---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-050452"
form_type: "8-K"
ticker: null
cik: "0001762359"
company_name: "Acreage Holdings, Inc."
filed_at: "2024-12-09T23:59:59+00:00"
generated_at: "2026-05-29T05:44:12.631829+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Canopy USA completes acquisition of Acreage Holdings for ~$21.2M in Canopy Growth shares

## Summary
- Canopy USA acquired 100% of Acreage on Dec 9, 2024; shareholders received ~0.045 Canopy Growth shares per Acreage share.
- Canopy Growth issued ~5.89M shares (~US$21.2M) to former Acreage holders, plus ~306k shares for minority interests.
- Additional consideration: ~US$19.5M in Bonus Payment Canopy Shares and issuance of 1.3M shares and 1.2M warrants to satisfy put liability.
- John Boehner and Bill Van Faasen resigned from board; Corey Sheahan becomes sole director/officer.
- Acreage shares to be delisted from CSE; company to cease being a reporting issuer in Canada.

## SEC filing metadata
- accession: 0001628280-24-050452
- form_type: 8-K
- cik: 0001762359
- company_name: Acreage Holdings, Inc.
- filed_at: 2024-12-09T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 2.01, 3.03, 5.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1762359/000162828024050452/0001628280-24-050452-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1762359/000162828024050452/acrg-20241209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-050452
- JSON: https://secwatch.observer/filing/0001628280-24-050452.json
- Plain text: https://secwatch.observer/filing/0001628280-24-050452.txt

## Key facts
- M&A Transactions
  Acreage Holdings, Inc. completed an acquisition involving Canopy USA, LLC for approximately US$21.2 million (closed 2024-12-09).
  - Action: acquisition
  - Counterparty: Canopy USA, LLC
  - Consideration: approximately US$21.2 million
  - Closing: 2024-12-09
  source text: Fixed Share Arrangement (the “ Fixed Share Consideration ”). In aggregate, Canopy Growth issued approximately 5.89 million Canopy Shares (with a value equal to approximately US$21.2 million) to former Acreage shareholders, as well as approximately 306,000 Canopy Shares issuable in connection with Canopy USA’s acquisition of the minority interests of certain
  evidence_url: https://www.sec.gov/Archives/edgar/data/1762359/000162828024050452/0001628280-24-050452-index.htm
- M&A Transactions
  Acreage Holdings, Inc. underwent a change of control involving Canopy USA, LLC for approximately US$21.2 million (closed 2024-12-09).
  - Action: change of control
  - Counterparty: Canopy USA, LLC
  - Consideration: approximately US$21.2 million
  - Closing: 2024-12-09
  source text: Fixed Share Arrangement (the “ Fixed Share Consideration ”). In aggregate, Canopy Growth issued approximately 5.89 million Canopy Shares (with a value equal to approximately US$21.2 million) to former Acreage shareholders, as well as approximately 306,000 Canopy Shares issuable in connection with Canopy USA’s acquisition of the minority interests of certain
  evidence_url: https://www.sec.gov/Archives/edgar/data/1762359/000162828024050452/0001628280-24-050452-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.