illinois

MedMen, Funding Represents the Largest Capital Investment in a Full-Service Cannabis Management Firm in the History of the Marijuana Industry

LOS ANGELES – MedMen, the only turnkey management company providing services for the cannabis industry, is proud to announce that it has secured $3.75 million in financing to launch operations in the states of Nevada and Illinois. The funds will go toward corporate infrastructure and regional MedMen offices in the two states. MedMen’s clients have been awarded an unprecedented 13 licenses for medical marijuana businesses in Nevada, and have 12 applications pending state licensure in Illinois.

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The funding represents the largest capital investment ever in a full-service cannabis management firm. Financing came from several backers, the largest being N Squared Management.

“Our investment in MedMen is based on our assessment of the dynamic growth potential of the marijuana industry,” said Fred Portnoy, President, N Squared Management. “It also reflects the excellent record that MedMen has established in helping more than 100 businesses navigate and succeed in the legal marijuana market.”

The initial $3.75 million investment will be followed by a second round of capital raising, with those funds earmarked to expanding the infrastructure and support for MedMen’s clients as they ramp up their operations in Nevada and Illinois. MedMen will be establishing regional offices in those states to be staffed by executive management that reports back to the LA-based headquarters.

“Raising this capital is a huge achievement for MedMen, but it is also a landmark event for our industry as a whole,” said Adam Bierman, Managing Partner of MedMen. “We have proven that this scale of funding is now possible for a business that ‘touches the plant.'”

About Medmen: Founded in 2007 by entrepreneurs Adam Bierman and Andrew Modlin, MedMen brings together expertise in three critical areas—licensing, design and management—to help businesses enter the marijuana marketplace, maximize their space and brand identity, and grow a legitimate and stable operation.

For more information about MedMen and to view the MedMen’s guide to cultivating and managing legal marijuana.

About N Squared Management

N Squared is a South Florida based investment organization that provides startup and growth capital to strong management teams primarily in the healthcare services, software & IT consulting, real estate, and education industries in the US and the Far East.

CONTACT: John Filizzola, john@medmen.com, 1-323-473-5231

SOURCE MedMen

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