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Cannabis Company Medmen To Sell 'significant Portion' Of Real Estate Assets To Treehouse

by marketwatch.com posted 11months ago 34 views
MedMen Enterprises Inc. announced Thursday a deal to sell a "significant portion" of its real estate assets to Treehouse Real Estate Investment Trust, with the initial deal expected to generate about $12.5 million in proceeds after the repayment of debt. Additional properties are expected to be sold to Treehouse over the next 12 months. The properties sold to Treehouse will be leased back to MedMen, a U.S.-based cannabis company.

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