Acreage Holdings

Acreage Holdings is a vertically integrated multistate cannabis operator based in New York. The company owns and operates cultivation and retail facilities across multiple states, including Connecticut, Florida, Illinois, Maine, Maryland, Massachusetts, New Jersey, New York, Ohio, and Pennsylvania. Acreage Holdings operates under its national retail brand The Botanist, offering a wide range of cannabis products such as flowers, pre-rolls, vapes, edibles, and accessories.

The company's portfolio includes award-winning brands like The Botanist and Superflux. In April 2024, Acreage introduced its craft cannabis brand Superflux in New Jersey, expanding its presence to four states after Ohio, Massachusetts, and Illinois. The company has undertaken significant expansions, including an upgrade of its cultivation facility in Freeport, Illinois, positioning itself as one of the few operators capable of producing high-quality non-remediated whole flower in the state.

In June 2024, Acreage reached a milestone by opening its 200th dispensary in Brooksville, Florida, making it the world's largest cannabis retailer. The company has focused on optimizing its operational footprint, implementing cost-saving measures, and refining its business strategy. Acreage has entered the New York adult-use wholesale market, making The Botanist products available to eligible adult-use dispensaries across the state.

In June 2024, Canopy Growth Corporation exercised its option to acquire Acreage Holdings as part of its expansion into the US market through its subsidiary Canopy US. The acquisition is expected to close in the first half of 2025.