Elevated capability will assist The Botanist retail shops and wholesale market in New Jersey
NEW YORK, Oct. 28, 2021 (GLOBE NEWSWIRE) — Acreage Holdings, Inc. (“Acreage”) (CSE:ACRG.A.U, ACRG.B.U), (OTCQX: ACRHF, ACRDF), a vertically built-in, multi-state operator of hashish cultivation and retailing services within the U.S., right now introduced the completion of an enlargement at its Egg Harbor Township, New Jersey cultivation facility (the “Facility”). The enlargement maximized the cultivation and manufacturing footprint of the ~85,000 sq. foot facility, which finally elevated capability output fourfold.
Acreage accomplished the enlargement on the Facility to assist rising retail demand at Acreage’s The Botanist places and to provide the sturdy and quickly rising wholesale market within the state with its prime quality indoor grown flower and merchandise. Acreage at present operates three dispensaries in New Jersey positioned in Egg Harbor Township (100 Century Drive), Williamstown (2090 N Black Horse Pike) and Atlantic Metropolis (1301 Boardwalk), the utmost quantity allowable by state regulation, in addition to a cultivation and processing facility.
“Our enhanced Facility offers a strong basis to scale up operations and assist progress within the engaging New Jersey market forward of the graduation of adult-use gross sales,” mentioned Peter Caldini, Chief Govt Officer, Acreage. “We’re dedicated to increasing our capabilities in our core states and with this enlargement accomplished, Acreage is effectively positioned to be one of many strongest market leaders within the State.”
About Acreage Holdings, Inc.
Acreage is a multi-state operator of hashish cultivation and retailing services within the U.S., together with the corporate’s nationwide retail retailer model, The Botanist. With its principal deal with in New York Metropolis, Acreage’s wide selection of nationwide and regionally obtainable hashish merchandise embody the award-winning The Botanist model, the extremely recognizable Tweed model, the Prime medical model in Pennsylvania, the Harmless edibles model in Illinois, craft model Superflux in Illinois and Ohio, and others. Acreage additionally owns Common Hemp, LLC, a hemp subsidiary devoted to the distribution, advertising and sale of CBD merchandise all through the U.S. Since its founding in 2011, Acreage has targeted on constructing and scaling operations to create a seamless, consumer-focused, branded expertise. Be taught extra at www.acreageholdings.com and observe us on Twitter, LinkedIn, Instagram, and Facebook.
For extra data and paperwork associated to the Acreage and Cover Progress Company plan of association, please go to: https://investors.acreageholdings.com/acreage-canopy-deal/
Ahead Trying Statements
This information launch and every of the paperwork referred to herein accommodates “forward-looking data” and “forward-looking statements” throughout the that means of relevant Canadian and United States securities laws, respectively. All statements, apart from statements of historic reality, included herein are forward-looking data, together with, for higher certainty, statements concerning the Amended Association, together with the chance of completion thereof, the incidence or waiver of the Triggering Occasion, the satisfaction or waiver of the closing circumstances set out within the Association Settlement and different statements with respect to the proposed transactions with Cover Progress. Typically, however not at all times, forward-looking statements and knowledge may be recognized by way of phrases similar to “plans”, “expects” or “doesn’t count on”, “is predicted”, “estimates”, “intends”, “anticipates” or “doesn’t anticipate”, or “believes”, or variations of such phrases and phrases or state that sure actions, occasions or outcomes “could”, “might”, “would”, “would possibly” or “will” be taken, happen or be achieved.
Ahead-looking statements or data contain identified and unknown dangers, uncertainties and different elements which can trigger the precise outcomes, efficiency or achievements of Acreage or its subsidiaries to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking statements or data contained on this information launch. Dangers, uncertainties and different elements concerned with forward-looking data might trigger precise occasions, outcomes, efficiency, prospects and alternatives to vary materially from these expressed or implied by such forward-looking data, together with, however not restricted to financing and liquidity dangers, and the dangers disclosed within the Firm’s Annual Report on Kind 10-Okay for the yr ended December 31, 2020, dated March 25, 2021 and the Firm’s different public filings, in every case filed with the SEC on the EDGAR web site at www.sec.gov and with Canadian securities regulators and obtainable on the issuer profile of Acreage on SEDAR at www.sedar.com. Though Acreage has tried to determine vital elements that might trigger precise outcomes to vary materially from these contained in forward-looking data, there could also be different elements that trigger outcomes to not be as anticipated, estimated or supposed.
Though Acreage believes that the assumptions and elements utilized in getting ready the forward-looking data or forward-looking statements on this information launch are cheap, undue reliance shouldn’t be positioned on such data and no assurance may be on condition that such occasions will happen within the disclosed time frames or in any respect. The forward-looking data and forward-looking statements included on this information launch are made as of the date of this information launch and Acreage doesn’t undertake any obligation to publicly replace such forward-looking data or forward-looking statements to mirror new data, subsequent occasions or in any other case except required by relevant securities legal guidelines.
Neither the Canadian Securities Trade nor its Regulation Service Supplier has reviewed and doesn’t settle for accountability for the adequacy or accuracy of the content material of this information launch.
For extra data, contact:
Steve Goertz
Chief Monetary Officer
[email protected]
Courtney Van Alstyne
MATTIO Communications
[email protected]
