{"id":39888,"date":"2023-12-26T00:41:06","date_gmt":"2023-12-26T00:41:06","guid":{"rendered":"https:\/\/news.pakistaninewspaperlist.com\/acreage-launches-the-botanist-gummies-in-new-york-and-provides-core-market-update\/"},"modified":"2023-12-26T00:41:06","modified_gmt":"2023-12-26T00:41:06","slug":"acreage-launches-the-botanist-gummies-in-new-york-and-provides-core-market-update","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/acreage-launches-the-botanist-gummies-in-new-york-and-provides-core-market-update\/","title":{"rendered":"Acreage Launches The Botanist Gummies in New York and Provides Core Market Update"},"content":{"rendered":"<div id=\"main-body-container\" itemprop=\"articleBody\">\n<p align=\"justify\">NEW YORK, Dec.  22, 2023  (GLOBE NEWSWIRE) &#8212; <strong><u>Acreage Holdings, Inc.<\/u><\/strong><strong> (\u201cAcreage\u201d or the \u201cCompany\u201d) (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRHF, ACRDF), <\/strong>a vertically integrated, multi-state operator of cannabis cultivation and retailing facilities in the U.S., today provided an update on recent legislative developments across its core market footprint, including the launch of The Botanist THC-infused gummies in New York:<\/p>\n<p align=\"justify\"><strong>Product Launch Update:<\/strong><\/p>\n<ul type=\"disc\">\n<li style=\"text-align:justify;\"><strong>Botanist THC-infused Gummies: <\/strong>Simply crafted with all-natural fruit flavors and colors, The Botanist THC-infused gummies deliver a consistent combination of deliciousness and effectiveness in various cannabinoid blends. The gummies are available in a 10-pack format in three fruit flavors and ratios, including Red Raspberry (10mg THC), Peach Nectarine (5:1 CBD:THC), and Mandarin Orange (1:1 THC:CBD). The new offerings are now available at The Botanist dispensaries in Farmingdale, Queens, Middletown, and Buffalo, as well as various partner dispensaries next week across New York. These flavor-forward THC-infused gummies complement The Botanist\u2019s diverse selection of award-winning flower, pre-rolls, vapes, tinctures, and extracts already available in the state. New York follows Illinois, Massachusetts, Maine, and Ohio as the fifth Acreage market to offer this product.<\/li>\n<\/ul>\n<p align=\"justify\">\u201cWe are delighted to bring our well-crafted and delicious gummies to the Empire State,\u201d said Dennis Curran, Chief Executive Officer and Chairman of Acreage. \u201cAs the market here rolls out, our latest trio of gummies adds an all-natural, premium edible to the diverse collection of experiences available to New York residents. Our gummies stand out because of their rich taste, organic ingredients, and consistent balance of THC and CBD ratios. Whether it&#8217;s a seasoned cannabis consumer looking to try something new or a canna-curious consumer eager to embark on their first cannabis journey, our Peach Nectarine, Mandarin Orange, and Red Raspberry gummies offer a premium experience for all.\u201d<\/p>\n<p align=\"justify\"><strong>Regulatory Update:<\/strong><\/p>\n<ul type=\"disc\">\n<li style=\"text-align:justify;\"><strong>Pennsylvania:<\/strong> The governor of Pennsylvania recently signed into law a bill that will allow all licensed medical marijuana grower-processors operating in the state to sell their cannabis products directly to patients as retailers. Under the bill, the state\u2019s independent marijuana grower-processors can now apply to obtain a dispensary permit, and likewise, the state\u2019s independent dispensaries can apply to receive a grower permit, enabling operators the ability to vertically integrate.<\/li>\n<li style=\"text-align:justify;\"><strong>Ohio:<\/strong> Recreational marijuana recently became legal in Ohio, following voter approval of a ballot measure in the November election. As a result, adults aged 21 and older are allowed to use and grow cannabis and possess up to six marijuana plants per person with no more than 12 per household. While there is current legislative discussion around potential changes to the bill, the Company remains hopeful that lawmakers will abide by the voice of its constituents when considering any potential amendments.<\/li>\n<li style=\"text-align:justify;\"><strong>New York:<\/strong> The adult-use market in New York continues to roll out with the recent announcement from the governor that an additional 13 store openings are coming online to increase the state\u2019s adult-use retail footprint to 37 dispensaries. Additionally, on December 8<sup>th<\/sup>, six registered organizations including NYCanna, a subsidiary of the Company, received regulatory approval from the New York Cannabis Control Board to transition to adult-use operations and enter the adult-use market.<\/li>\n<\/ul>\n<p align=\"justify\">Mr. Curran added, \u201cWe are thrilled with recent legislative traction across our strategically established core footprint. We built Acreage by carefully curating our strong consumer brands and products across the markets we believe have the best potential for long-term growth. Our success at establishing ourselves in developing adult-use states such as Connecticut and New Jersey will serve as our roadmap as new adult-use markets come online. As we navigate through this new regulatory landscape, we&#8217;re well positioned to leverage our solid foundation and pave the way for exciting developments ahead.\u201d<\/p>\n<p align=\"justify\"><strong>About Acreage Holdings, Inc.<\/strong><\/p>\n<p align=\"justify\">Acreage is a multi-state operator of cannabis \u200ecultivation and retailing facilities in the U.S., including the Company\u2019s national retail store \u200ebrand, The Botanist. With its principal address in New York City, Acreage\u2019s wide range of national and regionally available cannabis products include the award-winning brands The Botanist and Superflux, the Prime medical brand in Pennsylvania, and others. Since its founding in 2011, Acreage has focused on building and scaling operations to create a seamless, consumer-focused, branded experience. Learn more at <u>www.acreageholdings.com<\/u> and follow us on <u>Twitter<\/u>, <u>LinkedIn<\/u>, <u>Instagram<\/u>, and <u>Facebook<\/u>.<\/p>\n<p align=\"justify\"><strong>Forward Looking Statements<\/strong><\/p>\n<p align=\"justify\">This news release and each of the documents referred to herein contains \u201cforward-looking information\u201d and \u200e\u200e\u201cforward-looking statements\u201d within the meaning of applicable Canadian and United States securities legislation, \u200erespectively. All statements, other than statements of historical fact, included herein are forward-looking \u200einformation. \u200eOften, but not always, forward-looking statements and information can be identified by the use of words such as \u200e\u200e\u201cplans\u201d, \u201cexpects\u201d or \u201cdoes not expect\u201d, \u201cis expected\u201d, \u201cestimates\u201d, \u201cintends\u201d, \u201canticipates\u201d or \u201cdoes not anticipate\u201d, \u200eor \u201cbelieves\u201d, or variations of such words and phrases or state that certain actions, events or results \u201cmay\u201d, \u201ccould\u201d, \u200e\u200e\u200e\u201cwould\u201d, \u201cmight\u201d or \u201cwill\u201d be taken, occur or be achieved. \u200e<\/p>\n<p align=\"justify\">Forward-looking statements or information involve known and unknown risks, uncertainties, and other \u200efactors which may cause the actual results, performance or achievements of Acreage or its \u200esubsidiaries to be materially different from any future results, performance or achievements expressed or \u200eimplied by the forward-looking statements or information contained in this news release.<\/p>\n<p align=\"justify\">Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information, including, but not limited to: the occurrence of changes in U.S. federal Laws regarding the cultivation, distribution or possession of marijuana; \u200ethe ability of the parties to receive, in a timely manner and on satisfactory terms, the necessary regulatory, court \u200eand Floating Shareholder approvals; the ability of the parties to satisfy, in a timely manner, the other conditions to the completion of the Floating Share \u200eArrangement Agreement; the ability of Canopy Growth Corporation (\u201cCanopy\u201d), Canopy USA, LLC (\u201cCanopy USA\u201d) and Acreage to satisfy, in a timely manner, the closing conditions to the floating share arrangement among Canopy, Canopy USA and Acreage (the \u201cFloating Share Arrangement\u201d); risks relating to the value and liquidity of the Floating Shares and the common shares of Canopy; Canopy maintaining compliance with the Nasdaq Global Stock Market (the \u201cNasdaq\u201d) and Toronto Stock Exchange listing requirements; the rights of the Floating \u200eShareholders may differ materially from those of shareholders in Canopy; expectations regarding future investment, growth and \u200eexpansion of Acreage\u2019s operations; the possibility of adverse U.S. or Canadian tax consequences upon completion of the Floating Share Arrangement; if Canopy USA acquires the Fixed Shares pursuant to the Existing Arrangement Agreement without structural amendments to Canopy\u2019s interest in Canopy \u200eUSA, the listing of the Canopy Shares on the Nasdaq may be jeopardized; the risk of a change of \u200econtrol of either Canopy or Canopy USA; restrictions on Acreage\u2019s ability to pursue certain business \u200eopportunities and other restrictions on Acreage\u2019s business; the impact of material non-recurring expenses in \u200econnection with the Floating Share Arrangement on Acreage\u2019s future results of operations, cash flows and \u200efinancial condition; the possibility of securities class action or derivatives lawsuits; in the event that the Floating \u200eShare Arrangement is not completed, but the acquisition by Canopy of the Fixed Shares (the \u201cAcquisition\u201d) is completed pursuant to Existing Arrangement Agreement and Canopy becomes the majority \u200eshareholder in Acreage, the likelihood that the Floating Shareholders will have little or no influence on the conduct \u200eof Acreage\u2019s business and affairs; risk of situations in which the interests of Canopy USA and the interests of \u200eAcreage or shareholders of Canopy may differ;\u200e Acreage\u2019s compliance with Acreage\u2019s business plan for the fiscal years ending December 31, 2020 through December 31, 2029 pursuant to the Existing Arrangement Agreement; in the event that the Floating Share Arrangement is \u200ecompleted, the likelihood of Canopy completing the Acquisition in accordance with the Existing Arrangement Agreement; \u200erisks relating to certain directors and executive officers of Acreage having interests in the transactions \u200econtemplated by the Floating Share Arrangement Agreement and the connected transactions that are different \u200efrom those of the Floating Shareholders; risks relating to the possibility that holders of more than 5% of the \u200eFloating Shares may exercise dissent rights; other expectations and assumptions concerning the transactions \u200econtemplated between Canopy, Canopy USA and Acreage; the available funds of Acreage and the anticipated \u200euse of such funds; the availability of financing opportunities for Acreage and Canopy USA and the risks \u200eassociated with the completion thereof; regulatory and licensing risks; the ability of Canopy, Canopy USA and \u200eAcreage to leverage each other\u2019s respective capabilities and resources; changes in general economic, business \u200eand political conditions, including changes in the financial and stock markets; risks relating to infectious diseases, \u200eincluding the impacts of the COVID-19; legal and regulatory risks inherent in the cannabis industry, including the \u200eglobal regulatory landscape and enforcement related to cannabis, political risks and risks relating to regulatory \u200echange; risks relating to anti-money laundering laws; compliance with extensive government regulation and the \u200einterpretation of various laws regulations and policies; public opinion and perception of the cannabis industry\u200e; and such other risks disclosed in the Circular, the Company\u2019s Annual Report on Form 10-K for the year ended December 31, 2022, dated May 1, 2023 and the Company\u2019s other public filings, in each case filed with the SEC on the EDGAR website at www.sec.gov and with Canadian securities regulators and available under Acreage\u2019s profile on SEDAR at www.sedar.com. Although Acreage has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.<\/p>\n<p align=\"justify\">Although Acreage believes that the assumptions and factors used in preparing the forward-looking information or forward-looking statements in this news release are reasonable, undue reliance should not be placed on such information and no assurance can be given that such events will occur in the disclosed time frames or at all. The forward-looking information and forward-looking statements included in this news release are made as of the date of this news release and Acreage does not undertake any obligation to publicly update such forward-looking information or forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities laws.<\/p>\n<p align=\"justify\">Neither the Canadian Securities Exchange nor its Regulation Service Provider, nor any securities regulatory authority in Canada, the United States or any other jurisdiction, has reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.\u200e<\/p>\n<p align=\"justify\"><strong>For more information, contact:<\/strong><\/p>\n<p align=\"justify\">Philip Himmelstein<br \/><u>investors@acreageholdings.com<\/u><br \/>646 600 9181<\/p>\n<p align=\"justify\">Courtney Van Alstyne <br \/>MATTIO Communications <br \/><u>acreage@mattio.com<\/u><\/p>\n<p>\n            <\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Dec. 22, 2023 (GLOBE NEWSWIRE) &#8212; Acreage Holdings, Inc. (\u201cAcreage\u201d or the \u201cCompany\u201d) (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., today provided an update on recent legislative developments across its core market footprint, including the launch of The Botanist THC-infused [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":39889,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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