Acreage Holdings Inc (ACRHF)

[geodcan]

Best hidden deal on the boards if I've got it right. Almost zero interest in the US Canopy Growth prospect and it looks like a great entry point if/when we get a triggering event in the US which I personally feel is imminent. glta and dyodd

[Pennybuster]

Adding Today.

[sam1933]

Canopy Growth and Acreage Holdings Announce Initial Plans to Launch THC-Infused Beverages in the U.S. Next Summer


SMITHS FALLS, ON and NEW YORK, Oct. 1, 2020 /CNW/ - Canopy Growth Corporation ("Canopy Growth") (TSX:WEED) (NYSE:CGC) and Acreage Holdings, Inc. (CSE:ACRG.A.U) (CSE: ACRG.B.U), (OTC: ACRHF) (OTC: ACRDF) announced today that following the implementation of their amended arrangement, Acreage has developed a plan to market Canopy Growth's diverse beverage portfolio in the United States.

Leading with legal adult-use markets in Illinois and California, Acreage anticipates launching Canopy Growth's select, sessionable THC beverage formulations in summer 2021. In addition to selling products in its own dispensaries, Acreage will access existing distribution channels through strategic corporate relationships.

"We have had an incredibly successful introduction into the Canadian cannabis-infused beverage industry with over 1.7 million cans of our THC-infused RTD beverages, like Tweed's Houndstooth & Soda and Bakerstreet & Ginger sold to date," shared Canopy Growth CEO, David Klein. "We introduced a new product category to cannabis consumers that we knew had the potential to disrupt one of the most mature industries and since launching in Canada, Canopy Growth now owns 5 of the top 6 SKUs in the beverage category with a 74% market share. We are excited for Canopy's beverages to be introduced to the U.S. market next summer."

"We see THC-infused beverages as a game-changer in U.S. cannabis, and we are excited to launch Canopy Growth's unique beverage offerings to our core markets offering the greatest growth potential next year," said Bill Van Faasen, Interim CEO of Acreage Holdings. "We are already working on our beverage production capabilities, and look forward to tapping the wealth of experience and research Canopy can offer following its successful entry in the category last year."

The Companies look forward to bringing a sessionable infused beverage offering to U.S. consumers that will more closely liken itself to current beverage-alcohol serving sizes.

Here's to Future (Infused U.S.) Growth

___________________

About Canopy Growth Corporation
Canopy Growth (TSX:WEED, NYSE:CGC) is a world-leading diversified cannabis, hemp and cannabis device company, offering distinct brands and curated cannabis varieties in dried, oil and Softgel capsule forms, as well as medical devices through Canopy Growth's subsidiary, Storz & Bickel GMbH & Co. KG. From product and process innovation to market execution, Canopy Growth is driven by a passion for leadership and a commitment to building a world-class cannabis company one product, site and country at a time.

Canopy Growth's medical division, Spectrum Therapeutics is proudly dedicated to educating healthcare practitioners, conducting robust clinical research, and furthering the public's understanding of cannabis, and has devoted millions of dollars toward cutting edge, commercializable research and IP development. Spectrum Therapeutics sells a range of full-spectrum products using its colour-coded classification Spectrum system as well as single cannabinoid Dronabinol under the brand Bionorica Ethics.

Canopy Growth operates retail stores across Canada under its award-winning Tweed and Tokyo Smoke banners. Tweed is a globally recognized cannabis brand which has built a large and loyal following by focusing on quality products and meaningful customer relationships.

From our historic public listing on the Toronto Stock Exchange and New York Stock Exchange to our international expansion, pride in advancing shareholder value through leadership is engrained in all we do at Canopy Growth. Canopy Growth has established partnerships with leading sector names including cannabis icons Snoop Dogg and Seth Rogen, breeding legends DNA Genetics and Green House Seeds, as well as lifestyle guru Martha Stewart and Fortune 500 alcohol leader Constellation Brands, to name but a few. For more information visit www.canopygrowth.com.

About Acreage
Headquartered in New York City, Acreage is a vertically integrated, multi-state operator of cannabis ?licenses and assets in the U.S. 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 brand, The Botanist, ?in 2019.?

On June 27, 2019, Acreage implemented an arrangement under section 288 of the Business Corporations ?Act (British Columbia) with Canopy Growth, which was subsequently amended on September 23, 2020?. Pursuant to the Amended Arrangement, ?upon ?the occurrence (or waiver by Canopy Growth) of the Triggering Event, Canopy Growth will, subject to the ?satisfaction or waiver of certain closing conditions, acquire ?all of the issued and outstanding Fixed Shares on the basis of 0.3048 of a Canopy Growth Share per ?Fixed Share (following the automatic conversion of the Fixed Multiple Shares and subject to adjustment ?in accordance with the terms of the Arrangement Agreement.

In addition, Canopy Growth holds an option, exercisable at the discretion of Canopy Growth, to acquire all of the ?issued and outstanding Floating Shares at the time that Canopy Growth acquires the Fixed Shares, for ?cash or Canopy Growth Shares, as Canopy Growth may determine, at a price per Floating Share based ?upon the 30-day volume-weighted average trading price of the Floating Shares on the CSE relative to the trading price of the Canopy Growth Shares at the time of the ?occurrence or waiver of the Triggering Event, subject to a minimum price of US$6.41 per Floating Share.

For more information about the Amended Arrangement please see the Circular and the respective ?information circulars of each of Acreage and Canopy Growth dated May 17, 2019, which are available on ?Acreage's and Canopy Growth's respective profiles on SEDAR at www.sedar.com and filed with the SEC on the EDGAR website at www.sec.gov. For additional information regarding ?Canopy Growth, please see Canopy Growth's profile on SEDAR at www.sedar.com.

SOURCE Canopy Growth Corporation


For further information: For Canopy Growth, Media Contact: Patti Zebchuck, Media Relations, [e-mail], 613-219-4079; Judy Hong, Vice President, Investor Relations (USA), [e-mail]; Tyler Burns, Vice President, Investor Relations (Canada), [e-mail], 855-558-9333 ex 122; For Acreage Holdings: Media Contact: Howard Schacter, Vice President, Communications, [e-mail], 646-600-9181; Investor Contact: Steve West, Vice President, Investor Relations, [e-mail], 646-600-9181

Related Links

canopygrowth.com

[idiotsavanti]

up 17%...are we finally figuring this "stuff" out??

[sam1933]

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 institutional lender for $33 million and used a portion of the proceeds to retire its short-term $11 million secured convertible note. The loan is unsecured, matures in three years, and bears a 7.5% annual interest rate.

“Access to low-cost capital, even in a very challenging capital market environment for cannabis, has always been a core part of our strategy,” said Bill Van Faasen, Interim CEO of Acreage. “The retirement of the potentially dilutive, short-term convertible debt and the additional cash infusion bolsters our balance sheet enabling us to continue to deliver on our shareholder commitments to accelerate our path to profitability.”

see more: https://www.globenewswire.com/fr/news-release/2020/09/29/2100982/0/en/Acreage-Secures-Three-Year-Term-Loan-Repays-Short-Term-Convertible-Note.html

[sam1933]

Acreage Announces Opening of Nature’s Care Dispensary in Chicago’s West Loop
Press Release | 09/28/2020
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 dispensary and second in Illinois. Nature’s Care West Loop is in the heart of one of Chicago’s premier retail, restaurant and residential districts at 810 W. Randolph Street.

Nature’s Care West Loop complements Acreage’s existing Nature’s Care location in Rolling Meadows, a suburb of Chicago. Illinois legalized the use of cannabis for non-medicinal purposes (commonly called “adult use”) on January 1st, with July 2020 annualized sales of $1.1 billion. Acreage now owns or has management services, consulting, or other agreements for 28 operational dispensaries in 15 states.

In March of this year, Nature’s Care entered into two cannabis equity and social justice agreements with the Cannabis Equity Illinois Coalition and ColaGroup, each with an aim to take tangible action in support of individuals disproportionately impacted by the war on drugs through reinvestment in Illinois communities, training and advocacy efforts. The opening of Nature’s Care West Loop is proof of Nature’s Care’s commitment to the agreements and communities of Illinois, including hiring from disproportionately impacted areas, pledging to donate 10 percent of net profits to community organizations, hosting “know your rights” educational events, and more.

To celebrate the dispensary’s opening, Nature’s Care has launched an equity campaign, entitled “The City is Speaking. And We Hear You.” The campaign speaks to the city’s outcry for change and support, addresses Nature’s Care’s commitment to the community, and spotlights the partners who made it all happen. For more information on the brand, new dispensary and campaign, visit NaturesCareCompany.com or follow Nature’s Care on Instagram (@NaturesCare), Facebook (@NaturesCareCompany) and Twitter (@NaturesCareCo).

ABOUT ACREAGE

Headquartered in New York City, Acreage is a vertically integrated, multi-state operator of cannabis ?licenses and assets in the U.S. 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.?

On June 27, 2019, Acreage implemented an arrangement under section 288 of the Business Corporations ?Act (British Columbia) with Canopy Growth Corporation (“Canopy Growth”), which was subsequently amended on September 23, 2020 (the “Amended Arrangement”)?. Pursuant to the Amended Arrangement, ?upon ?the occurrence (or waiver by Canopy Growth) of changes in federal laws in the United States to permit the general cultivation, distribution and possession of marijuana (as defined in the relevant legislation) or to remove the regulation of such activities from the federal laws of the United States (the “Triggering Event”), Canopy Growth will, subject to the ?satisfaction or waiver of certain closing conditions, acquire ?all of the issued and outstanding Class E subordinate voting shares (the “Fixed Shares”) on the basis of 0.3048 of a Canopy Growth share per ?Fixed Share (following the automatic conversion of the Class F multiple voting shares and subject to adjustment ?in accordance with the terms of the arrangement agreement entered into between Acreage and Canopy Growth on April 18, 2019, as amended on May 15, 2019 and on September 23, 2020.

In addition, Canopy Growth holds an option, exercisable at the discretion of Canopy Growth, to acquire all of the ?issued and outstanding Class D subordinate voting shares (the “Floating Shares”) at the time that Canopy Growth acquires the Fixed Shares, for ?cash or Canopy Growth shares, as Canopy Growth may determine, at a price per Floating Share based ?upon the 30-day volume-weighted average trading price of the Floating Shares on the CSE relative to the trading price of the Canopy Growth shares at the time of the ?occurrence or waiver of the Triggering Event, subject to a minimum price of US$6.41 per Floating Share.

For more information about the Amended Arrangement please see the Acreage proxy statement and management information circular dated August 17, 2020 (the “Circular”) and the respective ?information circulars of each of Acreage and Canopy Growth dated May 17, 2019, which are available on ?Acreage’s and Canopy Growth’s respective profiles on SEDAR at www.sedar.com and filed with the SEC on the EDGAR website at www.sec.gov. For additional information regarding ?Canopy Growth, please see Canopy Growth’s profile on SEDAR at www.sedar.com.

FORWARD LOOKING STATEMENTS

This news release and each of the documents referred to herein contains “forward-looking information” and ??“forward-looking statements” within the meaning of applicable Canadian and United States securities legislation, ?respectively. All statements, other than statements of historical fact, included herein are forward-looking ?information, including, for greater certainty, statements regarding the Amended Arrangement, including the likelihood of completion thereof, the ?occurrence or waiver of the Triggering Event, the satisfaction or waiver of the closing conditions set out in the ?Arrangement Agreement and other statements with respect to the proposed transactions with Canopy Growth. ?Often, but not always, forward-looking statements and information can be identified by the use of words such as ??“plans”, “expects” or “does not expect”, “is expected”, “estimates”, “intends”, “anticipates” or “does not anticipate”, ?or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, ???“would”, “might” or “will” be taken, occur or be achieved. ?

Forward-looking statements or information involve known and unknown risks, uncertainties and other ?factors which may cause the actual results, performance or achievements of Acreage or its ?subsidiaries to be materially different from any future results, performance or achievements expressed or ?implied by the forward-looking statements or information contained in this news release. Risks, uncertainties and other factors involved with forward-looking ?information could cause actual events, results, performance, prospects and opportunities to differ ?materially from those expressed or implied by such forward-looking information, including, but not ?limited to risks disclosed in the Circular, Acreage’s ?management information circular dated May 17, 2019 filed on May 23, 2019, Acreage’s annual report on Form 10-K for the year ended ?December 31, 2019 ?dated May 29, 2020 and the amendment thereto on Form 10-K/A ?dated August 14, 2020, and Acreage’s other public filings, in each case filed with the SEC on the EDGAR website at www.sec.gov and with ?Canadian securities regulators ?and available on the issuer profile of Acreage on SEDAR at www.sedar.com. Although Acreage has attempted to identify ?important factors that could cause actual results to differ materially from those contained in forward-looking ?information, there may be other factors that cause results not to be as anticipated, estimated or intended. ?

Although Acreage believes that the ?assumptions and factors used in preparing the forward-looking information or forward-looking ?statements in this news release are reasonable, undue reliance should not be placed on such information ?and no assurance can be given that such events will occur in the disclosed time frames or at all. The ?forward-looking information and forward-looking statements included in this news release are made as of ?the date of this news release and Acreage does not undertake any obligation to publicly update such ?forward-looking information or forward-looking information to reflect new information, subsequent events ?or otherwise unless required by applicable securities laws.

Neither the Canadian Securities Exchange nor its Regulation Service Provider has reviewed and does not accept ?responsibility for the adequacy or accuracy of the content of this news release.?

Media Contact: Investor Contact:

Howard Schacter
Vice President of Communications
[e-mail]
646-600-9181
Steve West
Vice President, Investor Relations
[e-mail]
646-600-9181