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 68,152,930 Subordinate Voting Shares that are listed and trading, there are 48,511,277 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.
Acreage Holdings (CSE:ACRG.U) New Listing
and High Street Capital Partners, LLC, which are subsidiaries of Acreage Holdings, Inc. The total number of Subordinate Voting Shares as converted is 116,664,207, excluding options, warrants, RSUs and unvested profits interests.