Acreage Holdings

History and Ownership

• Acreage Holdings was founded in Maine in 2011.
• The Board of Directors includes notable figures like John Boehner and Bill Weld.
• The company invests in both recreational and medical cannabis.
• Acreage Holdings acquired Michigan-based Blue Tire Holdings LLC.
• CEO Kevin Murphy anticipates more states legalizing recreational cannabis.

Financials and Acquisitions

• Acreage Holdings had an IPO in November 2018 on the Canadian Securities Exchange.
• The company operates in nineteen states with cultivation, processing, and dispensing licenses.
• It owns retail stores under the brand The Botanist.
• Canopy Growth agreed to acquire 100% of Acreage’s shares for US$3.4 billion.

Facilities

• Acreage Holdings purchased an industrial facility in Sanderson, Florida.
• They set up a cultivation and processing facility with plans for expansion.
• The facility in Florida was sold to Red White & Bloom in Feb 2021.

Expansion and Operations

• Acreage Holdings operates in multiple states and holds various licenses for cultivation, processing, and dispensing.
• The company’s retail presence includes stores under the brand The Botanist.
• CEO Kevin Murphy expects further growth as more states legalize recreational cannabis.

References and Sources

• Various news sources and interviews have been cited for information about Acreage Holdings.
• Details about Acreage Holdings’ story were retrieved from multiple sources.

Acreage Holdings Data Sources