Mr. Carl Nesbitt reports

ACREAGE INTRODUCES CRAFT CANNABIS BRAND SUPERFLUX TO NEW JERSEY

Acreage Holdings Inc. will debut its Superflux craft cannabis brand in New Jersey on Nov. 1, 2023. With a next-level strain inventory curated with dedication and passion, the Superflux product line offers unique traits, uncommon terpenes and uncanny aromas to preserve the true essence of cannabis.

The initial launch will introduce four limited-edition, small-batch flower strains crafted with bespoke genetics, including:

Cherry Lemon Gusher -- A hybrid strain bred and selected in-house, bringing together a special cherry-scented Lemon Cherry Gelato, Lemonade Gushers and Purple Zkittlez, delivering a soft, floral citrus-berry aroma, and harmonious blending of sweet, floral and red fruit flavours, like a raspberry mimosa.

Chocolate Cherry OG -- A rich, indica-dominant strain, melding some of the most sought-after OG Kush plants with both Black Cherry and Lemon Cherry Gelato, offering a chocolatey rich, grainy sweetness with a creamy gas aroma and hints of fruit.

Red Carpet Runtz -- A unique-scented and potent varietal, this indica-dominant strain blends Gelato, Cookies, Afghani and a sprinkle of OG, giving a savoury herbal top note with an underlying sweet gas aroma.

Silly Rabbit -- Unleashing a complex sweet-meets-gas aroma with distinct notes of sweet cereal milk and light fruity qualities, this indica-dominant strain blends the "Guava" cut of Stardawg, Gelato, Zkittles and Wedding Cake for some serious genetic pedigree.

"We are thrilled to bring Superflux to New Jersey, an unparalleled craft offering created to celebrate the distinct character of each cannabis plant and the craftsmanship of its cultivators," said Patricia Rosi, chief marketing and strategy officer of Acreage.

"What sets Superflux apart is its dedication to quality over quantity, with a mission to offer distinguished products that truly stand out and create next-level cannabis experiences. The exclusive flower launch is just the beginning of Superflux's touchdown in the Garden State, with its award-winning concentrates line, which is powered by its flavourful, terpene-rich flower, expected to debut by the end of the year. With an evolving collection of specially curated, small-batch strains, the Superflux product portfolio is just as unique as each of our consumers in New Jersey, and we look forward to continuing to expand our offering in this exciting market."

Each strain will be exclusively available for purchase at The Botanist locations in Egg Harbor township and Williamstown, N.J. A Superflux launch celebration with various promotions and raffle opportunities will take place at The Botanist Egg Harbor township from 5 to 7 p.m. ET on Wednesday, Nov. 1, 2023. The full Superflux product offering of flower and concentrates is expected to roll out by year-end, including the brand's Margalope Live Resin vape which placed first in the High Times Cannabis Cup Illinois: People's Choice Edition 2022 in the vape pen category. With the addition of New Jersey, Superflux is now available across four states, including Ohio, Illinois and Massachusetts.

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 includes the award-winning brands The Botanist and Superflux, the Prime medical brand in Pennsylvania, 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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