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Canopy also commented on Acreage’s annual earnings that noted the company was a going concern: “In the event that Acreage is unable to continue as a going concern, the Amended Acreage Arrangement and the Floating Share Arrangement may not be completed. In the event that the Amended Acreage Arrangement and the Floating Share Arrangement are completed and Acreage is unable to continue as a going concern, this would have a negative impact on Canopy USA’s business, financial results and operations and have an adverse impact on the company’s United States strategy, and, ultimately, the company’s financial results and operations.”
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