By Sarah Jarvis (January 7, 2022, 5:26 PM EST) – Cannabis operator Ascend Wellness Holdings Inc. has accused MedMen Enterprises Inc. of breaching an investment agreement for a majority stake in MedMen’s New York operations by refusing to close the deals, saying it sends a message that “some cannabis companies can’t be trusted to keep their word.”
Ascend said in a press release Thursday that MedMen declined to complete the transactions on the basis that the required regulatory approval had not been obtained, and in doing so “essentially challenges the authority of regulators and ignores program regulations.” state medical.
Ascend says MedMen tried to “unilaterally” cancel…
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