Acreage Holdings Secures US$10 Million in Private Placement Funding

NEW YORK, June 5, 2024 – Acreage Holdings, Inc. (hereinafter referred to as 'Acreage' or the 'Company'), a prominent vertically integrated cannabis company with operations spanning cultivation, processing, and retail in the United States, has publicly announced the completion of a substantial private placement deal. The Company, recognized on the stock market with the ticker symbols CSE: ACRG.A.U, CSE: ACRG.B.U, OTCQX: ACRHF, and OTCQX: ACRDF, has successfully entered into a US$10 million private placement agreement.

Strategic Financing to Fuel Growth

In an effort to enhance its operational footprint and to continue its strategic growth initiatives, Acreage has curated a private financing round which has drawn substantial investor interest, culminating in a firm commitment of US$10 million. The capital infusion is expected to support the Company's expansion plans and to fortify its market presence across its multi-state operations.

Commitment to Shareholders

Acreage's latest financial maneuver demonstrates its unwavering commitment to creating shareholder value. With a robust business model that integrates the entire cannabis supply chain, Acreage is favorably positioned to leverage the funds to optimize its operations, invest in new opportunities, and drive innovation within the industry. Moreover, the placement reflects the confidence of investors in Acreage's strategic direction, management team, and long-term prospects within the burgeoning cannabis market.

investment, finance, cannabis