MedMen Enterprises Inc (MMNFF) has released an update to notify the public and investors about its officers.
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MedMen Enterprises Inc. appointed Richard P. Ormond as Chief Restructuring Officer on January 23, 2024, under a consulting agreement with his firm, Stone Blossom Capital, LLC. The agreement stipulates an initial payment of $180,000 for four months, followed by $45,000 monthly, with a minimum six-month term that can be extended or terminated with notice. Ormond, also a shareholder of Buchalter, APC, and chairman of Ejudicate, Inc., brings extensive legal and industry-specific experience to the role, with no disclosed conflicts of interest or familial ties within the company.
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For a comprehensive understanding of the announcement, you can read the full document here.
