November 15, 2018
The cannabis startup backed by former Speaker of the House John Boehner is set to become one of the most valuable companies in the U.S. weed industry.
Acreage Holdings is the latest U.S. cannabis firm to tap the public markets in Canada, where marijuana is legal, through a reverse takeover. The company raised $314 million in a private placement that values it at about $2.8 billion. Acreage shares are set to start public trading on Thursday.
Run by former Wall Street banker Kevin Murphy, Acreage has more has more than 40 dispensaries across the U.S.
Top photo courtesy of Adobe Stock
