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
Certificate of Appointment was filed. Court file 11-3072055.
Source: Certificate of Appointment
Debtor
MedMen Enterprises Inc.
Trustee in bankruptcy
B. Riley Farber
| # | 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 | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
21 more claims in 1 class The stack holds Secured and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansPreferred 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 ·
The 2 totals the debtor stated at filing
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See all plans| Date | Document | File |
|---|---|---|
Trustee’s Preliminary Report
| PDF · Subscribers | |
Creditors Package
| PDF · Subscribers | |
Certificate of Appointment
| PDF · Subscribers | |
Statement of Affairs
| PDF · Subscribers | |
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CiteProceedings., “MedMen Enterprises Inc.” (Bankruptcy). Retrieved 4 November 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.