Names Bryan Murray Executive Vice President of Government NEW YORK, Aug. 23, 2021 (GLOBE NEWSWIRE) -- Acreage Holdings, Inc. (“Acreage” or the “Company”) (CSE:ACRG.A.U, ACRG.B.U), (OTCQX: ACRHF, ACRDF) a vertically integrated, multi-state operator of cannabis cultivation and retailing facilities in the U.S., today announced that Bryan Murray has been appointed Executive Vice President of Government Relations effective August 23rd.
“I am excited to welcome Bryan to the Acreage team and look forward to his leadership in building collaborative relationships with government officials, regulators and partners at the local, state and national levels and advancing cannabis legislation,” said Peter Caldini, Chief Executive Officer of Acreage. “Bryan brings a wealth of regulatory and policy experience during his 13 years at Pfizer. He has significant experience driving regional and grass roots policy initiatives across the United States and Canada. Bryan combines a great mix of strategic thought leadership and the ability to partner with key policy makers to drive sustainable results.”
Bryan brings an impressive and diverse skillset to Acreage that is focused on providing relief to those in need through leadership and government reform. From 2006 to 2019, he served in various roles of increasing responsibility at Pfizer in Government Relations and Public Affairs. Bryan developed Pfizer’s policy on economic and social impact in key markets as the Global Operations Lead for Public Affairs. He served as the company’s Alliance Development Manager for New York and New England and successfully mobilized local individuals, businesses, and government organizations to support healthcare legislation. In his role as Director of Public Affairs, Bryan launched a successful campaign to support access to innovative pain therapies in the US and Canada. Before joining Pfizer, Bryan served as a Campus Ministry Director and Fund Development Manager with The Impact Movement. More recently Bryan served as the Senior Director of Marketing and Communications at Mid-America Seminary and College, where he initiated and led the wholesale rebranding of the institution.
Bryan received a Bachelor of Arts from the University of Oregon in Eugene, Oregon and Master of Business Administration from Saint Leo University in Saint Leo, Florida.
ABOUT ACREAGE
With its principal address in New York City, Acreage is a multi-state operator of cannabis cultivation and retailing facilities in the U.S., including the company’s national retail store brand, The Botanist. Acreage’s wide range of national and regionally available cannabis products include the award-winning The Botanist brand, the highly recognizable Tweed brand, the Prime medical brand in Pennsylvania, the Innocent edibles brand in Illinois and others. Acreage also owns Universal Hemp, LLC, a hemp subsidiary dedicated to the distribution, marketing, and sale of CBD products throughout the U.S. Since its founding in 2011, Acreage has focused on building and scaling operations to create a seamless, consumer-focused, branded experience. More information is available at www.acreageholdings.com.
On June 27, 2019, Acreage implemented an arrangement under section 288 of the Business Corporations Act (British Columbia) with Canopy Growth Corporation (“Canopy Growth”), which was subsequently amended on September 23, 2020 (the “Amended Arrangement”). Pursuant to the Amended Arrangement, upon the occurrence (or waiver by Canopy Growth) of changes 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”), Canopy Growth will, subject to the satisfaction or waiver of certain closing conditions, acquire all of the issued and outstanding Class E subordinate voting shares (the “Fixed Shares”) on the basis of 0.3048 of a Canopy Growth share per Fixed Share (following the automatic conversion of the Class F multiple voting shares and subject to adjustment in accordance with the terms of the arrangement agreement entered into between Acreage and Canopy Growth on April 18, 2019, as amended on May 15, 2019 and on September 23, 2020).
In addition, Canopy Growth holds an option, exercisable at the discretion of Canopy Growth, to acquire all of the issued and outstanding Class D subordinate voting shares (the “Floating Shares”) at the time that Canopy Growth acquires the Fixed Shares, for cash or Canopy Growth shares, as Canopy Growth may determine, at a price per Floating Share based upon the 30-day volume-weighted average trading price of the Floating Shares on the CSE relative to the trading price of the Canopy Growth shares at the time of the occurrence or waiver of the Triggering Event, subject to a minimum price of US$6.41 per Floating Share.
For more information about the Amended Arrangement please see the Acreage proxy statement and management information circular dated August 17, 2020 (the “Circular”) and the respective information circulars of each of Acreage and Canopy Growth dated May 17, 2019, which are available on Acreage’s and Canopy Growth’s respective profiles on SEDAR at www.sedar.com and filed with the SEC on the EDGAR website at www.sec.gov. For additional information regarding Canopy Growth, please see Canopy Growth’s profile on SEDAR at www.sedar.com.