Marcato To Vote Against Acreage Holdings’ Value-Destroying Proposed Transaction With Canopy Growth Corporation

Marcato also sent a letter to Acreage’s Board of Directors, which can be found below. Marcato Capital Management (“Marcato”), the beneficial owner of 575,000 shares, or approximately 2.7% of the outstanding Subordinated Voting Shares of Acreage Holdings, Inc. (“Acreage” or the “Company”), has significant capital markets experience and a long track record of working collaboratively with boards of directors to uncover strategies to enhance value. As a large Acreage shareholder, we will be voting against the proposed transaction with Canopy Growth Corporation (“Canopy”) as we believe this is a value destructive transaction and not in the best interests of shareholders.