Law360 (August 17, 2021, 7:45 PM EDT) — Canadian cannabis giant Tilray and U.S. cannabis retailer MedMen announced Tuesday that they had entered into what company principals described as a “game-changing” transaction that could pave the way for Tilray to dominate the U.S. marijuana market pending federal legalization.
Toronto-based Tilray Inc., along with other investors, will acquire an approximately $165.8 million chunk of MedMen Enterprises Inc.’s outstanding notes and warrants currently held by private equity fund Gotham Green Partners LLC and other funds, with an eye toward converting them into equity in MedMen if and when the U.S. legalizes pot.
Nine U.S. and Canadian law firms, including Weil Gotshal,…
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