Mr. Dennis Curran reports

ACREAGE ANNOUNCES APPOINTMENT OF CHIEF FINANCIAL OFFICER

Acreage Holdings Inc. has appointed Carl Nesbitt to chief financial officer, effective July 3, 2023.

Mr. Nesbitt brings to Acreage over 25 years of financial leadership experience, having spent more than two decades working within the consumer packaged goods industry. Most recently, he served as chief financial officer at Nutritional Frontiers Inc., a vitamin and supplement distributor. Previously, Mr. Nesbitt held the role of vice-president of finance for GlaxoSmithKline's North American consumer health care business. During his 13-year tenure, he held additional financial leadership roles and oversaw the development of the finance support function, which contributed to business growth. Mr. Nesbitt has also held financial management positions at Del Monte Foods, New World Pasta and RR Donnelley.

"I am delighted to welcome Carl to the leadership team during this momentous time for Acreage," said Dennis Curran, incoming chief executive officer of Acreage. "Carl's strong financial acumen and strategic oversight will be instrumental to Acreage as we continue to drive our near-term growth initiatives and prime our operations for Canopy USA."

Mr. Nesbitt added, "I am thrilled to join Acreage, and look forward to helping guide the company in preparation for completing one of its biggest milestones."

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 brands The Botanist and Superflux, the Tweed brand, the Prime medical brand in Pennsylvania, the Innocent brand in Illinois, and others. 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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