Acreage Holdings to Raise Up to $60 Million in Fresh Capital

Acreage Holdings to Raise Up to $60 Million in Fresh Capital

Acreage Holdings (OTC: ACRGF) is scaring up new capital, largely via an agreement under which it will sell up to $50 million worth of its Class A stock -- the shares that trade in the U.S. market. It also floated a $10 million issue of secured convertible debentures. The stock issue will take the form of a "standby equity distribution agreement."