Acreage Secures Up To $60M In Funding With 2 Deals

Vertically integrated, multi state cannabis company Acreage Holdings, Inc. (CSE: ACRG.U) (OTC: ACRGF) said Monday it has reached deals for up to $60 million in funding.

The New York-based company has entered into a standby equity distribution deal worth up to $50 million of the company’s Class A subordinate voting shares and the finalization of an $11-million private placement offering.

Under the distribution deal between Acreage and an institutional investor, the company agreed to sell its shares periodically at the investor’s request, according to Monday’s press …

Full story available on Benzinga.com

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