Brief: Acreage And Canopy Enter Into New U.S. Strategic Arrangement

Acreage Holdings

25/10/2022 12:59

Oct 25 (Reuters) - Acreage Holdings Inc  ACRGau.CD :
    * ACREAGE AND CANOPY ENTER INTO NEW U.S. STRATEGIC
ARRANGEMENT
    * ACREAGE HOLDINGS - ACREAGE’S $150 MILLION CREDIT FACILITY
IS
AMENDED, PROVIDING IMMEDIATE ACCESS TO $25 MILLION AND INCREASED
FINANCIAL FLEXIBILITY
    * ACREAGE - CANOPY TO ACQUIRE 100% OF CO BY WAIVING EXISTING
FLOATING SHARE OPTION AND ENTERING INTO A NEW FLOATING SHARE
ACQUISITION AGREEMENT, OTHERS
    * ACREAGE - CANOPY TO BUY 100% OF CO BY ALSO COMMITTING TO
EXERCISE FIXED SHARE OPTION, ALL SUBJECT TO REQUIRED APPROVALS &
TERMS OF RELATED AGREEMENTS

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