Acreage Sells Oregon Cannabis Facility, Changes Dispensaries

Acreage Holdings, Inc. (OTCQX: ACRHF) (OTCQX: ACRDF) (CSE:ACRG.A.U) (CSE:ACRG.B.U) has shuttered its dispensary in Powell, Oregon.

The sale price for the Medford cultivation and processing facility was $2 million, with $0.5 million due August 1, 2022

The business has completed the consolidation and adult use conversion of its Brewer, Maine facility.

In Maine, Acreage CEO Peter Caldini said, “We are happy to transition our Brewer dispensary to adult-use, further strengthening our leading retail market share position in the state.

We look forward to providing access to Maine residents as we expand our market presence

 As we wind down operations in Oregon and focus on strengthening our position in our core regions, we are glad to have sold the facility there as well.