PURA VIDA INVESTMENTS, LLC - 17 Aug 2021 Form 4 Insider Report for MedMen Enterprises, Inc.

Role
10%+ Owner
Signature
/s/ Efrem Kamen
Issuer symbol
N/A
Transactions as of
17 Aug 2021
Net transactions value
-$19,594,887
Form type
4
Filing time
29 Apr 2022, 16:45:07 UTC
Previous filing
30 Jul 2021
Next filing
17 Sep 2021
SEC
View on sec.gov

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 Senior Secured Convertible Note Other $3,489,538 $1,163,179 17 Aug 2021 Class B Subordinate Voting Shares 27,368,923 $0.1700 By Pura Vida Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Senior Secured Convertible Note Other $4,761,875 $1,587,292 17 Aug 2021 Class B Subordinate Voting Shares 41,524,963 $0.1529 By Pura Vida Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Senior Secured Convertible Note Other $6,480,570 $2,160,190 17 Aug 2021 Class B Subordinate Voting Shares 25,414,000 $0.3400 By Pura Vida Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Senior Secured Convertible Note Other $160,132 $53,377 17 Aug 2021 Class B Subordinate Voting Shares 750,472 $0.2845 By Pura Vida Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Senior Secured Convertible Note Other $1,101,959 $367,320 17 Aug 2021 Class B Subordinate Voting Shares 8,642,816 $0.1700 By Pura Vida Pro Special Opportunity Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Senior Secured Convertible Note Other $1,503,750 $501,250 17 Aug 2021 Class B Subordinate Voting Shares 13,113,144 $0.1529 By Pura Vida Pro Special Opportunity Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Senior Secured Convertible Note Other $2,046,496 $682,165 17 Aug 2021 Class B Subordinate Voting Shares 8,025,472 $0.3400 By Pura Vida Pro Special Opportunity Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Senior Secured Convertible Note Other $50,568 $16,856 17 Aug 2021 Class B Subordinate Voting Shares 236,991 $0.2845 By Pura Vida Pro Special Opportunity Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Warrant Other -435,971 -65% 234,753 17 Aug 2021 Class B Subordinate Voting Shares 670,724 $3.72 By Pura Vida Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Warrant Other -125,947 -65% 67,818 17 Aug 2021 Class B Subordinate Voting Shares 193,765 $4.29 By Pura Vida Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Warrant Other -128,279 -65% 69,074 17 Aug 2021 Class B Subordinate Voting Shares 197,353 $3.16 By Pura Vida Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Warrant Other -37,058 -65% 19,955 17 Aug 2021 Class B Subordinate Voting Shares 57,013 $3.64 By Pura Vida Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Warrant Other -160,311 -65% 86,322 17 Aug 2021 Class B Subordinate Voting Shares 246,633 $1.01 By Pura Vida Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Warrant Other -46,313 -65% 24,938 17 Aug 2021 Class B Subordinate Voting Shares 71,250 $1.17 By Pura Vida Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Warrant Other -8,077,175 -65% 4,349,248 17 Aug 2021 Class B Subordinate Voting Shares 12,426,422 $0.1529 By Pura Vida Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Warrant Other -137,675 -65% 74,132 17 Aug 2021 Class B Subordinate Voting Shares 211,807 $3.72 By Pura Vida Pro Special Opportunity Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Warrant Other -39,773 -65% 21,416 17 Aug 2021 Class B Subordinate Voting Shares 61,189 $4.29 By Pura Vida Pro Special Opportunity Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Warrant Other -40,509 -65% 21,813 17 Aug 2021 Class B Subordinate Voting Shares 62,322 $3.16 By Pura Vida Pro Special Opportunity Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Warrant Other -11,703 -65% 6,301 17 Aug 2021 Class B Subordinate Voting Shares 18,004 $3.64 By Pura Vida Pro Special Opportunity Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Warrant Other -50,625 -65% 27,259 17 Aug 2021 Class B Subordinate Voting Shares 77,884 $1.01 By Pura Vida Pro Special Opportunity Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Warrant Other -14,625 -65% 7,875 17 Aug 2021 Class B Subordinate Voting Shares 22,500 $1.17 By Pura Vida Pro Special Opportunity Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Warrant Other -2,550,687 -65% 1,373,447 17 Aug 2021 Class B Subordinate Voting Shares 3,924,133 $0.1529 By Pura Vida Pro Special Opportunity Master Fund, LTD. F1, F2, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

PURA VIDA INVESTMENTS, LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 In connection with the disposition of the securities, the parties entered into a Fourth Amended and Restated Securities Purchase Agreement dated August 17, 2021, pursuant to which amended and restated senior secured convertible notes (the "Notes") and warrants (the "Warrants") were issued. The maturity date on the Notes was changed from April 23, 2022 to August 17, 2028. As a result of the disposition of the Notes and Warrants, the Reporting Persons no longer beneficially own more than 10% of the Issuer's securities.
F2 Currently exercisable.
F3 The Notes and Warrants reported on this Form 4 were sold for aggregate cash consideration of $6,251,483 plus an aggregate of 1,062,068 shares of common stock of Tilray, Inc., subject to adjustment.
F4 The reporting persons (the "Reporting Persons") are Pura Vida Investments, LLC ("PVI"), Pura Vida Master Fund, LTD. (the "PV Master Fund"), and Efrem Kamen. PVI serves as the investment manager to the PV Master Fund. Pura Vida Pro, LLC ("PVP") serves as the investment manager to Pura Vida Pro Special Opportunity Master Fund, LTD. PVP is a relying adviser of PVI. Efrem Kamen serves as the managing member of both PVI and PVP.
F5 This Form 4 shall not be deemed an admission that PVI and Efrem Kamen are beneficial owners of the securities for purposes of Sections 13 and 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. Each of PVI and Efrem Kamen disclaims beneficial ownership of the securities reported herein except to the extent of PVI's and Efrem Kamen's pecuniary interest, if any, therein.