Sec Form 4 Filing - Gotham Green Partners LLC @ MedMen Enterprises, Inc. - 2021-01-11

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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Gotham Green Partners LLC
2. Issuer Name and Ticker or Trading Symbol
MedMen Enterprises, Inc. [ MMNFF]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
1437 4TH STREET
3. Date of Earliest Transaction (MM/DD/YY)
01/11/2021
(Street)
SANTA MONICA, CA90401
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Convertible Note ( 1 ) $ 0.2 01/11/2021 H( 2 ) 540,265 09/14/2020 04/23/2022 Class B Subordinate Voting Shares 540,265 ( 3 ) 0 I ( 4 ) By Gotham Green Fund II(Q) LP. ( 5 )
Convertible Note ( 6 ) $ 0.1529 01/11/2021 J( 7 ) 655,341 09/14/2020 04/23/2022 Class B Subordinate Voting Shares 655,341 ( 3 ) 655,341 I By Gotham Green Fund II(Q) LP. ( 5 )
Convertible Note ( 6 ) $ 0.1529 01/11/2021 J( 8 ) 322,061 07/02/2021 04/23/2022 Class B Subordinate Voting Shares 322,061 ( 3 ) 322,061 I By Gotham Green Fund II(Q) LP. ( 5 )
Convertible Note ( 6 ) $ 2.55 01/11/2021 H( 9 ) 77,100 04/23/2019 04/23/2022 Class B Subordinate Voting Shares 77,100 ( 3 ) 0 I By Gotham Green Fund II(Q) LP. ( 5 )
Convertible Note ( 6 ) $ 2.55 01/11/2021 H( 9 ) 59,347 05/22/2019 04/23/2022 Class B Subordinate Voting Shares 59,347 ( 3 ) 0 I By Gotham Green Fund II(Q) LP. ( 5 )
Convertible Note ( 6 ) $ 2.17 01/11/2021 H( 9 ) 39,455 07/12/2019 04/23/2022 Class B Subordinate Voting Shares 39,455 ( 3 ) 0 I By Gotham Green Fund II(Q) LP. ( 5 )
Convertible Note ( 6 ) $ 0.778 01/11/2021 H( 9 ) 140,042 11/27/2019 04/23/2022 Class B Subordinate Voting Shares 140,042 ( 3 ) 0 I By Gotham Green Fund II(Q) LP. ( 5 )
Convertible Note ( 6 ) $ 1.28 01/11/2021 H( 9 ) 48,896 10/29/2019 04/23/2022 Class B Subordinate Voting Shares 48,896 ( 3 ) 0 I By Gotham Green Fund II(Q) LP. ( 5 )
Convertible Note ( 6 ) $ 0.17 01/11/2021 J( 10 ) 3,300,762 ( 10 ) 04/23/2022 Class B Subordinate Voting Shares 3,300,762 ( 3 ) 3,300,762 I By Gotham Green Fund II(Q) LP. ( 5 )
Convertible Note ( 6 ) $ 0.17 01/11/2021 J( 11 ) 1,622,127 07/02/2021 04/23/2022 Class B Subordinate Voting Shares 1,622,127 ( 3 ) 1,622,127 I By Gotham Green Fund II(Q) LP. ( 5 )
Convertible Note ( 6 ) $ 0.1608 01/11/2021 J( 12 ) 11,842,865 01/11/2021 04/23/2022 Class B Subordinate Voting Shares 11,842,865 ( 3 ) 11,842,865 I By Gotham Green Fund II(Q) LP. ( 5 )
Convertible Note ( 6 ) $ 0.34 01/11/2021 H( 13 ) 2,818,921 06/30/2020 04/23/2022 Class B Subordinate Voting Shares 2,818,921 ( 3 ) 5,736,039 I By Gotham Green Partners IV, L.P. ( 5 )
Convertible Note ( 6 ) $ 0.34 01/11/2021 J( 14 ) 2,818,921 07/02/2021 04/23/2022 Class B Subordinate Voting Shares 2,818,921 ( 3 ) 2,818,921 I By Gotham Green Partners IV, L.P. ( 5 )
Convertible Note ( 6 ) $ 0.26 01/11/2021 H( 2 ) 2,657,073 03/27/2020 04/23/2022 Class B Subordinate Voting Shares 2,657,073 ( 3 ) 0 I By Gotham Green Partners IV, L.P. ( 5 )
Convertible Note ( 6 ) $ 0.1529 01/11/2021 J( 7 ) 4,203,221 03/27/2020 04/23/2022 Class B Subordinate Voting Shares 4,203,221 ( 3 ) 4,203,221 I By Gotham Green Partners IV, L.P. ( 5 )
Convertible Note ( 6 ) $ 0.1529 01/11/2021 J( 8 ) 2,059,183 07/02/2021 04/23/2022 Class B Subordinate Voting Shares 2,059,183 ( 3 ) 2,059,183 I BBy Gotham Green Partners IV, L.P. ( 5 )
Convertible Note ( 6 ) $ 0.26 01/11/2021 H( 2 ) 388,880 04/24/2020 04/23/2022 Class B Subordinate Voting Shares 388,880 ( 3 ) 0 I By Gotham Green Partners IV, L.P. ( 5 )
Convertible Note ( 6 ) $ 0.1529 01/11/2021 J( 7 ) 613,226 04/24/2020 04/23/2022 Class B Subordinate Voting Shares 613,226 ( 3 ) 613,226 I By Gotham Green Partners IV, L.P.
Convertible Note ( 6 ) $ 0.1529 01/11/2021 J( 8 ) 301,364 07/02/2021 04/23/2022 Class B Subordinate Voting Shares 301,364 ( 3 ) 301,364 I By Gotham Green Partners IV, L.P.
Convertible Note ( 6 ) $ 0.2845 01/11/2021 H( 13 ) 3,132,451 09/14/2021 04/23/2022 Class B Subordinate Voting Shares 3,132,451 ( 3 ) 0 I By Gotham Green Partners IV, L.P. ( 5 )
Convertible Note ( 6 ) $ 0.2845 01/11/2021 J( 14 ) 3,132,451 07/02/2021 04/23/2022 Class B Subordinate Voting Shares 3,132,451 ( 3 ) 3,132,451 I By Gotham Green Partners IV, L.P. ( 5 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Gotham Green Partners LLC
1437 4TH STREET
SANTA MONICA, CA90401
X
Signatures
/s/ Jason Adler, Managing Member 02/12/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )As disclosed in a Current Report on Form 8-K filed by MedMen Enterprises Inc. (the "Issuer") on January 15, 2021, pursuant to a Third Amended and Restated Securities Purchase Agreement dated January 11, 2021 (the "Amended Facility"), the Reporting Person and its affiliates were issued additional Convertible Notes in an aggregate principal amount of $10.0 million with a conversion price of $0.1608 per share and an aggregate of 62,174,567 share purchase warrants with an exercise price of $0.1608 per share. Furthermore, the conversion prices and exercisability dates of certain Convertible Notes were amended, conversion prices of certain Convertible Notes were adjusted pursuant to existing down round adjustment provisions, and portions of certain warrants were cancelled.
( 2 )Pursuant to the Amended Facility , the exercisable date of all or a portion, as applicable, of this Convertible Note was amended, which may be deemed a cancellation of the Convertible Note and an issuance of a new Convertible Note for the purpose of Section 16 of the Securities Exchange Act of 1934, as amended ("Section 16"). The conversion price of this Convertible Note was also adjusted pursuant to existing down round adjustment provisions.
( 3 )Not applicable.
( 4 )Gotham Green Partners LLC is the SEC registered investment adviser to the Gotham funds. Gotham Green GP 1 LLC is the general partner of Gotham Green Fund 1, LP and Gotham Green Fund 1 (Q) LP. Gotham Green GP 2 LLC is the general partner to Gotham Green Fund II LP and Gotham Green Fund II (Q) LP. Gotham Green Partners SPV IV GP, LLC is the general partner of Gotham Green Partners SPV IV, L.P., and Gotham Green Partners SPV VI GP, LLC is the general partner of Gotham Green Partners SPV VI, L.P.
( 5 )See footnote 4.
( 6 )See footnote 1.
( 7 )Only the conversion price of the original Convertible Note was adjusted pursuant to existing down adjustment round provisions. All other terms remain the same. See also footnote 1. Shares reported reflect amount as of January 11, 2021, plus adjustment to the conversion price.
( 8 )This Convertible Note may be deemed issued for the purpose of Section 16 pursuant to the Amended Facility upon amendment of the exercisable date of all or a portion, as applicable, of the original Convertible Note. The conversion price of this Convertible Note was also adjusted pursuant to existing down round adjustment provisions. See also footnote 1. Shares reported reflect amount as of January 11, 2021, plus adjustment to the conversion price.
( 9 )Pursuant to the Amended Facility, the conversion price and exercisable date of all or a portion, as applicable, of this Convertible Note were amended, which may be deemed a cancellation of the Convertible Note and an issuance of a new Convertible Notes for the purpose of Section 16.
( 10 )This Convertible Note may be deemed issued for the purpose of Section 16 pursuant to the Amended Facility upon amendment of the conversion price of the original Convertible Note. This Convertible Note is currently convertible. See also footnote 1. Shares reported reflect amount as of January 11, 2021, plus amendment to the conversion price.
( 11 )This Convertible Note was deemed issued pursuant to the Amended Facility upon amendment of the conversion price and exercisable date of all or a portion, as applicable, of the original Convertible Note. See also footnote 1. Shares reported reflect amount as of January 11, 2021, plus amendment to the conversion price.
( 12 )This Convertible Note was issued pursuant to the Amended Facility. See footnote 1.
( 13 )Pursuant to the Amended Facility, the exercisable date of all or a portion, as applicable, of this Convertible Note was amended, which may be deemed a cancellation of the Convertible Note and an issuance of a new Convertible Note for the purpose of Section 16. If applicable, Column 9 reports remaining shares and reflects share amount as of January 11, 2021.
( 14 )This Convertible Note may be deemed issued for the purpose of Section 16 pursuant to the Amended Facility upon amendment of exercisable date of all or a portion, as applicable, of the original Convertible Note. See also footnote 1. Shares reported reflect amount as of January 11, 2021.

Remarks:
This is one of nine Form 4s filed on February 12, 2021.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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