Acreage Holdings Announces Hire of Robert Daino as Chief Operating Officer

New York City, NY – August 22, 2018 – Acreage Holdings (“Acreage”), one of the United States’ largest vertically integrated, multi-state cannabis operators, announced the hire of Robert (“Bob”) Daino as Chief Operating Officer. In this role, Daino will be responsible for ensuring the effective and efficient operations at the corporate headquarters and throughout Acreage’s growing footprint of vertically-integrated growers, processors and dispensaries throughout the United States. He brings extensive experience leading organizations of all sizes and life-stages through transformational change resulting in outstanding financial performance and growth. His management experience spans multiple industries and sectors, including software and systems engineering, information technology, program management, facility construction and management, and process engineering and change management.

Acreage Founder and CEO Kevin Murphy said, “As Acreage’s operations continue to grow in size and complexity across our various grow, processing, and retail business units, we will rely on Bob’s vast professional experience to ensure that we have the proper operational controls, administrative and reporting procedures, and management team in place to ensure financial strength and operational efficiency. Bob will play a critical role guiding Acreage towards becoming the world’s leading cannabis company and bringing safe, affordable cannabis to everyone who needs it.”

Most recently, Daino was an investor, advisor, and CEO of Terradiol, a biopharmaceutical company producing, manufacturing, and distributing medical cannabis products. During his time at Terradiol, Daino served as the President and CEO of WCNY Public Media where he transformed the public broadcast station into a national leader. He created the first of its kind, highly-technical central casting outsourcing service, transforming public broadcasting in the United States with over 42% of the United States viewing audiences receiving their programming from the WCNY facility.

In addition, Daino served as President and CEO of PROMERGENT, a business leader providing process, change, and document management software and services to power generation & distribution, federal government systems and solutions, manufacturing and telecommunications. He also spent 13 years at General Electric, where he held a host of technical and senior management roles in a variety of business sectors leading change, growth, and top company performance.

On joining Acreage, Daino said, “Acreage is poised to change how this country views the cannabis industry. The organization’s experienced and dedicated management team has guided the company towards its strategic goals and I look forward to bringing my decades of operational experience to continue to help the company achieve rapid and scalable growth by implementing the most effective and efficient processes to maximize returns for our investors and stakeholders.”

 

ABOUT ACREAGE HOLDINGS

Acreage Holdings is a vertically integrated, multi-state owner of cannabis licenses and assets in states where either medical and/or adult use of cannabis is legal. Headquartered in New York City and currently operating in 13 states, Acreage owns cultivation, processing and dispensary operations and has one of the largest footprints of any cannabis company in the U.S. Acreage is dedicated to building and scaling operations to create a seamless, consumer-focused branded cannabis experience.


CONTACTS

Communications Contact:
Lewis Goldberg/Jon Goldberg
KCSA Strategic Communications
212-896-1282
acreage@kcsa.com

Company Contact:
Howard Schacter
Acreage Holdings
Head of Communications
917-579-0727
h.schacter@acreageholdings.com