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Acreage Announces Closing of Divestiture of Florida


Acreage Announces Closing of Divestiture of Florida Operations
April 28, 2021 07:30 ET
| Source:
Acreage Holdings, Inc.
Acreage Holdings, Inc.
NEW YORK, April 28, 2021 (GLOBE NEWSWIRE)
Acreage Holdings, Inc. (“Acreage”) (CSE:ACRG.A.U, ACRG.B.U), (OTCQX: ACRHF, ACRDF) a vertically integrated, multi-state operator of cannabis licenses and assets in the U.S., today announced it has closed its previously disclosed agreement to divest 100% of its Acreage Florida, Inc. subsidiary to Red White and Bloom Brands, LLC (the “Buyer”).
“We continue to deliver on our commitments to strengthen our balance sheet and focus our business on core states, which are primarily in the Northeast and Midwest,” said Peter Caldini, Chief Executive Officer of Acreage. “The divestiture of our Florida operations was a significant milestone for Acreage as it accelerates our path to profitability. We are excited to close this chapter and ....

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