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MedMen Breaks Ground on Second State-of-the-Art Cannabis Factory

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May 22, 2018

Los Angeles (May 22, 2018) - MedMen Enterprises has broken ground on a high-tech cannabis factory in Desert Hot Springs, California, the company's second, large-scale marijuana cultivation and manufacturing facility. Last month, the company inaugurated its factory in Mustang, Nevada, the largest, most high-tech facility of its kind in the state.

The two facilities have the same foot-print and design; a 26,000-square-foot Dutch-style greenhouse with 100 percent controlled environment and a 19,000-square-foot manufacturing wing with two extraction rooms, industrial kitchen and tissue culture lab, among other things. Each factory is capable of producing 10,000 pounds of high-quality cannabis annually.

The Mustang facility expects its first harvest in July. The Desert Hot Springs facility is scheduled to open in early 2019 and service California's fast-growing adult-use marijuana market, estimated to be worth $7.7 billion in annual sales by 2021. The company also owns and operates an indoor grow, research and development facility in Los Angeles.

The same factory design also will be used for MedMen's factory in Utica, New York. Construction is expected to begin sometime this year. At full capacity, the factories are expected to employ about 100 workers each, from plant trimmers to lab technicians.

MedMen's cannabis factories feature:

  • A state-of-the-art greenhouse manufactured in Holland

  • A tissue culture lab to genetically clean and multiply plants through micropropagation

  • A flowering room with a 25,000-plant capacity

  • Bakery and Chocolate kitchen rooms

  • Butane and CO2 extraction rooms

  • High-tech analytics lab

The factories are part of MedMen's fully vertically integrated business model. The company owns and operates 18 licensed cannabis facilities in three states, from cultivation to manufacturing and retail.

About MedMen:

MedMen Enterprises is a leading cannabis company in the U.S. with assets and operations nationwide. Based in Los Angeles, MedMen brings expertise and capital to the cannabis industry and is one of the nation’s largest financial supporters of progressive marijuana laws. Visit http://www.medmen.com/

For further information, please contact:

Media Contact:

Briana Chester Senior Publicist E-mail: Briana.Chester@medmen.com 1-424-888-4260

Investor Relations Contact:

Stéphanie Van Hassel Head of Investor Relations E-mail: investors@medmen.com 1-323-705-3025

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