Key facts
- This page summarizes PURA VIDA INVESTMENTS, LLC's Form 4 filing for MedMen Enterprises, Inc..
- 22 reported transactions and 22 derivative rows are listed below.
- Accepted by SEC: 29 Apr 2022, 16:45.
PURA VIDA INVESTMENTS, LLC - 17 Aug 2021 Form 4 Insider Report for MedMen Enterprises, Inc.
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- N/A
- Reported as of
- 17 Aug 2021
- Net transaction value
- -$19,594,887
- SEC form
- 4
- Accepted by SEC
- 29 Apr 2022, 16:45:07 UTC
- Prior SEC filing
- 30 Jul 2021
- Next SEC filing
- 17 Sep 2021
- Source filing
- View source filing
- Reporting owner signature
- /s/ Efrem Kamen
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
PURA VIDA INVESTMENTS, LLC filed Form 4 for MedMen Enterprises, Inc. on 29 Apr 2022.
Change
- Previous filing in this sequence was filed on 30 Jul 2021.
- Current net transaction value: -$19,594,887.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
MMNFF
transaction
Derivative
Senior Secured Convertible Note
Other
- Transaction value
- $3,489,538
- Shares
- Change %
- Price
- Shares after
- $1,163,179
- Date
- 17 Aug 2021
- Ownership
- By Pura Vida Master Fund, LTD.
- Underlying class
- Class B Subordinate Voting Shares
- Underlying amount
- 27,368,923
- Exercise price
- $0.1700
- Footnotes
- F1, F2, F3, F4, F5
MMNFF
transaction
Derivative
Senior Secured Convertible Note
Other
- Transaction value
- $4,761,875
- Shares
- Change %
- Price
- Shares after
- $1,587,292
- Date
- 17 Aug 2021
- Ownership
- By Pura Vida Master Fund, LTD.
- Underlying class
- Class B Subordinate Voting Shares
- Underlying amount
- 41,524,963
- Exercise price
- $0.1529
- Footnotes
- F1, F2, F3, F4, F5
MMNFF
transaction
Derivative
Senior Secured Convertible Note
Other
- Transaction value
- $6,480,570
- Shares
- Change %
- Price
- Shares after
- $2,160,190
- Date
- 17 Aug 2021
- Ownership
- By Pura Vida Master Fund, LTD.
- Underlying class
- Class B Subordinate Voting Shares
- Underlying amount
- 25,414,000
- Exercise price
- $0.3400
- Footnotes
- F1, F2, F3, F4, F5
MMNFF
transaction
Derivative
Senior Secured Convertible Note
Other
- Transaction value
- $160,132
- Shares
- Change %
- Price
- Shares after
- $53,377
- Date
- 17 Aug 2021
- Ownership
- By Pura Vida Master Fund, LTD.
- Underlying class
- Class B Subordinate Voting Shares
- Underlying amount
- 750,472
- Exercise price
- $0.2845
- Footnotes
- F1, F2, F3, F4, F5
MMNFF
transaction
Derivative
Senior Secured Convertible Note
Other
- Transaction value
- $1,101,959
- Shares
- Change %
- Price
- Shares after
- $367,320
- Date
- 17 Aug 2021
- Ownership
- By Pura Vida Pro Special Opportunity Master Fund, LTD.
- Underlying class
- Class B Subordinate Voting Shares
- Underlying amount
- 8,642,816
- Exercise price
- $0.1700
- Footnotes
- F1, F2, F3, F4, F5
MMNFF
transaction
Derivative
Senior Secured Convertible Note
Other
- Transaction value
- $1,503,750
- Shares
- Change %
- Price
- Shares after
- $501,250
- Date
- 17 Aug 2021
- Ownership
- By Pura Vida Pro Special Opportunity Master Fund, LTD.
- Underlying class
- Class B Subordinate Voting Shares
- Underlying amount
- 13,113,144
- Exercise price
- $0.1529
- Footnotes
- F1, F2, F3, F4, F5
MMNFF
transaction
Derivative
Senior Secured Convertible Note
Other
- Transaction value
- $2,046,496
- Shares
- Change %
- Price
- Shares after
- $682,165
- Date
- 17 Aug 2021
- Ownership
- By Pura Vida Pro Special Opportunity Master Fund, LTD.
- Underlying class
- Class B Subordinate Voting Shares
- Underlying amount
- 8,025,472
- Exercise price
- $0.3400
- Footnotes
- F1, F2, F3, F4, F5
MMNFF
transaction
Derivative
Senior Secured Convertible Note
Other
- Transaction value
- $50,568
- Shares
- Change %
- Price
- Shares after
- $16,856
- Date
- 17 Aug 2021
- Ownership
- By Pura Vida Pro Special Opportunity Master Fund, LTD.
- Underlying class
- Class B Subordinate Voting Shares
- Underlying amount
- 236,991
- Exercise price
- $0.2845
- Footnotes
- F1, F2, F3, F4, F5
MMNFF
transaction
Derivative
Warrant
Other
- Transaction value
- Shares
- -435,971
- Change %
- -65%
- Price
- Shares after
- 234,753
- Date
- 17 Aug 2021
- Ownership
- By Pura Vida Master Fund, LTD.
- Underlying class
- Class B Subordinate Voting Shares
- Underlying amount
- 670,724
- Exercise price
- $3.72
- Footnotes
- F1, F2, F3, F4, F5
MMNFF
transaction
Derivative
Warrant
Other
- Transaction value
- Shares
- -125,947
- Change %
- -65%
- Price
- Shares after
- 67,818
- Date
- 17 Aug 2021
- Ownership
- By Pura Vida Master Fund, LTD.
- Underlying class
- Class B Subordinate Voting Shares
- Underlying amount
- 193,765
- Exercise price
- $4.29
- Footnotes
- F1, F2, F3, F4, F5
MMNFF
transaction
Derivative
Warrant
Other
- Transaction value
- Shares
- -128,279
- Change %
- -65%
- Price
- Shares after
- 69,074
- Date
- 17 Aug 2021
- Ownership
- By Pura Vida Master Fund, LTD.
- Underlying class
- Class B Subordinate Voting Shares
- Underlying amount
- 197,353
- Exercise price
- $3.16
- Footnotes
- F1, F2, F3, F4, F5
MMNFF
transaction
Derivative
Warrant
Other
- Transaction value
- Shares
- -37,058
- Change %
- -65%
- Price
- Shares after
- 19,955
- Date
- 17 Aug 2021
- Ownership
- By Pura Vida Master Fund, LTD.
- Underlying class
- Class B Subordinate Voting Shares
- Underlying amount
- 57,013
- Exercise price
- $3.64
- Footnotes
- F1, F2, F3, F4, F5
MMNFF
transaction
Derivative
Warrant
Other
- Transaction value
- Shares
- -160,311
- Change %
- -65%
- Price
- Shares after
- 86,322
- Date
- 17 Aug 2021
- Ownership
- By Pura Vida Master Fund, LTD.
- Underlying class
- Class B Subordinate Voting Shares
- Underlying amount
- 246,633
- Exercise price
- $1.01
- Footnotes
- F1, F2, F3, F4, F5
MMNFF
transaction
Derivative
Warrant
Other
- Transaction value
- Shares
- -46,313
- Change %
- -65%
- Price
- Shares after
- 24,938
- Date
- 17 Aug 2021
- Ownership
- By Pura Vida Master Fund, LTD.
- Underlying class
- Class B Subordinate Voting Shares
- Underlying amount
- 71,250
- Exercise price
- $1.17
- Footnotes
- F1, F2, F3, F4, F5
MMNFF
transaction
Derivative
Warrant
Other
- Transaction value
- Shares
- -8,077,175
- Change %
- -65%
- Price
- Shares after
- 4,349,248
- Date
- 17 Aug 2021
- Ownership
- By Pura Vida Master Fund, LTD.
- Underlying class
- Class B Subordinate Voting Shares
- Underlying amount
- 12,426,422
- Exercise price
- $0.1529
- Footnotes
- F1, F2, F3, F4, F5
MMNFF
transaction
Derivative
Warrant
Other
- Transaction value
- Shares
- -137,675
- Change %
- -65%
- Price
- Shares after
- 74,132
- Date
- 17 Aug 2021
- Ownership
- By Pura Vida Pro Special Opportunity Master Fund, LTD.
- Underlying class
- Class B Subordinate Voting Shares
- Underlying amount
- 211,807
- Exercise price
- $3.72
- Footnotes
- F1, F2, F3, F4, F5
MMNFF
transaction
Derivative
Warrant
Other
- Transaction value
- Shares
- -39,773
- Change %
- -65%
- Price
- Shares after
- 21,416
- Date
- 17 Aug 2021
- Ownership
- By Pura Vida Pro Special Opportunity Master Fund, LTD.
- Underlying class
- Class B Subordinate Voting Shares
- Underlying amount
- 61,189
- Exercise price
- $4.29
- Footnotes
- F1, F2, F3, F4, F5
MMNFF
transaction
Derivative
Warrant
Other
- Transaction value
- Shares
- -40,509
- Change %
- -65%
- Price
- Shares after
- 21,813
- Date
- 17 Aug 2021
- Ownership
- By Pura Vida Pro Special Opportunity Master Fund, LTD.
- Underlying class
- Class B Subordinate Voting Shares
- Underlying amount
- 62,322
- Exercise price
- $3.16
- Footnotes
- F1, F2, F3, F4, F5
MMNFF
transaction
Derivative
Warrant
Other
- Transaction value
- Shares
- -11,703
- Change %
- -65%
- Price
- Shares after
- 6,301
- Date
- 17 Aug 2021
- Ownership
- By Pura Vida Pro Special Opportunity Master Fund, LTD.
- Underlying class
- Class B Subordinate Voting Shares
- Underlying amount
- 18,004
- Exercise price
- $3.64
- Footnotes
- F1, F2, F3, F4, F5
MMNFF
transaction
Derivative
Warrant
Other
- Transaction value
- Shares
- -50,625
- Change %
- -65%
- Price
- Shares after
- 27,259
- Date
- 17 Aug 2021
- Ownership
- By Pura Vida Pro Special Opportunity Master Fund, LTD.
- Underlying class
- Class B Subordinate Voting Shares
- Underlying amount
- 77,884
- Exercise price
- $1.01
- Footnotes
- F1, F2, F3, F4, F5
MMNFF
transaction
Derivative
Warrant
Other
- Transaction value
- Shares
- -14,625
- Change %
- -65%
- Price
- Shares after
- 7,875
- Date
- 17 Aug 2021
- Ownership
- By Pura Vida Pro Special Opportunity Master Fund, LTD.
- Underlying class
- Class B Subordinate Voting Shares
- Underlying amount
- 22,500
- Exercise price
- $1.17
- Footnotes
- F1, F2, F3, F4, F5
MMNFF
transaction
Derivative
Warrant
Other
- Transaction value
- Shares
- -2,550,687
- Change %
- -65%
- Price
- Shares after
- 1,373,447
- Date
- 17 Aug 2021
- Ownership
- By Pura Vida Pro Special Opportunity Master Fund, LTD.
- Underlying class
- Class B Subordinate Voting Shares
- Underlying amount
- 3,924,133
- Exercise price
- $0.1529
- Footnotes
- F1, F2, F3, F4, F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
PURA VIDA INVESTMENTS, LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 5 footnotes
Footnote 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.
Footnote F2
Currently exercisable.
Footnote 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.
Footnote 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.
Footnote 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.