Cannabis retailer MedMen Enterprises Inc. (CSE:MMEN) (OTCQX:MMNFF), announced that it has extended the maturity date of the term and made certain other amendments to its commercial loan agreement, of an aggregate outstanding principal balance of approximately $114.3 million, dated as of October 1, 2018, entered into by its subsidiary MM CAN USA, Inc.
The Amendments extend the stated maturity date of the term loans for a period of six months and provide that certain definitive documentation with respect to the conditional purchase of the term loans by a note holder under the company’s senior secured convertible securities purchase agreement dated August 17, 2021 must be entered within 45 days or the stated maturity date of the term loans become due.
