Acreage Holdings Announces Filing of Proxy Statement Related to Amended Arrangement with Canopy Growth
Acreage Holdings, Inc. (CSE: ACRG.U) (OTCQX: ACRGF) (FSE: 0VZ) announces that it: (i) obtained an interim order of the Supreme Court of British Columbia in connection with its proposed amended arrangement involving Canopy Growth Corporation to be implemented under a statutory plan of arrangement pursuant to section 288 of the Business Corporations Act (British Columbia); and (ii) filed its proxy statement and management information circular and related materials in respect of the special meeting of Acreage shareholders to be held on September 16, 2020 to approve the Amended Arrangement and matters related thereto.
Headquartered in New York City, Acreage is a vertically integrated, multi-state operator of cannabis licenses and assets in the U.S. 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.
Implementation of the Amended Arrangement is subject to obtaining the final order of the Court, approvals from Shareholders at the Meeting, Canadian Securities Exchange approval, and satisfaction of certain other conditions to implementing the Amended Arrangement as set forth in the proposal agreement dated June 24, 2020 between Acreage and Canopy Growth (the “Proposal Agreement”), a copy of which is available on Acreage’s profile on SEDAR at www.sedar.com and has been filed with the U.S. Securities and Exchange Commission (the “SEC”) on the EDGAR website at www.sec.gov.