acreage holdings

Acreage affiliate Greenleaf resolves Ohio dispute, can open marijuana dispensaries

Greenleaf Apothecaries – an affiliate of New York-based multistate operator Acreage Holdings – is poised to open three medical cannabis dispensaries in Ohio after resolving its dispute with state regulators. The company, which does business as The Botanist and Harvest of Ohio, was prohibited from opening new dispensaries until its case was resolved. Regulators in […]

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California cannabis company accused of breach of contract, fraud

The owners of a high-profile marijuana shop in Southern California – Santa Ana’s 420 Central – are accused in a lawsuit of defrauding investors. The suit, filed in Orange County Superior Court of California, contains a host of salacious allegations, including one that founder and CEO Robert Taft ran an unlicensed marijuana grow operation in Sonoma County. […]

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Maine’s largest medical marijuana firm at heart of business dispute

Maine’s biggest medical cannabis operator is trying to end its relationship with a company behind its fast-growing edibles operation. Wellness Connection, based in Portland, Maine, contends CanWell of Rhode Island is to blame for $14 million in losses caused by low yields from its extraction equipment and processes. CanWell, meanwhile, says the charges were trumped […]

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New York-based marijuana REIT raises $141 million

GreenAcreage Real Estate Corp., a real estate investment trust (REIT) that serves the cannabis industry, on Monday announced it raised roughly $141 million when it completed a private placement of about 7 million shares. GreenAcreage, headquartered in New York, is an independently managed REIT that intends to provide sale-leaseback and build-to-suit transactions for those in […]

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Rhode Island cannabis company seeks arbitration against Acreage Holdings

Acreage Holdings, one of the largest multistate operators in the U.S. marijuana market, faces a demand for arbitration from a Rhode Island company that claims Acreage violated a contract agreement. CanWell filed an arbitration request alleging that New York-based Acreage breached a noncompete portion of an operating agreement the companies signed in 2018 by pursuing competing […]

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Acreage reports improved cannabis revenue, net loss for quarter

Acreage Holdings, a New York-based multistate marijuana operator, on Tuesday reported net quarterly revenue of $17.7 million for the three months ended June 30, up more than five times from the same period last year. Net loss totaled $33.9 million for the company, which is due to be acquired by Canadian cannabis giant Canopy Growth […]

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Marijuana Business This Week: Canopy, Acreage shareholders vote, Springfield selects, OK inspects & more

Here are some notable stories and events to watch for in the coming days: DAY OF DECISION: Shareholders of Canopy Growth and Acreage Holdings are scheduled to vote Wednesday on the much-heralded megamerger of the two companies. If consummated, it would become the first major Canadian/U.S. cannabis transaction. Each company’s shareholders will vote separately. At least […]

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Cannabis firm Acreage, Maine partner might sue over state residency requirements

The largest medical marijuana company in Maine threatened to sue the state if it doesn’t alter course on proposed residency requirements for recreational cannabis business permits. According to the Portland Press Herald, MMJ provider Wellness Connection has financial ties to New York-based multistate operator Acreage Holdings, and the recreational rules as currently written would prohibit […]

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Multistate cannabis firm Acreage reports first-quarter net loss of $31.2 million

Acreage Holdings, a New York-based multistate cannabis operator, reported quarterly revenues of $12.9 million for the three months ended March 31, 2019. The company also reported a net loss for the period of $31.2 million. The company did not disclose in its news release how this compared to revenue and profit/loss for the year-ago period. […]

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Acreage to sell cannabis real estate assets to newly formed REIT

New York-based marijuana company Acreage Holdings said it agreed to sell cannabis-related real estate to a newly formed real estate investment trust (REIT), GreenAcreage Real Estate Corp., under a leaseback agreement between the two companies. The price wasn’t disclosed. Acreage holds a 20% interest in GreenAcreage Real Estate Corp. (GARE). Acreage CEO Kevin Murphy also […]

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