ATLANTIC CITY, N.J., Feb. 25, 2020 (GLOBE NEWSWIRE) -- PRESS RELEASE -- Acreage Holdings, Inc., one of the largest vertically integrated, multi-state operators of cannabis licenses and assets in the U.S., has announced the opening of The Botanist by Compassionate Care Foundation on Saturday, Feb. 22, 2020, by its business partner, New Jersey’s Compassionate Care Foundation, Inc., a New Jersey nonprofit corporation. Acreage and CCF are parties to a services agreement with CCF under which Acreage delivers its operational expertise, product development capabilities and The Botanist retail dispensary brand. On Nov. 15, 2019, Acreage and CCF entered into a reorganization agreement which will result in CCF becoming a wholly-owned, for-profit subsidiary of Acreage. Closing of the transaction is subject to state approval.
The medicinal cannabis dispensary is located on the Atlantic City Boardwalk at 1301 Boardwalk, Atlantic City, New Jersey. With the opening, Acreage now owns or has management services, consulting or other agreements (including pending acquisitions) for 31 operational dispensaries in 12 states, including 13 The Botanist branded dispensaries.
Developed by Acreage, The Botanist is both a retail and product brand, deeply rooted in health and wellness, and focused on the holistic power of cannabis to help individuals live balanced lifestyles. The Botanist CCF offers a wide selection of flower-only products and features a “science meets nature” retail design reminiscent of a 19th century botanist laboratory. Offering a warm and inviting environment in which to learn about the healing properties of the cannabis plant from trained patient care specialists, The Botanist CCF’s design includes a “SEED BAR” education station, a private consultation room, The Botanist’s signature “green foliage wall,” and much more.
