Parallax Volatility Advisers, L.P. - Aug 17, 2021 Form 4 Insider Report for MedMen Enterprises, Inc. (MMNFF)

Role: 10%+ Owner
Signature: Easton Chen, Chief Compliance Officer of Parallax Volatility Advisers, L.P.
Stock symbol: MMNFF
Transactions as of: Aug 17, 2021
Transactions value $: -$4,414,925
Form type: 4
Date filed: 8/19/2021, 08:31 PM
Previous filing: May 27, 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	-$4.41M				$1.47M	Aug 17, 2021	Class B Subordinate Voting Shares	28.9M	$0.15	See Notes 1 and 2	F1, F2, F3
transaction	MMNFF	Warrants	Other		-21.3M	-65%		11.4M	Aug 17, 2021	Class B Subordinate Voting Shares	21.3M	$0.15	See Notes 1 and 2	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The filing persons (the "Filers") are Parallax Volatility Advisers, L.P. ("PVA"), Parallax Partners, LLC (the "GP"), Parallax Master Fund, L.P. (the "Master Fund"), S. Daniel Hutchison and William F. Bartlett. PVA and the GP are the investment adviser and general partner, respectively, of the Master Fund and its feeder funds (the "Funds"). Mr. Hutchison and Mr. Bartlett are the managers and control persons of PVA and the GP. The securities are held directly by the Funds for the benefit of their investors and are indirectly beneficially owned by PVA and the GP as the investment adviser and general partner, respectively, of the Funds, and by Mr. Hutchison and Mr. Bartlett as PVA's and the GP's control persons. PVA is filing this Form 4 for itself and the other Filers.
F2	The Filers are filing this Form 4 jointly, but not as a group, and each expressly disclaims membership in a group within the meaning of Rule 13d-5(b) under the Securities Exchange Act of 1934, as amended. Each Filer disclaims beneficial ownership of these securities except to the extent of that Filer's pecuniary interest therein.
F3	The Senior Secured Convertible Note and the accompanying warrants were sold for aggregate cash consideration of $1,408,521.97 and the right to receive 239,295 shares of Tilray, Inc. common stock, subject to adjustment, provided that if the consent of certain Tilray, Inc. stockholders is not obtained, the Master Fund may elect to receive cash. In connection with the disposition, the Master Fund entered into a Fourth Amended and Restated Securities Purchase Agreement dated August 17, 2021, pursuant to which amended and restated Senior Secured Convertible Notes and warrants were issued.