Acreage announce additional changes to its leadership, oversight

Acreage (ACRHF) announced that it has implemented further changes to its leadership and oversight in preparation for the completion of its previously announced strategic arrangement with Canopy Growth (CGC) and Canopy USA. In connection with this, Acreage’s Board of Directors has elected to implement a streamlined governance structure that is appropriately sized for the Company’s near-term priorities. Katie Bayne, Patricia Lopez, Douglas Maine, and Steven Strom have elected to resign from the Board, effective immediately. Acreage’s Board will now be comprised of: Kevin Murphy, Founder and Chair of the Board; Bill Van Faasen, who will now chair the Audit Committee; John A. Boehner, who will now chair the Compensation and Corporate Governance Committee; Brian Mulroney; and Peter Caldini, who will step down from the role of Chief Executive Officer on June 30, 2023, as previously announced on June 2, 2023, and will resign from the Board on the same date. Dennis Curran, current Chief Operating Officer of Acreage, will assume the roles of Chief Executive Officer and Board member on July 1, 2023.