Acreage Holdings

Acreage Celebrates Launch of Adult-Use Sales at Vernon, Connecticut Dispensary

Retrieved on:

Monday, March 11, 2024

NEW YORK, March 11, 2024 (GLOBE NEWSWIRE) -- Acreage Holdings, Inc. (“Acreage” or the “Company”) (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRHF, ACRDF), a vertically integrated, multi-state operator of cannabis cultivation and retailing facilities in the U.S., today announced the commencement of adult-use sales at its Vernon, Connecticut dispensary.

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NEW YORK, March 11, 2024 (GLOBE NEWSWIRE) -- Acreage Holdings, Inc. (“Acreage” or the “Company”) (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRHF, ACRDF), a vertically integrated, multi-state operator of cannabis cultivation and retailing facilities in the U.S., today announced the commencement of adult-use sales at its Vernon, Connecticut dispensary.
The Botanist Vernon is now operating as a hybrid dispensary, providing its full suite of products to both medical patients and adult-use customers.
The dispensary has a wide range of products both in-store and online, including flower, pre-rolls, vapes, edibles, and accessories.
For a seamless experience, patients will have the option to either shop in-store or pre-order products online for pick up directly at the dispensary.

Acreage Broadens Footprint with Relocation of Third Dispensary in Connecticut

Retrieved on:

Thursday, January 25, 2024

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NEW YORK, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Acreage Holdings, Inc. (“Acreage” or the “Company”) (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRHF, ACRDF), a vertically integrated, multi-state operator of cannabis cultivation and retailing facilities in the U.S., today announced the relocation of its third Connecticut location to the town of Vernon, marking the first-ever cannabis dispensary in the borough of over 30,000 residents.

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Located at 234 Talcotville Road, Vernon, CT, The Botanist Vernon is surrounded by many local businesses and restaurants with quick access to Route 84.
The dispensary will provide medical patients with full access to a wide range of products both in-store and online, including flower, pre-rolls, vapes, edibles, and accessories.
For a seamless experience, patients will have the option to either shop in-store or pre-order products online to pick up directly at the dispensary.
For more details, online pre-ordering, and a full list of locations in Connecticut, please visit shopbotanist.com .

Acreage Enters New York Adult-Use Market with First Wholesale Product Sale

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Wednesday, January 3, 2024

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NEW YORK, Jan. 03, 2024 (GLOBE NEWSWIRE) -- Acreage Holdings, Inc. (“Acreage” or the “Company”) (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRHF, ACRDF), a vertically integrated, multi-state operator of cannabis cultivation and retailing facilities in the U.S., today announced it has launched Adult-Use (“AU”) operations in New York.

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“We are tremendously proud to officially become an adult-use wholesale distributor in New York,” said Dennis Curran, Chief Executive Officer and Chairman of Acreage.
“As a New York-headquartered company and long-time medical operator in the state, we have been anxiously awaiting the launch of our adult-use operations here.
We have built strong relationships in New York and are well prepared for this long-anticipated AU launch, with our team having identified key partners for sales.
On December 8, 2023, NYCANNA, LLC, a wholly owned subsidiary of Acreage, received approval to enter New York’s AU market from the New York Cannabis Control Board (“CCB”).

Acreage Launches The Botanist Gummies in New York and Provides Core Market Update

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Friday, December 22, 2023

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The new offerings are now available at The Botanist dispensaries in Farmingdale, Queens, Middletown, and Buffalo, as well as various partner dispensaries next week across New York.

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The new offerings are now available at The Botanist dispensaries in Farmingdale, Queens, Middletown, and Buffalo, as well as various partner dispensaries next week across New York.
These flavor-forward THC-infused gummies complement The Botanist’s diverse selection of award-winning flower, pre-rolls, vapes, tinctures, and extracts already available in the state.
New York follows Illinois, Massachusetts, Maine, and Ohio as the fifth Acreage market to offer this product.
“We are delighted to bring our well-crafted and delicious gummies to the Empire State,” said Dennis Curran, Chief Executive Officer and Chairman of Acreage.

Acreage Announces Executive Leadership Transition

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Friday, December 8, 2023

NYU Langone Health, Interim, FP, Acreage Holdings, Finance, Management

“Philip has been an integral member of Acreage for a number of years, and we are very pleased to welcome him to the executive team,” said Dennis Curran, Chief Executive Officer and Chairman of Acreage.

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“Philip has been an integral member of Acreage for a number of years, and we are very pleased to welcome him to the executive team,” said Dennis Curran, Chief Executive Officer and Chairman of Acreage.
“Philip has demonstrated outstanding leadership and played a crucial role in several Company milestones, including the streamlining of our operations and recent enterprise resource planning rollout.
Philip has held leadership roles in financial planning & analysis at Blackrock and operational finance and controllership roles at NYU Langone Medical Center.
At Acreage, he has led the FP&A team and has contributed to various corporate development and strategic planning initiatives.

Acreage Deepens New Jersey Operations with Completion of Egg Harbor Facility Expansion

Retrieved on:

Thursday, December 7, 2023

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NEW YORK, Dec. 07, 2023 (GLOBE NEWSWIRE) -- Acreage Holdings, Inc. (“Acreage” or the “Company”) (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRHF, ACRDF), a vertically integrated, multi-state operator of cannabis cultivation and retailing facilities in the U.S., announced the completion of its infrastructure expansion at its facility in Egg Harbor Township, New Jersey. The multi-faceted cultivation and processing upgrades support the ongoing demand for products at both the retail and wholesale levels, as well as the broadening of the Company’s brand and product offerings in the burgeoning New Jersey market. Additionally, with the expansion, the Company expects to increase headcount by approximately 15% at the facility as of Q1 2024.

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Expansion expected to increase employee headcount by ~15% at the facility, creating and fostering high-quality jobs within the Egg Harbor Township community
NEW YORK, Dec. 07, 2023 (GLOBE NEWSWIRE) -- Acreage Holdings, Inc. (“Acreage” or the “Company”) (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRHF, ACRDF), a vertically integrated, multi-state operator of cannabis cultivation and retailing facilities in the U.S., announced the completion of its infrastructure expansion at its facility in Egg Harbor Township, New Jersey.
Additionally, with the expansion, the Company expects to increase headcount by approximately 15% at the facility as of Q1 2024.
“We are absolutely thrilled to have completed the expansion of our Egg Harbor Township facility,” said Sharon Ali, Executive Vice President, Mid-Atlantic Region at Acreage.
“New Jersey is one of our cornerstone markets, where we continue to bolster our position as a leading operator in the state.

Acreage Reports Third Quarter 2023 Financial Results

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Tuesday, November 14, 2023

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NEW YORK, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Acreage Holdings, Inc. (“Acreage” or the “Company”) (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRHF, ACRDF), a vertically integrated, multi-state operator of cannabis cultivation and retailing facilities in the U.S., today reported its financial results for the third quarter ended September 30, 2023 (“Q3 2023”).

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Delivered record wholesale sales in New Jersey with the Company’s large-scale infrastructure project at the Egg Harbor Township, NJ facility nearing completion
NEW YORK, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Acreage Holdings, Inc. (“Acreage” or the “Company”) (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRHF, ACRDF), a vertically integrated, multi-state operator of cannabis cultivation and retailing facilities in the U.S., today reported its financial results for the third quarter ended September 30, 2023 (“Q3 2023”).
Consolidated revenue of $56.5 million, a decrease of 2.8% compared to the quarter ended June 30, 2023 (“Q2 2023”).
Excluding the impact of non-cash inventory adjustments, gross margin for Q3 2023 was 41%.
Achieved strong results in New Jersey, including the highest statewide year-over-year sales growth with an increase of 34% for YTD 2023 compared to YTD 2022.

Acreage Introduces Craft Cannabis Brand Superflux to New Jersey

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Monday, October 30, 2023

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NEW YORK, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Acreage Holdings, Inc. (“Acreage” or the “Company”) (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRHF, ACRDF), a vertically integrated, multi-state operator of cannabis cultivation and retailing facilities in the U.S., announced that it will debut its Superflux craft cannabis brand in New Jersey on November 1, 2023. With a next-level strain inventory curated with dedication and passion, the Superflux product line offers unique traits, uncommon terpenes, and uncanny aromas to preserve the true essence of cannabis.

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NEW YORK, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Acreage Holdings, Inc. (“Acreage” or the “Company”) (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRHF, ACRDF), a vertically integrated, multi-state operator of cannabis cultivation and retailing facilities in the U.S., announced that it will debut its Superflux craft cannabis brand in New Jersey on November 1, 2023.
With a next-level strain inventory curated with dedication and passion, the Superflux product line offers unique traits, uncommon terpenes, and uncanny aromas to preserve the true essence of cannabis.
“We are thrilled to bring Superflux to New Jersey, an unparalleled craft offering created to celebrate the distinct character of each cannabis plant and the craftsmanship of its cultivators,” said Patricia Rosi, Chief Marketing and Strategy Officer of Acreage.
With the addition of New Jersey, Superflux is now available across four states, including Ohio, Illinois, and Massachusetts.

Elevated Spirits Announces Senior Leadership Team Appointments to Drive Growth of Cierto Tequila, the Most Awarded Tequila in History

Retrieved on:

Friday, August 11, 2023

Bakshi, a 21-year Diageo alumna, brings a depth of experience within premium agave spirits.

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Bakshi, a 21-year Diageo alumna, brings a depth of experience within premium agave spirits.
As Vice President of Marketing for Tequila, she led the world’s largest tequila trademarks to breakthrough growth within a highly competitive and rapidly growing segment.
“I’m incredibly proud of the exceptional team we have at Elevated Spirits,” said Todd Chaffee – Chairman and Co-founder of Elevated Spirits.
Elevated Spirits invites drinkers to savor Cierto slowly and celebrate responsibly.

Acreage Reports Second Quarter 2023 Financial Results

Retrieved on:

Wednesday, August 9, 2023

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NEW YORK, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Acreage Holdings, Inc. (“Acreage” or the “Company”) (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRHF, ACRDF), a vertically integrated, multi-state operator of cannabis cultivation and retailing facilities in the U.S., today reported its financial results for the second quarter ended June 30, 2023 (“Q2 2023”).

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NEW YORK, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Acreage Holdings, Inc. (“Acreage” or the “Company”) (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRHF, ACRDF), a vertically integrated, multi-state operator of cannabis cultivation and retailing facilities in the U.S., today reported its financial results for the second quarter ended June 30, 2023 (“Q2 2023”).
Consolidated revenue of $58.1 million, an increase of 3.8% compared to quarter ended March 31, 2023 (“Q1 2023”).
Excluding the impact of non-cash inventory adjustments, gross margin for Q2 2023 was 44%.
Expanded the Company’s leadership team to include deep cannabis operational expertise, and appointed Dennis Curran to Chief Executive Officer and Carl Nesbitt to Chief Financial Officer.