Wicklow Capital Inc. - Feb 22, 2021 Form 4 Insider Report for MedMen Enterprises, Inc. (MMNFF)

Role
10%+ Owner
Signature
/s/ Emma Cuadrado, Secretary
Stock symbol
MMNFF
Transactions as of
Feb 22, 2021
Transactions value $
$0
Form type
4
Date filed
9/27/2021, 01:50 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MMNFF Class B Subordinate Voting Shares Other +9.81M +43.9% 32.2M Feb 22, 2021 By Clarence, LP. See footnote 4. F1, F2, F3, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MMNFF Class B Common Shares Other -9.81M -100% 0 Feb 22, 2021 Class B Subordinate Voting Shares 9.81M Direct F3, F5, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Wicklow Capital Inc. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 This Form 4 is being filed jointly by Wicklow Capital, Inc., an Illinois corporation ("Wicklow"), Milestone Investments, LP, an Alaska limited partnership ("Milestone"), the Dan Tierney & Daniel V. Tierney 2003 Trust (the "Trust"), and Daniel V. Tierney (collectively, the "Reporting Persons").
F2 Shares acquired upon redemption of Class B Common Shares ("Class B Shares") of MM CAN USA, Inc., a California corporation ("MM CAN"). See also footnote 6.
F3 Not applicable.
F4 Wicklow is the general partner of each of Milestone and Clarence, LP ("Clarence"). The Trust is the sole stockholder of Wicklow and the sole limited partner of Milestone and Clarence. Daniel V. Tierney is the trustee and sole beneficiary of the Trust and has voting and/or dispositive power over the securities of Issuer held by Wicklow, Milestone and Clarence. As a result, Daniel V. Tierney and the Trust may be deemed to indirectly beneficially own the securities of Issuer held by Wicklow, Milestone and Clarence. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest, if any, therein.
F5 Class B Shares of MM CAN.
F6 Class B Shares may be exchanged or redeemed for Class B Subordinate Voting Shares ("Subordinate Voting Shares") of Issuer as specified in MM CAN's articles of incorporation. Upon exercise of a redemption or exchange right, MM CAN will repurchase for cancellation each Class B Share submitted for redemption or exchange in consideration for either, at MM CAN's election, one Subordinate Voting Share or a cash amount equal to the cash settlement amount applicable to such Subordinate Voting Share (which cash settlement amount would be equal to the five-day VWAP for the Subordinate Voting Shares on the principal securities exchange on which the Subordinate Voting Shares are traded, ending on the last trading day immediately prior to the applicable date of redemption or exchange); provided that MM CAN may assign to Issuer its rights and rights and obligations to effect a redemption or exchange directly with the redeeming holder.
F7 Shares redeemed pursuant to terms specified in the articles of incorporation of MM CAN. See also footnote 6.