#ACRG.U

[wealthyvc]

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[capital10x]

Acreage Holdings CEO to Speak About Cannabis at SXSW Panel

Continuing a clear shift towards cultural acceptance of cannabis-related companies, one of the biggest film, music, and media festivals in the United States is about to host upper management from Acreage Holdings, Inc. (CSE: ACRG.U; OTCQX: ACRGF; FSE: 0VZ). Chief Executive Officer Kevin Murphy will appear at South By Southwest (SXSW) in Austin, Texas this coming March 15 to speak at a panel moderated by CNBC market strategist Tim Seymour. Former Republican Speaker of the House John Boehner – who is on the Acreage board of directors – will also speak at the panel. The SXSW appearance marks a turning point in cannabis visibility for Acreage after CBS turned down the company’s request to air a 30 second ad during Super Bowl LIII last month. The ad spot would have shown cannabis being used to help patients who suffer from epileptic seizures and chronic pain conditions. A longer 60 second version of the ad was later released online and can be seen below. https://www.youtube.com/watch?v=j4GpGHgOHAk Acreage’s appearance at a world famous conglomeration of conferences and performances like SXSW is just the latest in a string of efforts towards greater acceptance of cannabis. The SXSW panel is particularly of note as cannabis usage – either medical or recreational – remains illegal under state law in Texas. Ten out of 50 U.S. states have legalized recreational marijuana at this point, with all cannabis remaining illegal at the federal level. As a movement towards full nationwide legalization gains steam, MedMen Enterprises Inc. (CSE: MMEN; OTCQX: MMNFF) and director Spike Jonze teamed up last month to declare cannabis the “new normal” with a viral ad narrated by actor Jesse Williams. The issue is expected to dominate the 2020 U.S. Presidential field, with Democratic candidates seeking their party’s nomination showing early support for wide-scale cannabis legalization. So far Presidential hopefuls Kamala Harris, Cory Booker, Bernie Sanders, Elizabeth Warren, Kirsten Gillibrand, and Amy Klobuchar have all voiced some level of support for decriminalizing or full legalization. On the Republican side, last week President Trump’s administration issued a call for public comment on the potential for rescheduling marijuana. If it were pulled off the current Schedule I drug designation, companies would have more leeway on medical research and it could show a willingness on the federal government’s part to re-think prohibition. Read the full article

[grizzlemedia-blog]

Acreage Holdings CEO to Speak About Cannabis at SXSW Panel

Continuing a clear shift towards cultural acceptance of cannabis-related companies, one of the biggest film, music, and media festivals in the United States is about to host upper management from Acreage Holdings, Inc. (CSE: ACRG.U; OTCQX: ACRGF; FSE: 0VZ). Chief Executive Officer Kevin Murphy will appear at South By Southwest (SXSW) in Austin, Texas this coming March 15 to speak at a panel moderated by CNBC market strategist Tim Seymour. Former Republican Speaker of the House John Boehner – who is on the Acreage board of directors – will also speak at the panel. The SXSW appearance marks a turning point in cannabis visibility for Acreage after CBS turned down the company’s request to air a 30 second ad during Super Bowl LIII last month. The ad spot would have shown cannabis being used to help patients who suffer from epileptic seizures and chronic pain conditions. A longer 60 second version of the ad was later released online and can be seen below. https://www.youtube.com/watch?v=j4GpGHgOHAk Acreage’s appearance at a world famous conglomeration of conferences and performances like SXSW is just the latest in a string of efforts towards greater acceptance of cannabis. The SXSW panel is particularly of note as cannabis usage – either medical or recreational – remains illegal under state law in Texas. Ten out of 50 U.S. states have legalized recreational marijuana at this point, with all cannabis remaining illegal at the federal level. As a movement towards full nationwide legalization gains steam, MedMen Enterprises Inc. (CSE: MMEN; OTCQX: MMNFF) and director Spike Jonze teamed up last month to declare cannabis the “new normal” with a viral ad narrated by actor Jesse Williams. The issue is expected to dominate the 2020 U.S. Presidential field, with Democratic candidates seeking their party’s nomination showing early support for wide-scale cannabis legalization. So far Presidential hopefuls Kamala Harris, Cory Booker, Bernie Sanders, Elizabeth Warren, Kirsten Gillibrand, and Amy Klobuchar have all voiced some level of support for decriminalizing or full legalization. On the Republican side, last week President Trump’s administration issued a call for public comment on the potential for rescheduling marijuana. If it were pulled off the current Schedule I drug designation, companies would have more leeway on medical research and it could show a willingness on the federal government’s part to re-think prohibition. Read the full article

[cannabisinvesting]

Acreage Holdings (ACRGF) Financial Results During 2nd Quarter

September 2, 2019 (Tokyo, Japan) - Acreage Holdings Inc. (ACRGF) might be a good stock to participate in considering Acreage Holding’s reaction with Canopy Holdings Inc. Branding and not cannabis growing is where the real growth will take place in the coming years in the cannabis space.

_________

Source: west

Acreage Holdings Reports Second Quarter 2019 Results

Announces Strategy Leveraging Canopy Growth IP, Brands and Technologies

NEW YORK, Aug. 13, 2019 (GLOBE NEWSWIRE) -- Acreage Holdings, Inc. (“Acreage”) (CSE: ACRG.U) (OTCQX: ACRGF) (FSE: 0VZ) reported financial results for the quarter ended June 30th, 2019.

SECOND QUARTER FINANCIAL HIGHLIGHTS

Reported second quarter revenue of $17.7 million, a 501% increase compared to the same period in 2018

Pro forma revenue* for the second quarter was $36.6 million

Reported a net loss attributable to Acreage of $33.9 million

Adjusted net loss* attributable to Acreage was $17.1 million

Pro forma adjusted EBITDA* was a loss of $12.0 million

*Pro forma revenue, adjusted net loss and pro forma adjusted EBITDA are Non-IFRS measures. Please see discussion and reconciliation of Non-IFRS measures below.

“During the second quarter, we received overwhelming support from our shareholders and a final court order to proceed with our historic arrangement with Canopy Growth. The arrangement unlocks significant potential and will help further position Acreage as the leading cannabis operator in the United States. I am excited to share our strategy leveraging Canopy Growth’s brands, technology, and IP, which will give us a significant advantage over our competition,” said Kevin Murphy, Chairman and Chief Executive Officer of Acreage.

ACREAGE – CANOPY ARRANGEMENT UPDATE

The following are key highlights of management’s strategy leveraging Canopy Growth’s technologies, systems, IP, brands, and know-how. As management continues to explore the vast wealth of opportunities, Acreage anticipates adding to the strategy.

Dispensaries:

In addition to the Botanist, we will begin leveraging Tweed and Tokyo Smoke dispensaries across the U.S.

Products:

• Continue with national launch of internally developed house of brands – The Botanist, Live Resin Project, Natural Wonder

• Expand brand portfolio utilizing Canopy Growth developed Tweed products in 2020

• Launch Spectrum Therapeutics medical cannabis brand in 2020

Processing/Cultivation:

• Evaluate all facilities in design, pre-construction, and construction phases to leverage Canopy Growth systems, technologies, IP, and processes at our option

• Commercialize Canopy Growth and ebbu developed IP for both in-house and co-packed brands via Form Factory, unlocking speed to market with innovative products and likely yielding cost savings

Technology/Other:

• Evaluating whether to voluntarily adopt Canopy Growth IT systems and architecture for potential synergies

• Evaluating entering into additional agreements with Canopy Growth to use other administrative, back office functions, and strategic vendor relationships

“We remain deeply committed to the arrangement to acquire Acreage Holdings,” remarked Mark Zekulin, Chief Executive Officer of Canopy Growth. “We support their revised path forward and are very much looking forward to being able to share that vision – once federally permissible – to continue building the relationship and our combined footprints within the United States.”

Please go to west to read the entire article.

________

Acreage Holdings (ACRGF) - CD$7.27 (USD$5.46) (as of August 30, 2019)

Acreage Holdings website:

https://www.acreageholdings.com

Canopy Growth Corp. (CGC) - $24.20 (as of August 30, 2019)

Canopy Growth Corp. website:

https://www.canopygrowth.com

[cannabisbusinessexecutive]

Acreage Holdings Reports First Quarter 2020 Results

Acreage Holdings Reports First Quarter 2020 Results

PRESS RELEASE

NEW YORK, June 25, 2020 (GLOBE NEWSWIRE) — Acreage Holdings, Inc. (“Acreage”) (CSE: ACRG.U) (OTCQX: ACRGF) (FSE: 0VZ) today reported financial results for the first quarter of 2020.

FIRST QUARTER FINANCIAL HIGHLIGHTS (UNAUDITED)

First quarter reported revenue was $24.2 million, an 88% increase compared to the same period in 2019, and a 15% increase compared to the fourth quarter…

[growlegalweed-blog]

Legal Weed Resources

Check out... https://legalweed.gq/420/now-canopy-wants-to-swallow-up-acreage-asking-price-3-4-billion-but-wait-acreage-to-buy/

Now Canopy Wants To Swallow Up Acreage… Asking Price $3.4 Billion…. But Wait Acreage To Buy !

We’ll have to wait for Federal regulation to happen reports MJ Biz

  MJ Biz write…

Marijuana industry leader Canopy Growth has struck a deal to buy New York-based Acreage Holdings in what would be the first major Canada-U.S. cannabis transaction – but the purchase won’t be executed until the U.S. government removes federal prohibition.

The combination of the two companies would create a North American cannabis juggernaut.

Canopy strikes groundbreaking cannabis-sector deal to buy Acreage for $3.4 billion

  MJ Biz adds…….On the same day it announced it was being acquired by Canada’s Canopy Growth in a groundbreaking deal, New York-based marijuana firm Acreage Holdings unveiled it is buying Deep Roots, a vertically integrated cannabis company based in Nevada.Once all its current M&A activity is approved, Acreage – which trades on the Canadian Securities Exchange as ACRG.U – will operate in 20 states.The $120 million deal was secured through Acreage subsidiary High Street Capital Partners.

Acreage to buy Nevada cannabis company Deep Roots for $120 million

[positivestocks]

ACRG.U Form 9 - Notice of Issuance of Securities

ACRG.U Form 9 – Notice of Issuance of Securities

[420jobsboard]

Acreage Holdings' Partner, Greenleaf Apothecaries, Opens The Botanist Dispensary in Canton, Ohio   BioSpace Published: Jan 17, 2019. NEW YORK, Jan. 17, 2019 /PRNewswire/ -- Acreage Holdings, Inc. ("Acreage") (CSE: ACRG.U) (OTCQX: ACRGF), the United States' ...

[themorningblunt]

Tokers & jokers: Canna Stocks Recover From End of Year Hangover

Tokers & jokers: Canna Stocks Recover From End of Year Hangover

  Closing out Friday’s trading session a majority of cannabis stocks were on the rise.

Up more than 25%, Acreage Holdings Inc. (OTCMKTS: ACRGF) (CNSX: ACRG.U) jumped $3.90 to $19.50.

Inching up $0.13 Aurora Cannabis (NYSE: ACB) climbed 2.55% to $5.23. Canopy Growth Corp. (NYSE: CGC) climbed 2% to $27.37. Tilray (NASDAQ: TLRY) was up 5.73% to $75.15. Cronos (NASDAQ: CRON) was up nearly 1% to…

[wealthyvc]

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[capital10x]

Acreage Holdings CEO to Speak About Cannabis at SXSW Panel

Continuing a clear shift towards cultural acceptance of cannabis-related companies, one of the biggest film, music, and media festivals in the United States is about to host upper management from Acreage Holdings, Inc. (CSE: ACRG.U; OTCQX: ACRGF; FSE: 0VZ). Chief Executive Officer Kevin Murphy will appear at South By Southwest (SXSW) in Austin, Texas this coming March 15 to speak at a panel moderated by CNBC market strategist Tim Seymour. Former Republican Speaker of the House John Boehner – who is on the Acreage board of directors – will also speak at the panel. The SXSW appearance marks a turning point in cannabis visibility for Acreage after CBS turned down the company’s request to air a 30 second ad during Super Bowl LIII last month. The ad spot would have shown cannabis being used to help patients who suffer from epileptic seizures and chronic pain conditions. A longer 60 second version of the ad was later released online and can be seen below. https://www.youtube.com/watch?v=j4GpGHgOHAk Acreage’s appearance at a world famous conglomeration of conferences and performances like SXSW is just the latest in a string of efforts towards greater acceptance of cannabis. The SXSW panel is particularly of note as cannabis usage – either medical or recreational – remains illegal under state law in Texas. Ten out of 50 U.S. states have legalized recreational marijuana at this point, with all cannabis remaining illegal at the federal level. As a movement towards full nationwide legalization gains steam, MedMen Enterprises Inc. (CSE: MMEN; OTCQX: MMNFF) and director Spike Jonze teamed up last month to declare cannabis the “new normal” with a viral ad narrated by actor Jesse Williams. The issue is expected to dominate the 2020 U.S. Presidential field, with Democratic candidates seeking their party’s nomination showing early support for wide-scale cannabis legalization. So far Presidential hopefuls Kamala Harris, Cory Booker, Bernie Sanders, Elizabeth Warren, Kirsten Gillibrand, and Amy Klobuchar have all voiced some level of support for decriminalizing or full legalization. On the Republican side, last week President Trump’s administration issued a call for public comment on the potential for rescheduling marijuana. If it were pulled off the current Schedule I drug designation, companies would have more leeway on medical research and it could show a willingness on the federal government’s part to re-think prohibition. Read the full article

[grizzlemedia-blog]

Green Growth's Formal Aphria Offer is Lacking - Highlights Valuation Disconnect

Green Growth Makes the Offer for Aphria Official

As investors, we think the official offer from Green Growth Brands (GGB) undervalues the company, no question. However, it provides a positive piece of information to investors. If the prolific Schottenstein family is willing to make an official offer and put significant capital at risk to buy Aphria, they are signalling to the market they believe regulatory- and lawsuit-related tail risks are manageable and will not impair the ultimate value of the Aphria assets. This is a powerful signal to send to other suitors who may be struggling with how to value Aphria's liabilities. Sentiment is likely shifting in Aphria's favour, making it more likely a higher offer will eventually appear if shareholders reject the offer from GGB and Aphria's stock languishes. The GGB offer has also signalled to the market that Aphria will not stay independent forever at its current price. Other cannabis players know they could never put together a similar Canadian asset package and international footprint for only $1.7 billion, Aphria's current USD market cap. Aphria trades at a 50% capacity discount to peers, presenting a wholly unique opportunity for a U.S. operator with expensive paper such as Acreage, Curaleaf, or Green Thumb to think two steps ahead and pick up a unique international footprint to be ready when the cannabis market goes global. They could offer $12 per gram, presenting 25% upside for current investors then turn around and sell the Canadian capacity for $15 per gram, still a significant discount for a potential acquirer but netting the company a cool $750 million profit.  

Plan B - Aphria Continues As Is

If at the end of the day, no offer comes along that management and shareholders believe is realistic, Aphria can still go it alone and investors will be handily rewarded. Aphria has $173 million of cash in the bank, enough to support the company until it finishes the remaining $85 million of greenhouse construction in Canada and brings the entire 255,000 kg of annual capacity online later this year. Starting in 2020 Aphria's capacity should generate enough cash flow for investors to realize a juicy 10%-20% free cash flow yield. At this point, Aphria's stock should trade for at least C$15/share or the company becomes an extremely attractive takeout target. Luckily, as Aphria investors we are effectively being paid to wait, with potential acquirers on the prowl and a wave of free cash flow just beyond the horizon. Canadian LP Current Gross Margin The Green Growth offer significantly undervalues Aphria. Investors should feel comfortable owning the company as a standalone future cash flow machine.  #potstocks #marijuanastocks  $ACRG.U $APHA $CURA $GGB $GTII Read the full article

[cannabisbusinessexecutive]

Acreage Announces Operational Updates, Executive Resignation, Suspension of Guidance and Termination of Proposed Deep Roots Acquisition

PRESS RELEASE

NEW YORK, April 03, 2020 (GLOBE NEWSWIRE) — Acreage Holdings, Inc.(“Acreage” or the “Company”) (CSE: ACRG.U) (OTCQX: ACRGF) (FSE: 0VZ) today announced a series of operational updates and strategic business decisions related to the significant impact of the COVID-19 pandemic and other uncontrollable factors that have greatly shifted the cannabis landscape. The moves are intended to…

[wealthyvc]

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