Marijuana firm MedMen closes initial $80 million in funding from Gotham Green

Just Released! Get realistic market forecasts, state-by-state insights and benchmarks with the new 2024 MJBiz Factbook member program, now with quarterly updates. Make informed decisions.

MedMen, a multistate cannabis company based in California, said it closed on an initial $80 million tranche of funding from New York private equity group Gotham Green Partners (GGP).

The money is the first part of a $250 million convertible credit facility with GGP that MedMen secured in March.

More details on the funding can be found here.

MedMen, which trades under the ticker symbol MMEN on the Canadian Securities Exchange, will release its quarterly results May 29.