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MedMen Announces Florida Expansion, Opens First Location in West Palm Beach

Business Wire



Reading Time: 5 minutes

Enterprises Inc. (“MedMen” or the “Company”) (CSE: MMEN) (OTCQX: MMNFF)
today announced its expansion into Florida with the opening of a retail
location in West Palm Beach at 539 Clematis Street. MedMen expects
retail locations in Key West and Orlando to follow.

Florida is the third most populous state with a robust medical cannabis
program serving over 200,000 qualified patients. Of the 15 new locations
MedMen plans to open across the U.S. in 2019, 12 will be in Florida,
where the Company is licensed for up to 35 retail locations.

“MedMen looks forward to serving Florida’s medical marijuana patients
with a consistent, professional and elevated dispensary experience that
is the hallmark of MedMen retail,” said Co-founder and Chief Executive
Officer Adam Bierman.

MedMen will offer a selection of over 53 products, including MedMen’s
own suite of in-house brands: [statemade], LuxLyte and MedMen that cater
to specific patient needs.

Results from a recent MedMen survey revealed the need for patient
cannabis education. In this survey of over 3,000 current and potential
cannabis users conducted by quantitative research firm Smith Geiger,
results showed Floridians are excited about the potential for cannabis
in their state: 88 percent agree there are significant therapeutic
benefits to cannabis and 75 percent believe cannabis has the potential
to positively change lives. However, only 27 percent feel well educated
regarding cannabis and more than 20 percent of potential buyers don’t
feel sufficiently informed to choose the correct product in a
dispensary. More than 10 percent of the sample was Florida residents.

“Our research shows many patients in Florida feel they need guidance
when they walk into a dispensary. As we expand patient access to the
benefits of cannabis, our goal is to help educate our customers before
they buy,” said Nick Hansen, MedMen’s director of government affairs for
the Florida region. “When a patient enters a MedMen store they will be
immediately welcomed by highly-trained staff ready to answer every
question and helping them find the best product for their needs.”

MedMen store associates undergo rigorous and comprehensive training.
Additionally, MedMen employees immerse themselves in the local community
by personally introducing the brand to local businesses and residents.
The Company supports local and statewide community groups, such as The
Chamber of Commerce of the Palm Beaches and Epilepsy Florida.

“Before day one, MedMen has already shown its commitment to the
community and we’re thrilled to welcome them to West Palm Beach,” said
Dennis Grady, chief executive officer of The Chamber of Commerce of the
Palm Beaches. “Now that MedMen has opened its doors, patients in our
community will have greater accessibility to the high-quality services
and products that they deserve.”

MedMen’s 7,550 square-foot West Palm Beach location is located at 539
Clematis Street, West Palm Beach, FL 33401. Store hours are 8:00 a.m. –
9:00 p.m.

MedMen is the most recognizable cannabis retailer in the U.S. known for
the high design aesthetic and welcoming environment of its iconic
stores. It has received numerous awards, including being recognized
as “Best Cannabis Dispensary” by West Hollywood Magazine and OC Weekly,
a top-10 dispensary in Los Angeles by High Times, a top-10 store in New
York by Chain Store Age, GreenState’s leading dispensary for “Excellence
in Services,” and one of Green Entrepreneur’s 100 Cannabis Leaders in
2018. Additionally, MedMen was recognized for its positive economic
impact in Clark County, Nevada, which declared October 8 as “MedMen Day.”


MedMen is a cannabis retailer with operations across the U.S. and
flagship stores in Los Angeles, Las Vegas and New York. MedMen’s mission
is to provide an unparalleled experience that invites the world to
discover the remarkable benefits of cannabis because a world where
cannabis is legal and regulated is a safer, healthier and happier world.
Learn more at

Cautionary Note Regarding Forward-Looking Information and Statements

This press release contains certain “forward-looking information”
within the meaning of applicable Canadian securities legislation and may
also contain statements that may constitute “forward-looking statements”
within the meaning of the safe harbor provisions of the United States
Private Securities Litigation Reform Act of 1995. Such forward-looking
information and forward-looking statements are not representative of
historical facts or information or current condition, but instead
represent only MedMen’s beliefs regarding future events, plans or
objectives, many of which, by their nature, are inherently uncertain and
outside of MedMen’s control. Generally, such forward-looking information
or forward-looking statements can be identified by the use of
forward-looking terminology such as “plans”, “expects” or “does not
expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”,
“intends”, “anticipates” or “does not anticipate”, or “believes”, or
variations of such words and phrases or may contain statements that
certain actions, events or results “may”, “could”, “would”, “might” or
“will be taken”, “will continue”, “will occur” or “will be achieved”.
The forward-looking information and forward-looking statements contained
herein may include, but is not limited to, information concerning the
contemplated use of proceeds of the Offering.

By identifying such information and statements in this manner, MedMen
is alerting the reader that such information and statements are subject
to known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or achievements
of MedMen to be materially different from those expressed or implied by
such information and statements. In addition, in connection with the
forward-looking information and forward-looking statements contained in
this press release, MedMen has made certain assumptions.

Among others, the key factors that could cause actual results to
differ materially from those projected in the forward-looking
information and statements are the following: inability to locate
suitable acquisition targets; delays in opening new or renovating
existing retail locations; higher than expected costs to construct,
renovate and operate retail locations; delays in opening new or
expanding existing cultivation and production facilities; higher than
expected costs to construct, expand and operate cultivation and
production facilities; adverse changes in the public perception of
cannabis; changes in consumer demand for cannabis; decreases in the
prevailing prices for cannabis and cannabis products in the markets in
which the Company operates; adverse changes in applicable laws; adverse
changes in the application or enforcement of current laws, including
those related to taxation; increasing costs of compliance with extensive
government regulation; changes in general economic, business and
political conditions, including changes in the financial markets and in
particular in the ability of the Company to raise debt and equity
capital in the amounts and at the costs that it expects; risks related
to licensing, including the ability to obtain the requisite licenses or
renew existing licenses for the Company’s proposed operations;
dependence upon third party service providers, skilled labor and other
key inputs; risks inherent in the agricultural and retail business;
intellectual property risks; risks related to litigation; dependence
upon senior management; and other risks disclosed in the Company’s
public filings including its short form prospectus dated November 28,
2018 (including the documents incorporated by reference therein). Should
one or more of these risks, uncertainties or other factors materialize,
or should assumptions underlying the forward-looking information or
statements prove incorrect, actual results may vary materially from
those described herein as intended, planned, anticipated, believed,
estimated or expected.

Although MedMen believes that the assumptions and factors used in
preparing, and the expectations contained in, the forward-looking
information and statements are reasonable, undue reliance should not be
placed on such information and statements, and no assurance or guarantee
can be given that such forward-looking information and statements will
prove to be accurate, as actual results and future events could differ
materially from those anticipated in such information and statements.
Key assumptions used herein are that the market for acquisition targets
does not materially change and that development costs remain consistent
with budgets. The forward-looking information and forward-looking
statements contained in this press release are made as of the date of
this press release, and MedMen does not undertake to update any
forward-looking information and/or forward-looking statements that are
contained or referenced herein, except in accordance with applicable
securities laws. All subsequent written and oral forward-looking
information and statements attributable to MedMen or persons acting on
its behalf is expressly qualified in its entirety by this notice.

SOURCE: MedMen Enterprises


Allison McLarty
Vice President,
Corporate Communications

Stéphanie Van Hassel
President, Investor Relations

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Business Wire

Bermuda Government, Industry Group Heads to Toronto

Business Wire



Reading Time: 2 minutes

HAMILTON, Bermuda–(BUSINESS WIRE)–#Bermuda–Bermuda Finance Minister Curtis Dickinson leads a delegation of
government, regulatory and industry representatives to Toronto next week
to highlight Bermuda’s close links to Canada and opportunities for
bilateral trade and investment.

The delegation will take part in a
one-day multi-industry forum
, hosted by the Bermuda Business
Development Agency (BDA) Wednesday, June 19 at The Ritz-Carlton Toronto,
and also attend scheduled business development meetings around the city.
Featuring informative panel discussions, thought-leadership sessions,
and networking opportunities for investors and businesses interested in
learning more about the island, the forum is the sixth in a series of
overseas multi-industry showcases, following successful events in
London, New York and Miami over the past two years. It is the first in

“We’re looking forward to meeting civic leaders, media, investors and
industry executives during the forum and related meetings,” said BDA CEO
Andy Burrows. “The aim is to increase awareness of Bermuda as a
gold-standard international financial centre and underscore our
jurisdiction’s historic and mutually beneficial relationship with
Canadian markets.”

The Consul General of Canada in New York, Phyllis Yaffe, will help
launch the forum with a fireside chat-style conversation with Minister
Dickinson. Another highlight of the day will be a keynote presentation
by Lucia Gallardo, a fintech entrepreneur who has partnered with the
United Nations to leverage blockchain systems to help resettlement of
refugees, among other projects.

Industry sessions include participants from more than 30 Bermuda-related
entities, among them, AMBIKA, Aon, Appleby, ArcTern Ventures, ASW Law,
AXA XL, the Association of Bermuda Insurers & Reinsurers (ABIR); Bennett
Jones, the Bermuda Insurance Management Association (BIMA), Bermuda
Monetary Authority (BMA), Bermuda Tourism Authority (BTA), Butterfield
Bank, ChainThat, Conyers, CryptoScan, Deloitte, Estera Services,
Exponential Ventures, EY, Fasken, Insurance Bureau of Canada (IBC),
KPMG, Kroll Bond Rating Agency, MQ Services, Outlier Canada, PwC, Quest
Management Services, RGAx, SALT Lending, and Shyft Network.

Canada is one of Bermuda’s most significant economic partners, with
two-way trade between the two nations amounting to USD$2.6 billion in
2017, and $37 billion in mutual assets and investments. Bermuda supports
an estimated 25,000 jobs in Canada, including 15,000 from multi-national
companies in Bermuda and their Canadian affiliates and represents
Canada’s fifth-largest export market in trade and services; only the US,
UK, Germany and France are greater Canadian export markets.

To register for the free, one-day forum, go to:


The BDA encourages direct investment and helps companies start up,
re-locate or expand their operations in our premier jurisdiction. An
independent, public-private partnership, we connect you to industry
professionals, regulatory officials, and key contacts in the Bermuda
government to assist domicile decisions. Our goal? To make doing
business in Bermuda smooth and beneficial.


Rosemary Jones
Head of Communications &
278-6558 or 441 337-4696

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Business Wire

LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses In Apple, Inc. To Contact The Firm

Business Wire



Reading Time: 3 minutes

NEW YORK–(BUSINESS WIRE)–Faruqi & Faruqi, LLP, a leading national securities law firm, reminds
investors in Apple, Inc. (“Apple” or the “Company”) (NASDAQ:AAPL) of the
June 17, 2019 deadline to seek the role of lead plaintiff in a federal
securities class action that has been filed against the Company.

If you invested in Apple stock or options between November 2, 2018
and January 2, 2019
and would like to discuss your legal rights, click
There is no cost or obligation to you.

You can also contact us by calling Richard Gonnello toll free at
or at 212-983-9330 or by sending an e-mail to

The lawsuit has been filed in the U.S. District Court for the Northern
District of California on behalf of all those who purchased Apple common
stock between November 2, 2018 and January 2, 2019 (the “Class Period”).
The case, City of Roseville Employees’ Retirement System v. Apple
Inc., et al.,
No. 19-cv-2033 was filed on April 16, 2019.

The lawsuit focuses on whether the Company and its executives violated
federal securities laws by failing to disclose that: (1) the U.S.-China
trade war had negatively impacted demand for iPhones and Apple’s pricing
power in greater China; (2) due to Apple discounting the cost of
replacement batteries to make up for the Company’s prior conduct of
intentionally degrading the performance of the batteries in older
iPhones, the rate at which Apple customers were replacing their
batteries in older iPhones, rather than purchasing new iPhones, was
negatively impacting Apple’s iPhone sales growth; (3) as a result of
slowing demand, Apple had slashed production orders from suppliers for
the new 2018 iPhone models and cut prices to reduce inventory; and (4)
defendants’ decision to withhold unit sales for iPhones and other
hardware, which was a metric relevant to investors and their view of the
Company’s financial performance, was designed to and would mask declines
in unit sales of the Company’s flagship product.

On January 2, 2019, after the close of trading, Apple disclosed that,
for the first time in 15 years, Apple would miss its prior quarterly
revenue forecast amid falling iPhone sales in China, its third-largest
market after the United States and Europe. The Company announced first
quarter fiscal 2019 revenues of only $84 billion, far below the expected
range of $89 billion to $93 billion the Company had announced just eight
weeks earlier on November 1, 2018. The Company also admitted that in
addition to macroeconomics in the Chinese market, the price cuts to
battery replacements a year earlier to fix the Company’s prior
surreptitious conduct had hurt iPhone sales.

On this news, the Company’s stock price fell from $157.92 per share on
January 2, 2019 to $142.19 per share on January 3, 2019—a $15.62 or
9.96% drop.

The court-appointed lead plaintiff is the investor with the largest
financial interest in the relief sought by the class who is adequate and
typical of class members who directs and oversees the litigation on
behalf of the putative class. Any member of the putative class may move
the Court to serve as lead plaintiff through counsel of their choice, or
may choose to do nothing and remain an absent class member. Your ability
to share in any recovery is not affected by the decision to serve as a
lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding
Apple’s conduct to contact the firm, including whistleblowers, former
employees, shareholders and others.

Attorney Advertising. The law firm responsible for this advertisement is
Faruqi & Faruqi, LLP (
Prior results do not guarantee or predict a similar outcome with respect
to any future matter. We welcome the opportunity to discuss your
particular case. All communications will be treated in a confidential


685 Third Avenue, 26th Floor
York, NY 10017
Attn: Richard Gonnello, Esq.
(877) 247-4292 or (212) 983-9330

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Business Wire

Three Finalists Selected Following GA-ASI’s Blue Magic Belgium Event

Business Wire



Reading Time: 2 minutes

PARIS–(BUSINESS WIRE)–Three finalists have been selected from GA-ASI’s Blue Magic Belgium
event with the goal of supporting GA-ASI and the development of MQ-9B
SkyGuardian Remotely Piloted Aircraft (RPA) for Belgium. The three
Belgian companies selected are AIRobot, ALX Systems, and Hexagon.

AIRobot, a company based at DronePort in Sint Truiden, Belgium, focuses
on developing drone performance equipment for easy, precise and safe
professional operations, while specializing in Artificial Intelligence
(AI) for processing hyper-spectral imagery. ALX Systems is an Unmanned
Aircraft System (UAS) solution provider based in Liège, Belgium and
specializing in AI for processing Full Motion Video. Hexagon’s
Geospatial division, with an office in Leuven, Belgium, specializes in
software solutions and geospatial tools for visualizing location
intelligence, such as auto-routing UAS and creating a smart digital

GA-ASI held outreach events in Belgium May 15-16 with the goal of
identifying small to medium-sized Belgian companies that can support
SkyGuardian development through cutting-edge technologies. This followed
the Government of Belgium’s approval for Belgian Defense to negotiate
acquisition of GA-ASI’s SkyGuardian to meet the nation’s RPA

“We were very impressed by the many talented companies and particularly
by the innovative concepts presented by these three finalists,” said
Linden Blue, CEO, GA-ASI.

Blue Magic Belgium was a Research and Development (R&D) event held in
two regions of Belgium. Approximately 50 related companies registered
for the event and 19 companies were selected to present their innovative
technologies to a technical panel of experts from GA-ASI. GA-ASI is
committed to placing $3 million in R&D funding with Belgium industry.
This investment will focus on high-value technological development with
small to medium-sized enterprises. The seed funds will be utilized to
develop Belgian capabilities that meet Ministry of Defense (MOD) and
industry objectives to be competitive in future European RPA programs.

About GA-ASI

General Atomics Aeronautical Systems, Inc. (GA-ASI), an affiliate of
General Atomics, is a leading designer and manufacturer of proven,
reliable Remotely Piloted Aircraft (RPA) systems, radars, and
electro-optic and related mission systems, including the Predator®
RPA series and the Lynx® Multi-mode Radar. With more than
five million flight hours, GA-ASI provides long-endurance,
mission-capable aircraft with integrated sensor and data link systems
required to deliver persistent flight that enables situational awareness
and rapid strike. The company also produces a variety of ground control
stations and sensor control/image analysis software, offers pilot
training and support services, and develops meta-material antennas. For
more information, visit

Predator and Lynx are registered trademarks of General Atomics
Aeronautical Systems, Inc.


Robert Walker
General Atomics Aeronautical Systems, Inc.
(858) 524-8101

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