13:16:38 EDT Tue 23 Apr 2024
Enter Symbol
or Name
USA
CA



Acreage Holdings Inc
Symbol ACRG
Shares Issued 21,443,042
Close 2018-11-15 U$ 20.25
Market Cap U$ 434,221,601
Recent Sedar Documents

Globe says U.S.-based Acreage, Harvest list on CSE

2018-11-16 08:47 ET - In the News

Also In the News (C-HARV) Harvest Health & Recreation Inc

The Globe and Mail reports in its Friday edition that two of the largest U.S. cannabis companies went public in Canada on Thursday, joining dozens of other American marijuana firms that have come north to raise capital. The Globe's Christina Pellegrini writes that New York-based Acreage Holdings and Arizona-based Harvest Health & Recreation listed their shares on the Canadian Securities Exchange, which has become the country's go-to market for U.S. pot stocks. They are both coming to market with share structures that cede voting control to one or two key executives. Last month, ahead of their public listings, Acreage, which has attracted former politicians John Boehner and Brian Mulroney to its board, raised $314-million at a valuation of $2.5-billion before the money was added (all figures U.S.). Harvest raised $218-million at a $1.5-billion valuation before the cash injection. Acreage's round was at $25 and its shares closed Thursday at $20.25. Harvest priced its offering at $6.55 and its stock closed at $6.98. Even though cannabis is legal in some form in many U.S. states, the drug is still prohibited under U.S. federal laws. That status has kept most large American lenders and investors on the sidelines.

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