All-natural, vegan, and gluten-free THC lemonades debut this month in select dispensaries
NEW YORK, July 19, 2023 (GLOBE NEWSWIRE) -- Acreage Holdings, Inc. (âAcreageâ or the âCompanyâ) (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., announced that it has launched Journeyman THC lemonades in Illinois in partnership with Botanica.
Inspired by a dedication to all-natural ingredients, Journeyman makes âThe Good Stuffâ from the good stuff. The clean, vegan, and gluten-free THC beverages will be available in three refreshing flavors: Tropical Lemonade, Berry Lemonade, and Tart Lemonade. Each portable 100 mg THC 2 oz bottle has 10 servings with 10 mg THC per capful. The products are anticipated to hit participating dispensary shelves on Friday, July 21st.
âWe are incredibly proud to bring âThe Good Stuffâ that Journeyman creates to the Illinois market,â said Kate Nelson, Executive Vice President, Midwest & Northeast Regions of Acreage. âThis is a very exciting opportunity to introduce consciously crafted, high-quality beverages made with simple, all-natural ingredients to consumers across the state. We are thrilled to embark on this collaboration with Botanica and look forward to expanding this valued partnership to our additional markets over the coming months.â
âWe are delighted to work with Acreage to bring our made-from-scratch Journeyman lemonades to even more consumers,â said Chris Abbott, Co-Founder and CEO of Botanica. âOur shared commitment to innovation and delivering highly coveted edible products makes this partnership a natural fit, and we are eager to broaden the reach of all our brands by the end of the year, leveraging Acreageâs strong footprint.â
About Acreage Holdings, Inc.
Acreage is a multi-state operator of cannabis âcultivation and retailing facilities in the U.S., including the Companyâs national retail store âbrand, The Botanist. With its principal address in New York City, Acreageâs wide range of national and regionally available cannabis products include the award-winning brands The Botanist and Superflux, the Tweed brand, the Prime medical brand in Pennsylvania, the Innocent brand in Illinois, and others. Since its founding in 2011, Acreage has focused on building and scaling operations to create a seamless, consumer-focused, branded experience. Learn more at www.acreageholdings.com and follow us on Twitter, LinkedIn, Instagram, and Facebook.
About Botanica
Founded in 2014 with the vision that edibles would lead cannabis into mainstream acceptance, Botanica has developed a suite of innovative and market leading brands. Mr. Moxeyâs is the number one cannabis infused mint in the nation having sold more than 40 million mints since inception. Journeyman, from its foundation in Washington State, is set to lead the small format drink segment as it expands into new states over the coming years. For more information, visit Mr. Moxeyâs online or Journeyman online.
Forward Looking Statements
This news release and each of the documents referred to herein contains âforward-looking informationâ and âââforward-looking statementsâ within the meaning of applicable Canadian and United States securities legislation, ârespectively. All statements, other than statements of historical fact, included herein are forward-looking âinformation. âOften, but not always, forward-looking statements and information can be identified by the use of words such as âââplansâ, âexpectsâ or âdoes not expectâ, âis expectedâ, âestimatesâ, âintendsâ, âanticipatesâ or âdoes not anticipateâ, âor âbelievesâ, or variations of such words and phrases or state that certain actions, events or results âmayâ, âcouldâ, ââââwouldâ, âmightâ or âwillâ be taken, occur or be achieved. â
Forward-looking statements or information involve known and unknown risks, uncertainties, and other âfactors which may cause the actual results, performance or achievements of Acreage or its âsubsidiaries to be materially different from any future results, performance or achievements expressed or âimplied by the forward-looking statements or information contained in this news release.
Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information, including, but not limited to: the occurrence of changes in U.S. federal Laws regarding the cultivation, distribution or possession of marijuana; âthe ability of the parties to receive, in a timely manner and on satisfactory terms, the necessary regulatory, court âand Floating Shareholder approvals; the ability of the parties to satisfy, in a timely manner, the other conditions to the completion of the Floating Share âArrangement Agreement; the ability of Canopy Growth Corporation (âCanopyâ), Canopy USA, LLC (âCanopy USAâ) and Acreage to satisfy, in a timely manner, the closing conditions to the floating share arrangement among Canopy, Canopy USA and Acreage (the âFloating Share Arrangementâ); risks relating to the value and liquidity of the Floating Shares and the common shares of Canopy; Canopy maintaining compliance with the Nasdaq Global Stock Market (the âNasdaqâ) and Toronto Stock Exchange listing requirements; the rights of the Floating âShareholders may differ materially from those of shareholders in Canopy; expectations regarding future investment, growth and âexpansion of Acreageâs operations; the possibility of adverse U.S. or Canadian tax consequences upon completion of the Floating Share Arrangement; if Canopy USA acquires the Fixed Shares pursuant to the Existing Arrangement Agreement without structural amendments to Canopyâs interest in Canopy âUSA, the listing of the Canopy Shares on the Nasdaq may be jeopardized; the risk of a change of âcontrol of either Canopy or Canopy USA; restrictions on Acreageâs ability to pursue certain business âopportunities and other restrictions on Acreageâs business; the impact of material non-recurring expenses in âconnection with the Floating Share Arrangement on Acreageâs future results of operations, cash flows and âfinancial condition; the possibility of securities class action or derivatives lawsuits; in the event that the Floating âShare Arrangement is not completed, but the acquisition by Canopy of the Fixed Shares (the âAcquisitionâ) is completed pursuant to Existing Arrangement Agreement and Canopy becomes the majority âshareholder in Acreage, the likelihood that the Floating Shareholders will have little or no influence on the conduct âof Acreageâs business and affairs; risk of situations in which the interests of Canopy USA and the interests of âAcreage or shareholders of Canopy may differ;â Acreageâs compliance with Acreageâs business plan for the fiscal years ending December 31, 2020 through December 31, 2029 pursuant to the Existing Arrangement Agreement; in the event that the Floating Share Arrangement is âcompleted, the likelihood of Canopy completing the Acquisition in accordance with the Existing Arrangement Agreement; ârisks relating to certain directors and executive officers of Acreage having interests in the transactions âcontemplated by the Floating Share Arrangement Agreement and the connected transactions that are different âfrom those of the Floating Shareholders; risks relating to the possibility that holders of more than 5% of the âFloating Shares may exercise dissent rights; other expectations and assumptions concerning the transactions âcontemplated between Canopy, Canopy USA and Acreage; the available funds of Acreage and the anticipated âuse of such funds; the availability of financing opportunities for Acreage and Canopy USA and the risks âassociated with the completion thereof; regulatory and licensing risks; the ability of Canopy, Canopy USA and âAcreage to leverage each otherâs respective capabilities and resources; changes in general economic, business âand political conditions, including changes in the financial and stock markets; risks relating to infectious diseases, âincluding the impacts of the COVID-19; legal and regulatory risks inherent in the cannabis industry, including the âglobal regulatory landscape and enforcement related to cannabis, political risks and risks relating to regulatory âchange; risks relating to anti-money laundering laws; compliance with extensive government regulation and the âinterpretation of various laws regulations and policies; public opinion and perception of the cannabis industryâ; and such other risks disclosed in the Circular, the Companyâs Annual Report on Form 10-K for the year ended December 31, 2022, dated May 1, 2023 and the Companyâs other public filings, in each case filed with the SEC on the EDGAR website at www.sec.gov and with Canadian securities regulators and available under Acreageâs profile on SEDAR at www.sedar.com. Although Acreage has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.
Although Acreage believes that the assumptions and factors used in preparing the forward-looking information or forward-looking statements in this news release are reasonable, undue reliance should not be placed on such information and no assurance can be given that such events will occur in the disclosed time frames or at all. The forward-looking information and forward-looking statements included in this news release are made as of the date of this news release and Acreage does not undertake any obligation to publicly update such forward-looking information or forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities laws.
Neither the Canadian Securities Exchange nor its Regulation Service Provider, nor any securities regulatory authority in Canada, the United States or any other jurisdiction, has reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
For more information, contact:
Carl Nesbitt
Chief Financial Officer
[email protected]
646 600 9181
Courtney Van Alstyne
MATTIO Communications
[email protected]
Botanica contact:
Tim Elliot
President and Chief Operating Officer
[email protected]
Journeyman THC lemonades will be available in Illinois in three refreshing flavors: Tropical Lemonade, Berry Lemonade, and Tart Lemonade
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2f0fdead-33d7-4532-963f-75bb1f5967c8