British Columbia · Bankruptcy
Statement of Affairs
Statement of affairs · 24 April 2024
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What we verified from this filing24 verified
- financial positionnote: Total liabilities per Form 78 include unsecured creditors 202,154,297.81, balance of secured claims 359,389,684.43, secured creditors 1.00, preferred creditors 0.00, and contingent/other liabilities 10.00; deficiency reported as 561,543,992.24; surplus reported as NIL · page: 1 · as at: 2024-04-24 · basis: Statement of Affairs as stated and estimated by the officer (Chief Restructuring Officer) · scope: MedMen Enterprises Inc. (entity level, bankrupt entity) · currency: CAD · total assets: 1 · total liabilities: 561543993.24
- provinceBritish Columbia
- unsecured creditorspage: 3 · as of: 2024-04-24 · basis: Statement of Affairs List A - Unsecured Creditors as reported · amount: 221940 · debtor: MedMen Enterprises Inc. · creditor: Amit Pandey · currency: CAD
- unsecured creditorspage: 3 · as of: 2024-04-24 · basis: Statement of Affairs List A - Unsecured Creditors as reported · amount: 7788.63 · debtor: MedMen Enterprises Inc. · creditor: Borden Ladner Gervais LLP · currency: CAD
- unsecured creditorspage: 3 · as of: 2024-04-24 · basis: Statement of Affairs List A - Unsecured Creditors as reported · amount: 436884.41 · debtor: MedMen Enterprises Inc. · creditor: Cassels Brock & Blackwell LLP · currency: CAD
- unsecured creditorspage: 3 · as of: 2024-04-24 · basis: Statement of Affairs List A - Unsecured Creditors as reported · amount: 82161199.37 · debtor: MedMen Enterprises Inc. · creditor: Hankey Capital, LLC · currency: CAD
- unsecured creditorspage: 3 · as of: 2024-04-24 · basis: Statement of Affairs List A - Unsecured Creditors as reported · amount: 8425500 · debtor: MedMen Enterprises Inc. · creditor: Matthew Abrams c/o Lubin Olson & Niewiadomski LLP · currency: CAD
- unsecured creditorsnote: Related party - MedMen Opportunity Fund · page: 3 · as of: 2024-04-24 · basis: Statement of Affairs List A - Unsecured Creditors as reported · amount: 8733750 · debtor: MedMen Enterprises Inc. · creditor: MEDMEN OPPORTUNITY FUND II, LP c/o Armanino LLP · currency: CAD
- unsecured creditorspage: 3 · as of: 2024-04-24 · basis: Statement of Affairs List A - Unsecured Creditors as reported · amount: 5241.66 · debtor: MedMen Enterprises Inc. · creditor: Odyssey Trust Company · currency: CAD
- unsecured creditorspage: 3 · as of: 2024-04-24 · basis: Statement of Affairs List A - Unsecured Creditors as reported · amount: 68256.83 · debtor: MedMen Enterprises Inc. · creditor: Segal GCSE LLP · currency: CAD
- unsecured creditorsnote: 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 · page: 3 · as of: 2024-04-24 · basis: Statement of Affairs List A - Unsecured Creditors as reported (balance of secured claim carried to unsecured total) · amount: 359389684.43 · debtor: MedMen Enterprises Inc. · creditor: Superhero Acquisition Corp. · currency: CAD
- unsecured creditorspage: 3 · as of: 2024-04-24 · basis: Statement of Affairs List A - Unsecured Creditors as reported · amount: 100818415.76 · debtor: MedMen Enterprises Inc. · creditor: Treehouse Real Estate Investment Trust, Inc. · currency: CAD
- unsecured creditorspage: 3 · as of: 2024-04-24 · basis: Statement of Affairs List A - Unsecured Creditors as reported · amount: 1275321.15 · debtor: MedMen Enterprises Inc. · creditor: Verano Holdings, LLC · currency: CAD
- secured creditorsnote: 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) · page: 5 · as of: 2024-04-24 · amount: 359389684.43 · debtor: MedMen Enterprises Inc. · creditor: Superhero Acquisition Corp. · currency: CAD · security: Securities - 100% interest in MM CAN USA, INC.
- unsecured creditorsnote: Contingent claim (litigation), nominal $1.00 value assigned, amount expected to rank for dividend is 0.00 · page: 9 · as of: 2024-04-24 · basis: Statement of Affairs List D - Contingent or Other Liabilities as reported · amount: 1 · debtor: MedMen Enterprises Inc. · creditor: Ascend v. MedMen c/o Greenberg Traurig, LLP · currency: CAD
- unsecured creditorsnote: Contingent claim (litigation), nominal $1.00 value assigned, amount expected to rank for dividend is 0.00 · page: 9 · as of: 2024-04-24 · basis: Statement of Affairs List D - Contingent or Other Liabilities as reported · amount: 1 · debtor: MedMen Enterprises Inc. · creditor: Chelsea Smith vs. MM Enterprises USA, LLC d/b/a MedMen (13614734) c/o Hedin Hall LLP · currency: CAD
- unsecured creditorsnote: Contingent claim (litigation), nominal $1.00 value assigned, amount expected to rank for dividend is 0.00 · page: 9 · as of: 2024-04-24 · basis: Statement of Affairs List D - Contingent or Other Liabilities as reported · amount: 1 · debtor: MedMen Enterprises Inc. · creditor: Hawke Media, LLC vs. MM Enterprises USA, LLC dba MedMen (14278394) c/o Law Offices of Gary A. Bemis APC · currency: CAD
- unsecured creditorsnote: Contingent claim (litigation), nominal $1.00 value assigned, amount expected to rank for dividend is 0.00 · page: 9 · as of: 2024-04-24 · basis: Statement of Affairs List D - Contingent or Other Liabilities as reported · amount: 1 · debtor: MedMen Enterprises Inc. · creditor: Huitt-Zollars, Incorporated vs. MM Enterprises USA, DBA MedMen (14365793) c/o Greenbaum Law Group, LLP · currency: CAD
- unsecured creditorsnote: Contingent claim (litigation), nominal $1.00 value assigned, amount expected to rank for dividend is 0.00 · page: 9 · as of: 2024-04-24 · basis: Statement of Affairs List D - Contingent or Other Liabilities as reported · amount: 1 · debtor: MedMen Enterprises Inc. · creditor: Lazer & Lazer Corp v. MedMen Enterprises, Inc. c/o Kapin PLLC · currency: CAD
- unsecured creditorsnote: Contingent 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 · page: 9 · as of: 2024-04-24 · basis: Statement of Affairs List D - Contingent or Other Liabilities as reported · amount: 1 · debtor: MedMen Enterprises Inc. · creditor: Matthew Abrams, et al., vs. MedMen Enterprises Inc., et al. c/o Lubin Olson & Niewiadomski LLP · currency: CAD
- unsecured creditorsnote: Contingent claim (litigation), nominal $1.00 value assigned, amount expected to rank for dividend is 0.00 · page: 9 · as of: 2024-04-24 · basis: Statement of Affairs List D - Contingent or Other Liabilities as reported · amount: 1 · debtor: MedMen Enterprises Inc. · creditor: Thor 942 Fulton Street, LLC v. MedMen c/o Resch Polster & Berger LLP · currency: CAD
- unsecured creditorsnote: Contingent claim (litigation), nominal $1.00 value assigned, amount expected to rank for dividend is 0.00 · page: 9 · as of: 2024-04-24 · basis: Statement of Affairs List D - Contingent or Other Liabilities as reported · amount: 1 · debtor: MedMen Enterprises Inc. · creditor: Weed-Sheffield, LLC v. MME 1001 North Retail, LLC, MME Evanston Retail, LLC, MME Enterprises USA, LLC, and MedMen Enterprises In · currency: CAD
- unsecured creditorsnote: Contingent claim (litigation), nominal $1.00 value assigned, amount expected to rank for dividend is 0.00 · page: 9 · as of: 2024-04-24 · basis: Statement of Affairs List D - Contingent or Other Liabilities as reported · amount: 1 · debtor: MedMen Enterprises Inc. · creditor: Whitestar Solutions LLC. vs. MedMen Enterprises Inc., Omaha Mgmt Services, EBA Holdings, Inc., MME AZ group, LLC c/o Tiffany & B · currency: CAD
- unsecured creditorsnote: Contingent claim (litigation), nominal $1.00 value assigned, amount expected to rank for dividend is 0.00 · page: 9 · as of: 2024-04-24 · basis: Statement of Affairs List D - Contingent or Other Liabilities as reported · amount: 1 · debtor: MedMen Enterprises Inc. · creditor: Adam Bierman v. MedMen Enterprises Inc. c/o Law Offices of Nigel Burns · currency: CAD