NEW YORK, August 23, 2021 (GLOBE NEWSWIRE) – Acreage Holdings, Inc. (“Acreage” or the “Company”) (CSE: ACRG.AU, ACRG.BU), (OTCQX: ACRHF, ACRDF), a vertically integrated multi-state operator of cannabis cultivation and retail facilities in United States, today announced that Bryan Murray has been named Executive Vice President of Government Relations effective August 23rd.
“I am delighted to welcome Bryan to the Acreage team and look forward to his leadership in building collaborative relationships with government officials, regulators and partners at the local, state and national levels and in advancing cannabis legislation, ”said Peter Caldini, CEO of Superficial. “Bryan brings a wealth of regulatory and policy experience to his 13 years with Pfizer. He has extensive experience driving regional and local policy initiatives in the United States and Canada. Bryan combines an excellent blend of strategic thought leadership and the ability to partner with key policy makers to achieve lasting results.
Bryan brings an impressive and diverse skill set to Acreage that focuses on helping those in need through leadership and government reform. From 2006 to 2019, he held various positions of increasing responsibility at Pfizer in government relations and public affairs. Bryan developed Pfizer’s Policy on Economic and Social Impact in Key Markets as Global Operations Lead for Public Affairs. He has served as the Director of Corporate Alliance Development for New York and New England and has been successful in mobilizing individuals, businesses and local government organizations to support healthcare legislation. In his role as Director of Public Affairs, Bryan launched a successful campaign to support access to innovative pain therapies in the United States and Canada. Prior to joining Pfizer, Bryan was Director of Campus Ministry and Director of Fund Development for The Impact Movement. Most recently, Bryan served as Senior Director of Marketing and Communications at Mid-America Seminary and College, where he initiated and led the institution’s global rebranding.
Bryan received a Bachelor of Arts from the University of Oregon in Eugene, Oregon and a Master of Business Administration from Saint Leo University in Saint Leo, Florida.
ON THE AREA
With its primary address in New York City, Acreage is a multi-state operator of cannabis cultivation and retail facilities in the United States, including the company’s national retail store brand, The botanist. Acreage’s wide range of nationally and regionally available cannabis products include the The botanist brand, the very recognizable Tweed brand, the First medical brand in Pennsylvania, the Innocent brand of edibles in Illinois and others. Acreage also owns Universal Hemp, LLC, a hemp subsidiary dedicated to the distribution, marketing and sale of CBD products across the United States. brand experience. More information is available at www.acreageholdings.com.
On June 27, 2019, Acreage entered into an agreement under Section 288 of the Business Corporations Act (British Columbia) with Canopy Growth Corporation (“Canopy Growth”), which was subsequently amended on 23 September 2020 (the “Amended Arrangement”). . Pursuant to the Amended Arrangement, upon the occurrence (or waiver by Canopy Growth) of changes in federal laws in the United States to permit the general cultivation, distribution and possession of marijuana (as defined in the relevant legislation ) or to remove the regulation of such activities by United States federal laws (the “Trigger Event”), Canopy Growth, subject to the satisfaction or waiver of certain closing conditions, will acquire all of the shares from issued and outstanding category E subordinate voting rights (the “Fixed Shares”) on the basis of 0.3048 Canopy Growth shares per Fixed Share (following the automatic conversion of the category F multiple voting shares and subject to adjustment in accordance with the terms of the arrangement agreement entered into between Acreage and Canopy Growth on April 18, 2019, as amended on May 15, 2019 and September 23, 2020).
In addition, Canopy Growth holds an option, exercisable at the discretion of Canopy Growth, to acquire all of the issued and outstanding Class D subordinate voting shares (the “Floating Rate Shares”) at the time Canopy Growth acquires the fixed shares, for cash or Canopy Growth shares, as Canopy Growth may determine, at a price per floating share based on the 30-day volume weighted average price of the CSE floating shares relative to the Canopy Growth shares trading price at the time of the occurrence or waiver of the trigger event, subject to a minimum price of $ 6.41 per float share.
For further information on the Amended Arrangement, please see Acreage’s Proxy Circular and Management Information Circular dated August 17, 2020 (the “Circular”) and the respective information circulars. ” Acreage and Canopy Growth dated May 17, 2019, which are available on the respective profiles of Acreage and Canopy Growth on SEDAR at www.sedar.com and filed with the SEC on the EDGAR website at www.sec.gov. For more information on Canopy Growth, please see Canopy Growth’s profile on SEDAR at www.sedar.com.
This press release and each of the documents referred to herein contain “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws in Canada and the United States, respectively. All statements, other than statements of historical fact, included herein are forward-looking information, including, for greater certainty, statements regarding the Amended Arrangement, including Acreage’s position in the New Jersey market. , the likelihood of its occurrence, the occurrence or waiver of the triggering event, the satisfaction or waiver of the closing conditions set out in the Arrangement Agreement and other statements regarding the proposed transactions with Canopy Growth. Often, but not always, forward-looking statements and information can be identified using words such as “plans”, “expects” or “does not expect”, “is expected”, “Estimated”, “intention”, “” anticipates “or” does not anticipate “, or” believes “, or variations of these words and expressions or state that certain actions, events or results” may “,” could ”,“ would ”,“ could ”or“ will ”be taken, occur or be reached.
Forward-looking statements or information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Acreage or its subsidiaries to be materially different from the future results, performance or achievements expressed. or implied by any forward-looking statements or information contained in this press release. The risks, uncertainties and other factors involved in forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information, including but not limited to limit, the funding and liquidity risks and the risks disclosed in the circular, the management information circular of Acreage dated May 17, 2019 filed on May 23, 2019, the annual report of Acreage on Form 10-K for the fiscal year ended December 31, 2020 dated March 25, 2021 and Acreage’s other public documents, in each case filed with the SEC on EDGAR’s website at www.sec.gov and from Canadian securities regulatory authorities and available on Acreage’s issuer profile on SEDAR at www.sedar.com. Although Acreage has attempted to identify material factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that may cause results to be inaccurate. those anticipated, estimated or planned.
Although Acreage believes that the assumptions and factors used in the preparation of forward-looking information or forward-looking statements in this press release are reasonable, such information should not be relied upon and no assurance can be given that such events will occur within the disclosed time frame or not at all. The forward-looking information and forward-looking statements included in this press release are made as of the date of this press release and Acreage does not undertake to publicly update such forward-looking information or forward-looking statements to reflect new information, events. subsequent or otherwise, unless required by applicable securities laws.
Neither the Canadian Securities Exchange nor its regulatory services provider has reviewed and accepts no responsibility for the adequacy or accuracy of the contents of this press release.
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