Culver Metropolis-based pot retailer MedMen Enterprises Inc. is receiving a further $30 million in credit score from marijuana trade investor Gotham Inexperienced Companions, a New York-based personal fairness agency.
The extra funds come on high of a $250 million credit score line supplied by Gotham and are available as MedMen continues to pursue a fast enlargement technique. The corporate stated the extra credit score shall be used to fund extra retailer openings — a key to development.
In Wednesday’s announcement, MedMen stated Gotham Inexperienced Companions would associate with Chicago-based funding agency Wicklow Capital Inc. for the $30 million.
MedMen Will get $30 Million Bump To Credit score Line, Plans Extra Retailer Openings