MedMen Capital raises $17.5m

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MedMen Capital has raised $17.5 million to date for its MedMen Opportunity Fund II, per a SEC filing. The Culver City-headquartered firm has set a $500 million target and began fundraising in 2017. The SEC filing did not disclose whether the capital raise constituted a final or interim close.

Its previous fund raised $60 million in 2017.

The fund will target venture capital opportunities in cannabis sectors in North America.