MedMen Enterprises Inc. became bankrupt on April 24, 2024 under the Bankruptcy and Insolvency Act in British Columbia, estate no. 11-3072055, with B. Riley Farber Inc. as Licensed Insolvency Trustee. The Statement of Affairs, as stated and estimated by the company's Chief Restructuring Officer as at that date, puts entity-level assets at $1.00 against total liabilities of $561,543,993.24, a reported deficiency of $561,543,992.24 and no surplus. Superhero Acquisition Corp. claims $359,389,685.43 secured on a 100% interest in MM CAN USA, INC., valued at $1.00, leaving a balance of $359,389,684.43 ranking with the unsecured creditors. Other unsecured claims listed include Treehouse Real Estate Investment Trust, Inc. at $100,818,415.76, Hankey Capital, LLC at $82,161,199.37, related party MedMen Opportunity Fund II, LP at $8,733,750.00 and Matthew Abrams at $8,425,500.00. Ten litigation claims are carried as contingent, each at a nominal $1.00 with nothing expected to rank for dividend. The proceeding is active.
The officer filed a report. MedMen had no employees at the date of bankruptcy, its wholly-owned US subsidiary was placed into receivership in California, and the Trustee did not take possession of the Company's assets as they were wholly encumbered.
Source: Trustee’s Preliminary Report
Court officer reporting fixed the effective time of that step at 14:15 on April 24, 2024, establishing the date and hour of record.
Source: Certificate of Appointment
Debtor
MedMen Enterprises Inc.
Trustee in bankruptcy
GlassRatner
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Superhero Acquisition Corp.Securities - 100% interest in MM CAN USA, INC. — Amount of claim stated as 359,389,685.43 with estimated value of security 1.00, resulting in balance of claim 359,389,684.43 (per List B) — debtor: MedMen Enterprises Inc. · as of 24 Apr 2024 | $359M | Statement of Affairs |
| 8 | Unsecured | Superhero Acquisition Corp.This is the balance of the secured claim per List B, same creditor as secured entry above; carried as balance of claim in List A — debtor: MedMen Enterprises Inc. · as of 24 Apr 2024 | $359M | Statement of Affairs |
| 8 | Unsecured | Treehouse Real Estate Investment Trust, Inc.debtor: MedMen Enterprises Inc. · as of 24 Apr 2024 | $101M | Statement of Affairs |
| 8 | Unsecured | Hankey Capital, LLCdebtor: MedMen Enterprises Inc. · as of 24 Apr 2024 | $82.2M | Statement of Affairs |
| 8 | Unsecured | MEDMEN OPPORTUNITY FUND II, LP c/o Armanino LLPRelated party - MedMen Opportunity Fund — debtor: MedMen Enterprises Inc. · as of 24 Apr 2024 | $8.73M | Statement of Affairs |
| 8 | Unsecured | Matthew Abrams c/o Lubin Olson & Niewiadomski LLPdebtor: MedMen Enterprises Inc. · as of 24 Apr 2024 | $8.43M | Statement of Affairs |
| 8 | Unsecured | Verano Holdings, LLCdebtor: MedMen Enterprises Inc. · as of 24 Apr 2024 | $1.28M | Statement of Affairs |
| 8 | Unsecured | Cassels Brock & Blackwell LLP · in 22 casesdebtor: MedMen Enterprises Inc. · as of 24 Apr 2024 | $437K | Statement of Affairs |
| 8 | Unsecured | Amit Pandeydebtor: MedMen Enterprises Inc. · as of 24 Apr 2024 | $222K | Statement of Affairs |
| 8 | Unsecured | Segal GCSE LLPdebtor: MedMen Enterprises Inc. · as of 24 Apr 2024 | $68.3K | Statement of Affairs |
| 8 | Unsecured | Borden Ladner Gervais LLP · in 28 casesdebtor: MedMen Enterprises Inc. · as of 24 Apr 2024 | $7.79K | Statement of Affairs |
| 8 | Unsecured | Odyssey Trust Company · in 16 casesdebtor: MedMen Enterprises Inc. · as of 24 Apr 2024 | $5.24K | Statement of Affairs |
| 8 | Unsecured | Ascend v. MedMen c/o Greenberg Traurig, LLPContingent claim (litigation), nominal $1.00 value assigned, amount expected to rank for dividend is 0.00 — debtor: MedMen Enterprises Inc. · as of 24 Apr 2024 | $1 | Statement of Affairs |
| 8 | Unsecured | Whitestar Solutions LLC. vs. MedMen Enterprises Inc., Omaha Mgmt Services, EBA Holdings, Inc., MME AZ group, LLC c/o Tiffany & BContingent claim (litigation), nominal $1.00 value assigned, amount expected to rank for dividend is 0.00 — debtor: MedMen Enterprises Inc. · as of 24 Apr 2024 | $1 | Statement of Affairs |
| 8 | Unsecured | Adam Bierman v. MedMen Enterprises Inc. c/o Law Offices of Nigel BurnsContingent claim (litigation), nominal $1.00 value assigned, amount expected to rank for dividend is 0.00 — debtor: MedMen Enterprises Inc. · as of 24 Apr 2024 | $1 | Statement of Affairs |
| 8 | Unsecured | Weed-Sheffield, LLC v. MME 1001 North Retail, LLC, MME Evanston Retail, LLC, MME Enterprises USA, LLC, and MedMen Enterprises InContingent claim (litigation), nominal $1.00 value assigned, amount expected to rank for dividend is 0.00 — debtor: MedMen Enterprises Inc. · as of 24 Apr 2024 | $1 | Statement of Affairs |
| 8 | Unsecured | Thor 942 Fulton Street, LLC v. MedMen c/o Resch Polster & Berger LLPContingent claim (litigation), nominal $1.00 value assigned, amount expected to rank for dividend is 0.00 — debtor: MedMen Enterprises Inc. · as of 24 Apr 2024 | $1 | Statement of Affairs |
| 8 | Unsecured | Matthew Abrams, et al., vs. MedMen Enterprises Inc., et al. c/o Lubin Olson & Niewiadomski LLPContingent claim (litigation), nominal $1.00 value assigned, amount expected to rank for dividend is 0.00; note separate unsecured claim exists for Matthew Abrams in List A — debtor: MedMen Enterprises Inc. · as of 24 Apr 2024 | $1 | Statement of Affairs |
| 8 | Unsecured | Lazer & Lazer Corp v. MedMen Enterprises, Inc. c/o Kapin PLLCContingent claim (litigation), nominal $1.00 value assigned, amount expected to rank for dividend is 0.00 — debtor: MedMen Enterprises Inc. · as of 24 Apr 2024 | $1 | Statement of Affairs |
| 8 | Unsecured | Huitt-Zollars, Incorporated vs. MM Enterprises USA, DBA MedMen (14365793) c/o Greenbaum Law Group, LLPContingent claim (litigation), nominal $1.00 value assigned, amount expected to rank for dividend is 0.00 — debtor: MedMen Enterprises Inc. · as of 24 Apr 2024 | $1 | Statement of Affairs |
| 8 | Unsecured | Hawke Media, LLC vs. MM Enterprises USA, LLC dba MedMen (14278394) c/o Law Offices of Gary A. Bemis APCContingent claim (litigation), nominal $1.00 value assigned, amount expected to rank for dividend is 0.00 — debtor: MedMen Enterprises Inc. · as of 24 Apr 2024 | $1 | Statement of Affairs |
| 8 | Unsecured | Chelsea Smith vs. MM Enterprises USA, LLC d/b/a MedMen (13614734) c/o Hedin Hall LLPContingent claim (litigation), nominal $1.00 value assigned, amount expected to rank for dividend is 0.00 — debtor: MedMen Enterprises Inc. · as of 24 Apr 2024 | $1 | Statement of Affairs |
Preferred creditors: no distribution.Trustee’s Preliminary Report · 14 May 2024
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Preferred | — | — | no distribution | per the trustee | Trustee’s Preliminary Report · 14 May 2024 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
As at 24 Apr 2024 · per Statement of Affairs prepared from Company's books and records, not audited by the Trustee · MedMen Enterprises Inc. (the bankrupt entity) only — Realizable assets per SOA: 100% interest in MM CAN USA, Inc. valued at $1.00 (estimated realizable value), being the sole listed asset. Provable claims table shows two bases: 'Per Statement of Affairs' (Secured $1.00, Unsecured $561,543,982.24, Contingent $10.00, Total $561,543,993.24) versus 'Filed with Trustee' (Secured $2,845,528.08, Unsecured $15,699,326.69, Total $18,544,854.77); USD claims converted at $1.37 CAD/USD.
| Date | Document | File |
|---|---|---|
Trustee’s Preliminary Report
| ||
| Creditors Package | ||
Certificate of Appointment
| ||
Statement of Affairs
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “MedMen Enterprises Inc.” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/medmen-enterprises-inc
Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/medmen-enterprises-inc
Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.