An investor’s opposition to Canopy Growth Corp.’s acquisition of Acreage Holdings Inc. may signal a new trend for an industry that’s largely been free from shareholder activism. Marcato Capital Management, which holds Acreage shares, has said it will vote against the deal because it undervalues the New York-based company. Marcato believes the value of pot firms […]
Acreage Holdings
Don’t Be Fooled by the Canopy-Acreage Deal — Marijuana Legalization Is No Sure Thing
Canopy Growth’s groundbreaking deal to buy Acreage Holdings provides no added indications that cannabis legalization is imminent in the United States. The cannabis industry is booming, in case you haven’t noticed. Last year, global sales increased to $12.2 billion from less than $10 billion, and they’re forecast to rise another 38% in 2019, to $16.9 billion. […]
Federal Marijuana Legalization Is Close, Suggests Canopy-Acreage Deal
Sometimes it is necessary to read between the lines. So, when the largest cannabis company in the world enters into a multi-billion dollar deal with a well-known American cannabis firm — one that is set to take effect only after the federal government repeals marijuana prohibition — it is hard not to consider the possibility […]
Canopy Growth Is Near a Deal to Acquire Acreage Holdings
Acquisition would mark first major cross-border pot deal Canopy Growth Corp. is nearing a deal to buy Acreage Holdings Inc. in what would be the first major cross-border cannabis merger, according to people familiar with the matter. The purchase could be announced as soon as this week, said the people, who asked not to be identified […]
7 Marijuana Companies That Could Win the American Market
As more and more states legalize marijuana, American companies are racing to establish multi-state cannabis empires. It is still illegal under federal law, so exchanges like the New York Stock Exchange and Nasdaq aren’t an option for these outfits. Seven of the multi-state chains have raised war chests and listed their stocks on the Canadian […]
CBS rejects Super Bowl ad on benefits of medical marijuana
CBS rejected a Super Bowl ad that makes a case for medical marijuana. Acreage Holdings, which is in the cannabis cultivation, processing and dispensing business, said it produced a 60-second ad that shows three people suffering from varying health issues who say their lives were made better by use of medical marijuana. Acreage said its […]
Applied Inventions Management Corp. Announces Completion of its Continuance to British Columbia and Name Change and Completion of Subscription Receipt Financing
PRESS RELEASE TORONTO and NEW YORK, Nov. 13, 2018 (GLOBE NEWSWIRE) — Acreage Holdings, Inc. (the “Company”), formerly Applied Inventions Management Corp., and High Street Capital Partners, LLC (d/b/a Acreage Holdings) (“Acreage”) are pleased to announce that, further to their September 21, 2018 announcement regarding the business combination pursuant to which, among other things, Acreage […]
Former Prime Minister of Canada Brian Mulroney To Join Acreage Holdings’ Public Board of Directors
PRESS RELEASE Brings Acreage Deep Experience Across North American Commerce and Regulatory Issues NEW YORK, Oct. 17, 2018 (GLOBE NEWSWIRE) — Acreage Holdings (“Acreage”), one of the United States’ largest vertically integrated, multi-state cannabis operators, announced as part of its pending Canadian public transaction that former Prime Minister of Canada, Brian Mulroney, will be offered a […]
N.J. Medical Marijuana Dispensary Partners With John Boehner’s Firm
Acreage Holdings, one of the nation’s largest cannabis cultivation, retail and real estate companies, is collaborating with a south Jersey medicinal marijuana dispensary to open and manage a 100,000-square-foot growing site in Gloucester County, NJ Advance Media has learned. Compassionate Care Foundation of Egg Harbor Township also is seeking permission from the state Health Department […]
Former Speaker John Boehner Joins Acreage Holdings Advisory Board
The U.S. marijuana industry has a new spokesman: John Boehner. The Republican former Speaker of the House has joined the advisory board of Acreage Holdings, a company that cultivates, processes and dispenses cannabis in 11 U.S. states. Boehner’s endorsement, after saying nine years ago he was “unalterably opposed” to legalization, could be considered a watershed […]
