Acreage Holdings Inc (ACRDF)

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Details on the options premium

A: Any Person who acquires Acreage Shares after the Initial Effective Date will acquire such shares subject to the terms and conditions of the Plan of Arrangement, including the Canopy Growth Call Option; however, the Per Share Option Premium is only payable to Shareholders (and other eligible securityholders) at the Initial Effective Time.


Q: Do Shareholders need to provide a letter of transmittal or take any other steps to receive the Aggregate Option Premium?
A: No. All holders of Acreage Shares as of the Initial Effective Date will be entitled to receive their portion of the Aggregate Option Premium without taking any further action. All holders of securities other than the Acreage Shares will receive instructions from Acreage regarding steps required to be taken by such persons to receive their portion of the Aggregate Option Premium.

Following the receipt of the Canopy Growth Call Option Exercise Notice or the Triggering Event Notice and prior to the completion of the Acquisition, Acreage and Canopy Growth will provide all holders of Acreage Shares with instructions and the forms necessary to receive the Canopy Growth Share Consideration in connection with the closing of the Acquisition.

From Acreage’s investor page Q&A about the arrangement

http://investors.acreageholdings.com/CustomPage/Index?keyGenPage=1073754085