Ascend Wellness settles MedMen dispute; to pay $74M total, $15M extra consideration

Ascend Wellness Holdings, Inc.

Signs term sheet to settle legal dispute with MedMen in NY Supreme Court.
Agrees to pay $15M additional consideration; total closing payment $74M, $4M deposit already paid.
Upon first recreational cannabis sale at MedMen NY dispensary, $14M earn-out payable.
MedMen to withdraw counterclaims; must pay $35M break fee if not closed within 30 days.
Ascend receives 99.99% controlling interest of MedMen NY; no additional earn-outs or debt assumption.

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