Experiment with different types of vaporizers to find out what your personal preferences are, and they will guide you well when choosing the vaporizer that is best for you. MedMen Invests $33 Million to… MedMen Expands Its Presence in Arizona. Acquisition of Vertically-Integrated Operator Adds to MedMen’s Growing Footprint in One of the Top Medical Marijuana Markets in the U.S. LOS ANGELES, November 01, 2018–(BUSINESS WIRE)–MedMen Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQX: MMNFF) (FSE: A2JM6N) announced today that it has signed a definitive agreement (the “Agreement”) to acquire control of Kannaboost Technology Inc.
and CSI Solutions LLC, collectively referred to as “Level Up,” in a cash and stock transaction valued at $33,000,000. Level Up holds licenses for two vertically-integrated operations in Arizona, which include retail locations in Scottsdale and Tempe, as well as 25,000 square feet of cultivation and production capacity in Tempe and Phoenix. As part of the transaction, the Company will also receive a 40 percent stake in top-selling brand K.I.N.D. Concentrates (“K.I.N.D.”), which is currently distributed in over 90 percent of the dispensaries in Arizona. This acquisition strengthens our presence in one of the top cannabis markets in the U.S. We will continue to identify highly accretive transactions in core states and remain laser focused on executing our retail playbook. Adam Bierman, MedMen chief executive and co-founder. Inclusive of Level Up and other pending acquisitions, MedMen’s footprint includes licenses for 69 retail stores and 17 cultivation and production facilities across 12 states. In Arizona, the Company now controls three premier retail locations, 65,000 square feet in total cultivation and production capacity, and distribution and co-manufacturing rights for several top brands in Arizona, including K.I.N.D., Kiva, Mirth Provisions, HUXTON and Old Pal. The Company also has plans to introduce its [statemade] line of branded products to the Arizona market over the next 12 to 18 months.
“We have worked tremendously hard to build a company that puts the needs of patients in our local communities first,” said Michael Colburn, co-founder of Level Up. “This marks an exciting new chapter for our brands and for the medical marijuana patients who have supported us,” added Daryll DeSantis, Level Up co-founder. Founded in 2013, Level Up is among the top medical marijuana operators in Arizona. The flagship location in Scottsdale is one of the highest-grossing dispensaries in the state, and will be MedMen’s second dispensary in the city, pending the acquisition of Monarch, which was announced in September 2018. Level Up’s second location recently opened in Tempe. As consideration for the transaction, the Company will pay $33.0 million, of which approximately 51.5 percent will be satisfied in cash and 48.5 percent in Class B Subordinate Voting shares (the “Shares”). Level Up is currently on track to surpass $22 million in revenue for calendar year 2018, a 62 percent increase over 2017 revenue. Total revenue includes both retail and wholesale revenue. For the recently announced acquisitions of operational businesses, which include Monarch in Arizona, Buddy’s Cannabis in California, and Seven Point in Illinois, the Company has deployed $78.8 million in total cash and shares at a blended purchase multiple of 1.8x current year revenue. The transaction is subject to regulatory approvals by various local and state authorities in each of the markets where Level Up’s assets and licenses are held and other customary closing conditions. The Company expects the transaction to close within 90 days. ABOUT MEDMEN: MedMen Enterprises is a leading cannabis company in the U.S. 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. ABOUT LEVEL UP: Level Up provides the cannabis connoisseur with a luxury experience and premium medicine. Level Up is passionate about bringing the finest medical marijuana in a comfortable setting that reflects our dedication to premium quality. The company prides itself on providing the utmost customer service to create an experience rooted in elegance and class. As part of that mission, Level Up’s promise is this: Patients Always. The needs of its patients always dictate its decisions, not profit. Concentrates manufactures and distributes top quality, award-winning THC and CBD medical marijuana concentrates made from organic, indoor medical cannabis plants. Founded in 2013, K.I.N.D.’s purpose is to be a reliable, high quality provider of the best medical marijuana concentrates and edibles in the state of Arizona. As the first producer of medical marijuana concentrates in Arizona, K.I.N.D. Concentrates’ focus has always been on providing medicine of the highest quality and potency to medical marijuana patients in Arizona. Get ahead of the crowd by signing up for 420 Investor, the largest & most comprehensive premium subscription service for cannabis traders and investors since 2013. Level Up - Scottsdale, AZ Medical Marijuana Dispensary. Filtering By: No products found with your search parameters.
Traveling Range: 10 mi Medical Experience: Yes Accepting Patients: Yes Reviews (0) Write A Review. Monday: 10:00:00 AM - 7:00:00 PM Tuesday: 10:00:00 AM - 7:00:00 PM Wednesday: 10:00:00 AM - 7:00:00 PM Thursday: 10:00:00 AM - 7:00:00 PM Friday: 10:00:00 AM - 7:00:00 PM Saturday: 10:00:00 AM - 7:00:00 PM Sunday: 10:00:00 AM - 7:00:00 PM. Finding a dispensary where you feel comfortable is just as important as finding a medicine that treats your symptoms. Here’s why you should consider Level Up: They help pay for your medical marijuana card. Level Up’s “Patient for Life” program provides financial assistance with state registration and renewal fees for the medical marijuana program. They have a huge assortment of extracts and edibles.
The dispensary sells hundreds of different concentrates and delicious goodies for people who don’t want to smoke their medicine. Some of Level Up’s best products include: Indica: True X, Redhead 18, OG18, Redwood, Royal Cookies, Berry White, Blueberry Hash Plant, Very Berry Kush, Funk, Violator Kush and Pre-98 Bubba Kush Sativa: Green Crack, Blue Dream and Amnesia Haze Hybrid: Northern Skunk, Redberry Kush, Where’s My Bike, Tahoe OG, Jack Flash, White Widow, Thin Mint Girl Scout Cookies, Valley OG, White Fire OG, AK-47, White Lavender and Caliente Poison Extracts : Resin, wax, vape cartridges, crumble, kush and shatter Edibles: THC syrup, tinctures, baked goods, snacks, chewy candy, honey, candy bars, hard candy and soda Topicals: Rubs, salves, balms, bath soaks, patches and lip balm Tools: Vape pens and rolling papers.