secwatch.observer — SEC 8-K summary
======================================

Issuer:     Acreage Holdings, Inc. (—)
CIK:        0001762359
Form:       8-K
Filed at:   2024-12-09T23:59:59+00:00
Accession:  0001628280-24-050452
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 2.01, 3.03, 5.01, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1762359/000162828024050452/0001628280-24-050452-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1762359/000162828024050452/acrg-20241209.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-050452

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer