The Acreage story
Founded in 2014, Acreage Holdings (formerly known as High Street Capital Partners) has the most diverse portfolio of any company in the American cannabis industry, with cultivation, processing and dispensing operations across 14 states with plans to expand.
Acreage has fostered strong partnerships with regulators, physicians and medical researchers with the aim of setting a new standard for the industry. As legislation and regulations evolve, Acreage is poised to build on its leadership position by expanding its footprint and capabilities in bringing safe, dosable and affordable cannabis to the market.
Our management team is among the most diverse and impressive in the industry, including veterans from Wall Street and finance as well as major players in the retail and food & beverage industries, and legal fields. We also bring many pioneers from within the cannabis cultivation space, including experts who have set many of the standards now broadly deployed within the industry.
We are aggressive, yet measured, in our strategy and believe our unique approach and team will continue to provide industry-leading returns and the best quality products and consumer experiences in the world.
We deeply believe in the transformational power that cannabis has to heal and change the world.
To champion and provide access to cannabis’ beneficial properties by creating the best quality products and experiences.
We've been at this for a long time.
Investment in Maine
Kevin Murphy, our founder, makes an investment in The Wellness and Pain Management Connection in Maine. Meanwhile, Colorado is the first state to legalize recreational marijuana usage for adults 21 years and older (“adult-use”).
Investment in Kalyx Development
We add Kalyx Development to our portfolio. Kalyx is a leading multi-state provider of commercial and industrial space for the cannabis industry, with properties in Colorado, Oregon, Washington, and Arizona.
High Street Capital Partners is formed
We invest in Dixie Brands, one of the most recognized names in infused products.
National legal marijuana sales grow to $5.4 billion, up over 17% from the prior year. High Street Capital Partners expands to Illinois and Maryland.
Our footprint expands
High Street Capital Partners expands into California, Florida, and New York. Support for marijuana legalization breaks the 60% threshold for the first time, per Gallup polls.
A new chapter
High Street Capital Partners rebrands itself as Acreage Holdings. We make investments in Maine, Connecticut, Oregon, and Pennsylvania. We receive one of 1 of 12 cultivation licenses in Pennsylvania. Cultivation facilities acquired in Illinois and Florida.
Continuous expansion across the U.S.
Adult use begins in Maine, Massachusetts, and California. Acreage enters New Jersey, and prepares for imminent operational expansion in New York, Florida and Maryland. Acreage announces the appointments of former Speaker of the United States House of Representatives John Boehner and former Governor of the State of Massachusetts Bill Weld to its Board of Advisors.
[fade]Operations in 14 states across the United States, and we're just getting started.[/fade]
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