ACRGF - Acreage acquires cultivation processing and retail operations in Ohio

Acreage (OTCQX:ACRGF) closes acquisitions of cultivation, processing and retail operations in Ohio by its subsidiary, High Street Capital Partners. As previously announced, company entered into purchase agreements for these operations in Ohio during the summer of 2018 for the total purchase price of ~$7.1M in cash, $7.1M in notes and 1.1M shares of High Street, which are convertible into shares of the company, with the remaining $3.3M worth of notes repaid today.  Company acquired all of the membership interests of Greenleaf Gardens, which operates a cultivation license in Ohio, Greenleaf Therapeutics, which operates a processing license in Ohio and Greenleaf Apothecaries, which operates five retail dispensaries in Ohio. Upon completion of these acquisitions, company will subsequently consolidate the results of Greenleaf into its consolidated financial statements.

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Acreage acquires cultivation, processing, and retail operations in Ohio