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Acreage Holdings Inc. Class D sub-voting shares (ACRDF)

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Acreage: This Canopy Doesn't Protect (OTCMKTS:ACRGF) | Seeking Alpha


Building Value for Acreage Holdings

Amended Arrangement with Canopy Growth

Acreage and Canopy Growth Corporation (“Canopy Growth”) entered into a new agreement to better align the terms of the existing arrangement involving Canopy Growth with broader market and economic factors, to provide Acreage shareholders with an initial up-front payment in connection with the modification of Canopy Growth's rights, including the extension of the term, and to give Acreage shareholders the ability to participate in upside potential upon the “Triggering Event”. Readers should refer to the proxy statement and management information circular mailed to Acreage’s shareholders in connection with the special meeting to be held on September 16, 2020.


  • Provides Up-Front Cash Payment. Canopy Growth will pay Acreage shareholders and certain convertible security holders an aggregate of US$37,500,024 (approximately US$0.30 per existing subordinate voting share (the “Existing SVS”) on an as converted basis, with the final amount to be received by each holder determined based on the number of shares at the close of business on the record date for the distribution).

    Attractive Valuation Premium. Acreage shareholders will be entitled to receive new subordinate voting shares (the “Fixed Shares”) to be created pursuant to the amended arrangement. Each holder of existing shares of Acreage (the “Existing Shares”) will receive Fixed Shares in an amount equal to 70% of their Existing Shares. On closing of the acquisition following the occurrence or waiver of the Triggering Event, each holder of a Fixed Share will be entitled to receive 0.3048 of a share of Canopy Growth for each Fixed Share held, representing a premium of approximately 120% to the June 24, 2020 closing price of the Existing SVS on the Canadian Securities Exchange (the “CSE”).

    Provides Potential Upside with Floating Shares. Acreage shareholders will be entitled to participate in the long-term value created by Acreage, and in the U.S. cannabis industry generally, as a result of the new subordinate voting shares (the “Floating Shares”) to be created pursuant to the amended arrangement. Each holder of Existing Shares will receive Floating Shares in an amount equal to 30% of their Existing Shares. On closing of the acquisition following the occurrence or waiver of the Triggering Event, Canopy Growth may acquire the Floating Shares at a price based upon the 30-day volume-weighted average trading price of the Floating Shares on the CSE relative to the trading price of the shares of Canopy Growth on the NYSE at that time, subject to a minimum of US$6.41 per Floating Share.

    Alignment with Economic and Financial Market Conditions. Considering the challenging economic environment and increasingly difficult and volatile financial market conditions, particularly for cannabis companies, Acreage determined that the new arrangement with Canopy Growth represents the best current prospect for viability and the preservation of value for Acreage shareholders.

"The United States is going to be a core market for Canopy Growth and this new agreement solidifies our path forward with Acreage," said David Klein, Chief Executive Officer of Canopy Growth. "I am excited to bring our relationship with Acreage back to centre stage in our U.S. strategy and look forward to a time when the laws in the United States permit us to finalize this transaction as we march toward bringing our exciting beverage products to the US."



Acreage Holdings, Inc.

Acreage Begins Trading on the OTCQX Best Market

NEW YORK, Oct. 07, 2020 (GLOBE NEWSWIRE) -- Acreage Holdings, Inc. (“Acreage”) (CSE:ACRG.A.U, ACRG.B.U), (OTCQX: ACRHF, ACRDF) today announced that both its new Class D “floating” shares (OTCQX:..


Acreage Secures Three-Year Term Loan, Repays Short-Term Convertible Note

NEW YORK, Sept. 29, 2020 (GLOBE NEWSWIRE) -- Acreage Holdings, Inc. (“Acreage”) (CSE:ACRG.A.U, ACRG.B.U), (OTC: ACRHF, ACRDF) today announced it has closed a financing transaction with an...



Acreage Announces Opening of Nature’s Care Dispensary in Chicago’s West Loop

NEW YORK, Sept. 28, 2020 (GLOBE NEWSWIRE) -- Acreage Holdings, Inc. (“Acreage”) (CSE:ACRG.A.U, ACRG.B.U), (OTC: ACRHF, ACRDF) announced today’s opening of its first downtown Chicago cannabis...

September 28, 2020 


Acreage Announces Upcoming Conference Presentations 

NEW YORK, Sept. 17, 2020 (GLOBE NEWSWIRE) -- Acreage Holdings, Inc. (“Acreage” or the “Company”) (CSE: ACRG.U) (OTCQX: ACRGF) (FSE: 0VZ) a vertically integrated, multi-state operator of cannabis...

September 17, 2020 


Acreage Shareholders Approve Amended Arrangement Involving Canopy Growth

NEW YORK, Sept. 16, 2020 (GLOBE NEWSWIRE) -- Acreage Holdings, Inc. (“Acreage”) (CSE: ACRG.U) (OTCQX: ACRGF) (FSE: 0ZV) today announced that, at a special meeting of Acreage shareholders (the...

September 16, 2020 


ISS and Glass Lewis Support Acreage Holdings’ Amended Plan of Arrangement with Canopy Growth and Recommend that Shareholders Vote FOR the Amendment Resolution

Shareholders are reminded to vote “FOR” the Amendment Resolution ahead of the voting deadline on September 14, 2020 at 11:00 a.m. (New York time)Don’t delay. Vote today: For assistance with voting...

September 09, 2020 


Acreage Holdings Announces Filing of Proxy Statement Related to Amended Arrangement with Canopy Growth

NEW YORK, Aug. 18, 2020 (GLOBE NEWSWIRE) -- Acreage Holdings, Inc. (“Acreage” or “the Company”) (CSE: ACRG.U) (OTCQX: ACRGF) (FSE: 0VZ) is pleased to announce that it: (i) obtained an interim order...

August 18, 2020 


Acreage Announces Amendment of Warrant Terms

NEW YORK, Aug. 17, 2020 (GLOBE NEWSWIRE) -- Acreage Holdings, Inc. (“Acreage” or “Company”) (CSE: ACRG.U) (OTCQX: ACRGF) (FSE: 0VZ) today announces its intention to amend the term and exercise price...

August 17, 2020 


Acreage Announces Sale of Maryland Dispensary

NEW YORK, Aug. 12, 2020 (GLOBE NEWSWIRE) -- Acreage Holdings, Inc. (“Acreage” or the “Company”) (CSE: ACRG.U) (OTCQX: ACRGF) (FSE: 0VZ), a vertically integrated, multi-state operator of cannabis...

August 12, 2020 


Acreage Holdings Reports Second Quarter 2020 Results

NEW YORK, Aug. 11, 2020 (GLOBE NEWSWIRE) -- Acreage Holdings, Inc. (“Acreage”) (CSE: ACRG.U) (OTCQX: ACRGF) (FSE: 0VZ) today reported financial results for the second quarter of 2020. SECOND...

August 11, 2020 


Acreage Announces Upcoming Conference Presentations

NEW YORK, Aug. 05, 2020 (GLOBE NEWSWIRE) -- Acreage Holdings, Inc. (“Acreage” or the “Company”) (CSE: ACRG.U) (OTCQX: ACRGF) (FSE: 0VZ) a vertically integrated, multi-state operator of cannabis...

August 05, 2020


366 Madison Ave

11th Floor

New York, NY 10017

http://www.acreageholdings.com+1 (646) 600-9181investors@acreageholdings.com

Headquartered in New York City, Acreage is one of the largest vertically integrated,
multi-state operators of cannabis licenses and assets in the U.S., according to publicly available information.
Acreage owns licenses to operate or has management or consulting services or other agreements in place with
license holders to assist in operations in 20 states (including pending acquisitions) with a population of
approximately 180 million Americans, and an estimated 2022 total addressable market of $16.7 billion in legal cannabis sales,
according to Arcview Market Research. Acreage is dedicated to building and scaling operations to create a seamless,
consumer-focused branded cannabis experience. Acreage debuted its national retail store brand,
The Botanist in 2018 and its award-winning consumer brands, The Botanist and Live Resin Project in 2019. INVESTOR NOTE:

In addition to the 76,709,871 Subordinate Voting Shares that are listed and trading,
there are 47,027,862 Subordinate Voting Shares reserved for issuance pursuant to redemption
and conversion rights attached to other share classes of Acreage Holdings, Inc.,
as well as certain outstanding securities of Acreage Holdings WC, Inc. and High Street Capital Partners, LLC,
which are subsidiaries of Acreage Holdings, Inc.
The total number of Subordinate Voting Shares as converted is 123,737,733, excluding options,
warrants, RSUs and unvested profits interests.




Share Structure

Market Cap Market Cap
Authorized Shares
Unlimited   06/16/2020

Outstanding Shares   76,715,592
23,301,069   06/16/2020
53,414,523   06/16/2020
Held at DTC
11,038,945   06/16/2020
49,502,325   04/29/2019
Par Value
No Par Value




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#1286   This week especially, plus FOMO to boot with Alwaysbmikki 11/30/20 06:06:13 PM
#1285   Today officially marks the starting point for the CannaZoid 11/23/20 07:45:49 PM
#1284   Canopy is building a huge facility in NY geodcan 11/21/20 05:28:16 PM
#1283   Quatreau geodcan 11/17/20 04:31:17 PM
#1282   Revenues growing on their own volition and Canopy geodcan 11/13/20 06:19:15 PM
#1281   Acreage Holdings Reports Third Quarter 2020 Results Alwaysbmikki 11/11/20 07:49:09 PM
#1280   https://www.greenmarketreport.com/making-sense-of-acreage-holdings-shares/?fbcli Bazwar6 11/09/20 10:19:27 AM
#1279   Anyone know the differences, pros and cons about gringojoe 11/09/20 08:55:26 AM
#1278   Sorry, I just saw this, I said he happyglass 11/05/20 11:36:53 PM
#1277   Really eh ?.....He's vehemently opposed ? nowwhat2 11/03/20 01:12:58 PM
#1276   Acreage Holdings Inc (ACRDF) mick 10/25/20 05:41:13 PM
#1275   I like the chart! MJ is back. Alwaysbmikki 10/22/20 07:26:37 AM
#1274   https://www.stockscores.com/chart.asp?TickerSymbol=ACRGF&TimeRange=180&Inte JohnCM 10/20/20 07:20:28 AM
#1273   If you get it figured out keep me geodcan 10/18/20 06:51:12 PM
#1272   Hey guys, mopar44o 10/12/20 11:22:15 AM
#1271   Good point. The whole industry has been such OPD2018 10/11/20 07:43:19 PM
#1270   I sold my acreage and canopy shares as happyglass 10/11/20 02:47:49 PM
#1269   I guess it’s safe to say picking up OPD2018 10/06/20 11:49:21 AM
#1268   well the way i understand it.... twister1 10/02/20 03:01:48 PM
#1267   So, going with this theory, and to note OPD2018 10/02/20 09:09:13 AM
#1266   Canopy Growth and Acreage Holdings Announce Initial Plans sam1933 10/01/20 04:28:35 PM
#1265   As amended by the Amending Agreement); and (ii) dionden 10/01/20 01:26:57 PM
#1264   I think I am going to jump back gringojoe 10/01/20 08:31:09 AM
#1263   i understand that cgc will own the fixed twister1 09/30/20 02:56:32 PM
#1262   ACRHF-new board Acreage Holdings Inc. Class E sub-voting shares sam1933 09/29/20 07:34:09 PM
#1261   Acreage Issues $33 Million Three-Year Debt at 7.5% sam1933 09/29/20 06:41:23 PM
#1260   Acreage Holdings Inc (ACRDF) mick 09/25/20 08:15:54 PM
#1259   Acrgf shows noting in my account and nothing ttubular 09/25/20 04:49:56 PM
#1258   CSE Bulletin: Share Reclassification - Acreage Holdings, Inc. (ACRG.U) sam1933 09/22/20 09:48:26 PM
#1257   ACRDF Class D sub-voting shares and ACRHF Class Renee 09/22/20 09:04:12 PM
#1256   Was this for all holders of any type RigorousGains 09/22/20 05:21:19 PM
#1255   ACRGF: Capital Reorganization/Share Reclassification. Each share will be Renee 09/22/20 05:16:54 PM
#1254   Well tomorrow we should see those shares in RigorousGains 09/22/20 04:17:37 PM
#1253   I don't think so but I have e-mailed geodcan 09/21/20 04:43:20 PM
#1252   So if I own 10k shares of Acerage RigorousGains 09/21/20 03:15:24 PM
#1251   Taking a starter. Will be heating up this week. INTL 09/21/20 09:56:10 AM
#1250   Close of business on September 22, 2020, Alwaysbmikki 09/18/20 09:45:00 PM
#1249   Friday we were green in a sea of geodcan 09/06/20 06:22:48 PM
#1248   Acreage Holdings Inc (ACRGF) mick 09/05/20 03:44:16 PM
#1247   Your analysis is spot on in my opinion happyglass 09/03/20 11:20:00 AM
#1246   Accounting principles are guiding management now that Linton geodcan 09/01/20 03:48:27 PM
#1245   I agree with your analysis of the over happyglass 09/01/20 12:56:32 AM
#1244   If you are talking about my crack at geodcan 08/31/20 03:58:37 PM
#1243   It looks like you are very well positioned! happyglass 08/31/20 12:52:15 PM
#1242   Sadly cannabis has been effectively removed from the happyglass 08/31/20 12:49:02 PM
#1241   I took a shot at calculating what 10000 geodcan 08/28/20 03:10:20 PM
#1240   https://www.bloomberg.com/news/articles/2020-08-16/pot-infused-drinks-hopeful-fo geodcan 08/23/20 04:20:08 PM
#1239   When a deal isn't a deal! Happening geodcan 08/19/20 02:19:56 PM
#1238   The problem is the FW's that were running JeefC 08/17/20 09:54:34 AM
#1237   Acreage Holdings is one of the leading MSOs geodcan 08/16/20 05:53:30 PM
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