Acreage Holdings Opens the Botanist Dispensary in Ohio NEW YORK, Jan. 17, 2019 /PRNewswire/ -- Acreage Holdings, Inc. ("Acreage") (CSE: ACRG.U) (OTCQX: ACRGF), the United States' largest vertically integrated, multi-state cannabis operator according to public filings, announced Greenleaf Apothecaries, LLC ("Greenleaf") opened its first "The Botanist" medical cannabis dispensary in Canton, OH. Acreage maintains a Management Services Agreement with Greenleaf that delivers Acreage's operational expertise, product development capabilities, and "The Botanist" retail dispensary brand.
Greenleaf plans to open additional "The Botanist" dispensaries in Akron, Cleveland, Columbus, and Wickliffe that will serve qualifying patients from Ohio's nearly 12 million residents and an estimated total addressable cannabis market in 2022 of $290 million, according to Arcview Market Research.
Greenleaf is the only operator in Ohio that was awarded the maximum allotment of five dispensary operating licenses and was also recently awarded a Level 1 provisional cultivation license by the Ohio Department of Commerce. The new cultivation and processing facility will be located in Middlefield, OH.
ABOUT ACREAGE HOLDINGS
Headquartered in New York City, Acreage is the largest vertically integrated, multi-state owner of cannabis licenses and assets in U.S. states with respect to number of states with operating licenses, according to public filings. With operating licenses in 19 states, serving a population of more than 172 million Americans, and an estimated 2022 total addressable market of approximately $14 billion in legal cannabis sales according to Arcview Market Research. Acreage is dedicated to building and scaling operations to create a seamless, consumer-focused branded cannabis experience.
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