---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-002242"
form_type: "8-K"
ticker: null
cik: "0001776932"
company_name: "MedMen Enterprises, Inc."
filed_at: "2024-01-12T23:59:59+00:00"
generated_at: "2026-06-06T23:59:36.352401+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# MedMen closes Arizona asset sale to Mint Cannabis for ~$14M; faces OTC downgrade and cease trade order

## Summary
- Completed Arizona asset sale to Mint Cannabis affiliate for ~$14M cash; Nevada sale pending regulatory approval.
- OTC Markets moved MedMen from OTCQB to OTC Expert Market for failure to file FY2023 10-K and Q1 2024 10-Q.
- BCSC and Ontario Securities Commission issued cease trade order in Canada; trading prohibited except limited exception.
- Cease trade order exemption: non-insider beneficial holders may sell on foreign regulated market through Canadian dealer.
- CEO states divestiture of non-core operations allows optimization of go-forward operational footprint.

## SEC filing metadata
- accession: 0001493152-24-002242
- form_type: 8-K
- cik: 0001776932
- company_name: MedMen Enterprises, Inc.
- filed_at: 2024-01-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1776932/000149315224002242/0001493152-24-002242-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1776932/000149315224002242/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-002242
- JSON: https://secwatch.observer/filing/0001493152-24-002242.json
- Plain text: https://secwatch.observer/filing/0001493152-24-002242.txt

## Key facts
- M&A Transactions
  MedMen Enterprises, Inc. completed a disposition involving Retail Facilities Operations AZ, LLC (an affiliate of Mint Cannabis) for approximately $14 million, subject to certain adjustments (closed 2024-01-05).
  - Action: disposition
  - Counterparty: Retail Facilities Operations AZ, LLC (an affiliate of Mint Cannabis)
  - Consideration: approximately $14 million, subject to certain adjustments
  - Closing: 2024-01-05
  source text: 5, 2024, the sale of the Arizona Assets was consummated pursuant to the Arizona Agreement. The total consideration received by the Company for the sale was approximately $14 million, subject to certain adjustments as set forth in the Arizona Agreement. The sale of the Nevada Assets is still pending subject to regulatory approval for completion. The foregoing
  evidence_url: https://www.sec.gov/Archives/edgar/data/1776932/000149315224002242/0001493152-24-002242-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.