Acreage Enters into Amended and Restated Credit Agreement Approximately $8 Million of Net Proceeds for Acreage provides funds to fuel growth New maturity date of September 2027 enables additional financial flexibilityAcreage Holdings, Inc. • September 19th, 2024 • Retail-miscellaneous retail
NEW YORK, September 13, 2024 -- Acreage Holdings, Inc. (“Acreage” or the “Company”) (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRHF, ACRDF), a vertically integrated, multi-state operator of cannabis cultivation and retailing facilities in the U.S., is pleased to announce that it has entered into an amended and restated credit agreement (the “Amended and Restated Credit Agreement”) with a subsidiary of Canopy Growth Corporation (“Canopy”) and a third-party lender (the “New Lender”), amending the amended and restated credit agreement dated June 3, 2024 among Acreage, High Street Capital Partners, LLC, as borrower, and the other parties thereto (the “Prior Credit Agreement”).
SECOND AMENDED AND RESTATED CREDIT AGREEMENTCredit Agreement • September 19th, 2024 • Acreage Holdings, Inc. • Retail-miscellaneous retail • New York
THIS INDEBTEDNESS GOVERNED HEREBY HAS BEEN ISSUED WITH ORIGINAL ISSUE DISCOUNT FOR U.S. FEDERAL INCOME TAX PURPOSES. FOR FURTHER INFORMATION REGARDING THE ISSUE PRICE, THE AMOUNT OF ORIGINAL ISSUE DISCOUNT, THE ISSUE DATE AND THE YIELD TO MATURITY OF SUCH INDEBTEDNESS, THE LENDER SHOULD CONTACT COREY SHEAHAN AT ADDRESS: 366 MADISON AVENUE, 14th FLOOR, NEW YORK, NEW YORK, 10017 AND E-MAIL: [****] WHO WILL PROMPTLY MAKE SUCH INFORMATION AVAILABLE.
