MedMen, a Los Angeles, CA-based management company serving North America’s legal cannabis industry, has launched a $100m private equity vehicle.
The MedMen Opportunity Fund, L.P., will pursue strategic investments in supply-constrained, high barrier to entry markets and be diversified on both an asset and geographic basis.
It will also own a portion of MedMen’s management company, which will serve as the Fund’s captive operating partner.
Led by CEO Adam Bierman and Chief Strategy Officer Chris Ganan, MedMen Management has served more than 100 businesses advising them in entering in the legal cannabis industry.
The fund has partnered with investment firm Wicklow Capital, an active private company investor across many industries and stages with current and former shareholding in Sofi, Motif Investing, Twitter and Quanergy Systems.
It is the primary investor in Pharmacann, which holds medical marijuana licenses in both Illinois and New York.