Acreage Obtains Final Order for Plan of Arrangement with Canopy Growth and Confirms Record Date for Acreage Shareholders Entitled to Receive the Option Premium

SMITHS FALLS, ON and NEW YORK , June 21, 2019 /CNW/ – Acreage Holdings, Inc. (“Acreage”) (CSE:ACGR.U) (ACRGF) (FSE:0ZV) and Canopy Growth Corporation (“Canopy Growth”) (WEED.TO) (CGC) (together, the “Companies”) are pleased to announce that Acreage has obtained a final order from the Supreme Court of British Columbia approving the previously announced arrangement under section 288 of the Business Corporations Act ( British Columbia ) with Canopy Growth (the “Arrangement”). Pursuant to the Arrangement, the Articles of Acreage will be amended to provide Canopy Growth with the option (the “Canopy Growth Call Option”) to acquire all of the issued and outstanding shares in the capital of Acreage (each, an “Acreage Share”), with a requirement to do so upon a change in federal laws in the United States to permit the general cultivation, distribution and possession of marijuana (as defined in the relevant legislation) or to remove the regulation of such activities from the federal laws of the United States (the “Triggering Event”), subject to the satisfaction of the conditions set out in the arrangement agreement entered into between Acreage and Canopy Growth on April 18, 2019 , as amended on May 15, 2019 (the “Arrangement Agreement”).

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