Monday, June 01, 2020 6:13:55 PM
Investor Relations
CNSX: ACRG.U Price $ 3.09
As of June 1, 2020 Close
Comparison of the trading price of Acreage Holdings, Inc.’s Subordinate Voting Shares and the trading price of Canopy Growth Corporation’s Common Shares that will be issued to the shareholders of Acreage Holdings Inc. upon completion of the proposed arrangement with Canopy Growth Corporation1
Stock Price
Acreage Holdings, Inc. Subordinate Voting Share Price (CNSX: ACRG.U) US$3.09
Canopy Growth Corporation Common Share Price (NYSE: CGC) US$16.48
Arrangement Agreement Exchange Ratio2 0.5818
Current Implied Price Per Subordinate Voting Share of ACRG.U based on the Exchange Ratio3 US$9.59
Difference between (i) Implied Price of an Acreage Subordinate Voting Share, and (ii) Subordinate Voting Shares as Currently Quoted on CNSX US$6.50/210.3%
As of June 1, 2020 Close
1The completion of the arrangement (the “Arrangement”) with C
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