Finance : Acreage Holdings, GreenAcreage Announce Sale-Leaseback Deal Worth $70M

Cannabis operator Acreage Holdings, Inc (CSE:ACRG.U) (OTC: ACRGF) announced Friday the closing of a sale-leaseback deal worth around $72 million with GreenAcreage Real Estate, a cannabis-focused REIT. The deal calls for GreenAcreage to provide up to about $43.9 million in additional funding to properties in Florida and Illinois. “Acreage Holdings took a long, hard look at our portfolio of real estate holdings and made a strategic decision to rationalize our business strategy.

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October 29, 2019 at 02:03AM