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MedMen Launches Cannabis Delivery Services In California

U.S. cannabis retailer MedMen Enterprises Inc. said Monday that it has launched state-wide delivery service of cannabis products in California, enabling consumers to enjoy the comfort of home delivery.

MedMen is offering same-day delivery of cannabis products to customers in California, noting that the state is a potential $11 billion cannabis market. The company has more than 400 products.

"MedMen has always been at the forefront of shaping and defining the cannabis industry, and we are proud to be taking the next step in our evolution by now offering delivery service in California. This enhancement in technology provides our California communities with convenient access to quality products from the brand they know and love," said Adam Bierman, MedMen Co-Founder and CEO.

MedMen is initially focusing on California, where it has 17 retail locations, and expects to expand the service nationwide in the near future. The company also has flagship stores in Los Angeles, Las Vegas and New York.

For a limited time, customers in California will be delivered products free of charge at all participating locations. Delivery orders can be placed seven days a week and 365 days a year, according to the company.

The launch of MedMen Delivery follows the introduction of the company's new loyalty program, MedMen Buds.

Members of the loyalty program will be provided exclusive access to sales and discounts as well as earn points for every purchase that can lead to rewards. In just over 30 days, MedMen Buds is currently live in 14 stores across Arizona, Florida and California, and has more than 40,000 members.

In October 2018, MedMen said it agreed to acquire Chicago-based PharmaCann LLC, one of the largest cannabis operators in Illinois, in an all-stock transaction valued at $682 million. The company expects the transaction to close by the end of calendar year 2019.

Following closing of the PharmaCann acquisition, MedMen expects to become a leading retailer in Illinois with a total of ten store locations. Currently, MedMen operates one medical dispensary located in Oak Park, which would be co-located with adult-use sales, pending the required regulatory approvals.

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