Pura Vida Investments, Llc - Aug 17, 2021 Form 4 Insider Report for MedMen Enterprises, Inc. (MMNFF)

Role
10%+ Owner
Signature
/s/ Efrem Kamen
Stock symbol
MMNFF
Transactions as of
Aug 17, 2021
Transactions value $
-$19,594,887
Form type
4
Date filed
4/29/2022, 04:45 PM
Previous filing
Jul 30, 2021
Next filing
Sep 17, 2021

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 -$3.49M $1.16M Aug 17, 2021 Class B Subordinate Voting Shares 27.4M $0.17 By Pura Vida Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Senior Secured Convertible Note Other -$4.76M $1.59M Aug 17, 2021 Class B Subordinate Voting Shares 41.5M $0.15 By Pura Vida Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Senior Secured Convertible Note Other -$6.48M $2.16M Aug 17, 2021 Class B Subordinate Voting Shares 25.4M $0.34 By Pura Vida Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Senior Secured Convertible Note Other -$160K $53.4K Aug 17, 2021 Class B Subordinate Voting Shares 750K $0.28 By Pura Vida Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Senior Secured Convertible Note Other -$1.1M $367K Aug 17, 2021 Class B Subordinate Voting Shares 8.64M $0.17 By Pura Vida Pro Special Opportunity Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Senior Secured Convertible Note Other -$1.5M $501K Aug 17, 2021 Class B Subordinate Voting Shares 13.1M $0.15 By Pura Vida Pro Special Opportunity Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Senior Secured Convertible Note Other -$2.05M $682K Aug 17, 2021 Class B Subordinate Voting Shares 8.03M $0.34 By Pura Vida Pro Special Opportunity Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Senior Secured Convertible Note Other -$50.6K $16.9K Aug 17, 2021 Class B Subordinate Voting Shares 237K $0.28 By Pura Vida Pro Special Opportunity Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Warrant Other -436K -65% 235K Aug 17, 2021 Class B Subordinate Voting Shares 671K $3.72 By Pura Vida Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Warrant Other -126K -65% 67.8K Aug 17, 2021 Class B Subordinate Voting Shares 194K $4.29 By Pura Vida Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Warrant Other -128K -65% 69.1K Aug 17, 2021 Class B Subordinate Voting Shares 197K $3.16 By Pura Vida Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Warrant Other -37.1K -65% 20K Aug 17, 2021 Class B Subordinate Voting Shares 57K $3.65 By Pura Vida Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Warrant Other -160K -65% 86.3K Aug 17, 2021 Class B Subordinate Voting Shares 247K $1.01 By Pura Vida Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Warrant Other -46.3K -65% 24.9K Aug 17, 2021 Class B Subordinate Voting Shares 71.3K $1.17 By Pura Vida Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Warrant Other -8.08M -65% 4.35M Aug 17, 2021 Class B Subordinate Voting Shares 12.4M $0.15 By Pura Vida Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Warrant Other -138K -65% 74.1K Aug 17, 2021 Class B Subordinate Voting Shares 212K $3.72 By Pura Vida Pro Special Opportunity Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Warrant Other -39.8K -65% 21.4K Aug 17, 2021 Class B Subordinate Voting Shares 61.2K $4.29 By Pura Vida Pro Special Opportunity Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Warrant Other -40.5K -65% 21.8K Aug 17, 2021 Class B Subordinate Voting Shares 62.3K $3.16 By Pura Vida Pro Special Opportunity Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Warrant Other -11.7K -65% 6.3K Aug 17, 2021 Class B Subordinate Voting Shares 18K $3.65 By Pura Vida Pro Special Opportunity Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Warrant Other -50.6K -65% 27.3K Aug 17, 2021 Class B Subordinate Voting Shares 77.9K $1.01 By Pura Vida Pro Special Opportunity Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Warrant Other -14.6K -65% 7.88K Aug 17, 2021 Class B Subordinate Voting Shares 22.5K $1.17 By Pura Vida Pro Special Opportunity Master Fund, LTD. F1, F2, F3, F4, F5
transaction MMNFF Warrant Other -2.55M -65% 1.37M Aug 17, 2021 Class B Subordinate Voting Shares 3.92M $0.15 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.