Mr. Peter Caldini reports

ACREAGE INTRODUCES FAST-ACTING GUMMIES TO THE BOTANIST OFFERINGS

Acreage Holdings Inc. has launched fast-acting gummies or TiME gummies under its flagship brand, The Botanist. The Botanist fast-acting gummies are available in the following states: Illinois, Maine, Massachusetts and Ohio.

Whereas traditional edibles may take one to four hours to take effect, The Botanist fast-acting gummies aim to deliver potential effects in approximately five to 15 minutes. The Botanist fast-acting gummies utilize Azuca TiME Infusion, a unique, innovative, individual molecule encapsulation method that aims to deliver potentially fast-acting THC (tetrahydrocannabinol) with delicious fruit flavours. This proprietary infusion method allows for greater Delta-9 THC absorption without an unpleasant taste or texture.

The Botanist fast-acting gummies may elicit more of a euphoric high quality and are both vegan and gluten-free. The gummies are available in two flavours, sparkling orange (sativa) and sparkling strawberry (indica), and contain either five milligrams or 10 milligrams of THC per dose in 10-packs or 20-packs depending on the market. Each offering incorporates the flavour of real white wine grapes along with the added qualities of cannabis terpenes. Product offerings and descriptions may vary per market; in the state of Ohio, the gummies are listed as The Botanist TiME gummies.

"More cannabis consumers are looking for dose-able products that provide a predictable and positive social experience," said Peter Caldini, chief executive officer of Acreage. "The Botanist fast-acting gummies will meet this consumer need as an innovative edible with a quick onset and sophisticated taste. With the launch of fast-acting gummies and the commencement of adult-use sales at The Botanist Montville in Connecticut, Acreage is off to an exciting start for the new year."

About Acreage Holdings Inc.

Acreage is a multistate operator of cannabis cultivation and retailing facilities in the United States, including the company's national retail store brand, The Botanist. With its principal address in New York, Acreage's wide range of national and regionally available cannabis products include the award-winning The Botanist brand, craft brand Superflux, the Tweed brand, the Prime medical brand in Pennsylvania, the Innocent brand in Illinois and others. Acreage also owns Universal Hemp LLC, a hemp subsidiary dedicated to the distribution, marketing and sale of CBD (cannabidiol) products throughout the U.S. Since its founding in 2011, Acreage has focused on building and scaling operations to create a seamless, consumer-focused, branded experience.

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