Company
Acreage Holdings is the largest vertically integrated, multi-state operator of cannabis assets in the U.S. Acreage consists of holdings of cultivation and production facilities as well as recreational and medical dispensaries, including operating licenses in 19 states, serving a population of more than 172 million Americans. Acreage is dedicated to building and scaling operations to create a seamless, consumer-focused branded cannabis experience.
Location
New York, NY
Sector
Consumer
Position
Realized
Transaction
Northwood invested in a growth equity round in early 2018, and the company completed its public offering, raising an additional $300 million, on the Canadian exchange in November 2018. In 2019, Acreage entered into an agreement to be acquired by Canopy Growth Corporation (NYSE: CGC), providing the company with $300 million in cash and an ultimate acquisition subject to legislation legalizing certain parts of the cannabis industry in the United States. Northwood sold its position through open market sales between 2019 and 2021. (CSNX: ACRG.U; OTC: ACRGF) acreageholdings.com
