Debra Borchardt
New York-based High Street Capital has changed its name to Acreage Holdings and has pivoted from passive cannabis investing to a company that actively owns and manages medical marijuana facilities. The company plans on pursuing an initial public offering.
It’s one of the few multi-state cannabis companies that many have never heard of. It was founded in 2014 by Kevin Murphy and was one of the first platforms to invest systematically in the cannabis space.
Over the past four years, Acreage Holdings has won state-awarded licenses, recruited operators and provided growth capital to local businesses across 11 different states. Murphy recognized the massive opportunity and scale offered by the creation of a cohesive multi-state platform and late last year the company voted to aggressively pursue a strategic roll-up of its portfolio assets.
“The traditional benefits of scale for any business are dramatically amplified in the nascent world of cannabis,” said Kevin Murphy, CEO. “The difference between ‘good’ and ‘excellent’ execution is unusually large and we plan to take advantage of that by creating a template for excellence and delivering it systematically.” Acreage has nearly completed execution of its plan to fully control and manage the operations of all its assets across the country.
The operations of Acreage Holdings include three of the fundamental components of the cannabis value chain: cultivation, processing, and retail dispensaries. “Our goal is to be vertically integrated in all of the states in which we operate,” added Mr. Murphy. “That way we can ensure that the highest quality product gets delivered in a timely, efficient and reliable way for thousands of patients and customers across the country.”
Within the 11 states that Acreage Holdings currently operates, cannabis is expected to represent $9 Billion of retail revenue by 2020. Acreage Holdings is keenly focused on expanding its footprint and continuing acquisitions, with aspirations to become the dominant national platform in the space. The company recently attended the ICR Conference in January in a heavily attended presentation.
115 comments
JOSEPH WTTHE
April 11, 2018 at 3:12 pm
WHAT IS THE STOCK SYMBOL FOR YOUR COMPANYY?
Debra Borchardt
April 12, 2018 at 6:31 am
Acreage Holdings has not gone public yet. It is still a private company.
Greg Tankersley
April 25, 2018 at 4:10 pm
With John Boehner joining the BOD of Acreage Holdings, they obviously have big plans for the future. Do you anticipate they will go public in the near future? Please advise!
Debra Borchardt
April 25, 2018 at 5:29 pm
The company expects to go public later this year. There is a lot of work to be done prior to filing like audits, etc.
Robert E Williams
July 19, 2018 at 3:57 pm
Is there any “closer” idea as to when you will go public; ie. before or after Nov elections?
Debra Borchardt
July 20, 2018 at 1:42 pm
I’m hearing before.
Kimberley Green-Martinez
September 15, 2018 at 10:37 pm
How can I get informed of the date and how to purchase OTC fir Acreage? Is there a list?
Debra Borchardt
September 17, 2018 at 7:58 am
All we know about Acreage going public is that it will be before the end of the year. Possibly in the next month.
Carol Roberts
October 13, 2018 at 10:07 am
Please notify me of the date of the IPO. Will I be able to purchase shares through UBS or E-Trade? Thank you for information.
Debra Borchardt
October 15, 2018 at 8:47 am
It’s a reverse takeover versus IPO. It is expected to begin trading in early November.
gary
October 5, 2018 at 5:11 pm
hello. I was wondering how to find out when acreage holdings is going public. and or how i can invest in acreage.
Debra Borchardt
October 8, 2018 at 9:08 am
At this point, it becomes a matter of filing forms and getting the legal documentation in place. I would expect within a few weeks, assuming everything is in order.
Barrett Warner
October 12, 2018 at 5:34 pm
advise info — stock symbol for acerage holdings as soon as available please Thanks Barrett
Rolando Padron jr
September 28, 2018 at 7:53 pm
Wht is the symbol for acreage holding
Debra Borchardt
September 30, 2018 at 10:11 am
I don’t believe we’ve seen what the proposed symbol is.
David Mackin
November 16, 2018 at 7:11 am
B4 u get hot and heavy 4 these guys. We see conjob here they have large figure heads on board of directors. You can’t see a pic or exact location 4 any of their dispensaries on line. MedMen trading under 6 dollars these idiots are at 25. Something is fishy with this company
Robert Carey
April 12, 2018 at 10:49 am
Congratulations! The future is bright as the sun!
Jo
April 12, 2018 at 11:23 am
Can I buy stock in your company now? If so, how?
IF and when you have an IPO, can you put me on your list to advise?
Thank you for responding. Jo Sauza
Debra Borchardt
April 12, 2018 at 1:21 pm
Acreage Holdings is planning on going public this year, but nothing has been filed as of yet. You can sign up for the Green Market Report newsletter and we will definitely keep readers up to date on this news.
Dave
May 18, 2018 at 3:42 pm
Please advise on timing of IPO as specific as possible as in month, date as time goes on
Debra Borchardt
May 21, 2018 at 1:44 pm
We will definitely keep you informed as we learn more.
john greene
April 13, 2018 at 7:24 pm
interested in news letter and stock when you go public
Debra Borchardt
April 15, 2018 at 2:58 pm
You will see a button at the very bottom of the home page (near the right side) to subscribe to the newsletter!
Jimmy Smith
April 23, 2018 at 10:02 am
Signed up for the newsletter! Seems the industry is about to boom even further!
adriene josephson
April 14, 2018 at 9:43 am
impresed…pls keep informed
Dianna
April 15, 2018 at 8:52 am
I would like to sign up for the Green Market Report news letter.
Debra Borchardt
April 15, 2018 at 2:58 pm
You will see a button at the very bottom of the home page (near the right side) to subscribe to the newsletter!
John S
April 17, 2018 at 12:20 pm
what weed mutual funds would you recommend? thx
Debra Borchardt
April 17, 2018 at 3:50 pm
At this time, I think the Horizons ETF’s are the best choice.
John S
April 19, 2018 at 10:35 am
Thanks!
Greg
April 19, 2018 at 6:09 pm
Do you know when it will go public this year?
Debra Borchardt
April 19, 2018 at 7:57 pm
I hear in the later part of 2018.
Terrie Morelock
April 20, 2018 at 2:45 pm
How much does your newsletter cost?
Debra Borchardt
April 23, 2018 at 8:16 am
The newsletter is free.
Stephanie Abatisti
May 4, 2018 at 4:45 pm
I would like to review your news letters and I’m interested in acreage holdings when they become a public trading company. Thanks Debra!
Debra Borchardt
May 6, 2018 at 4:07 pm
Hi Stephanie,
Did you submit your information at the bottom of our website to join the newsletter?
Arnold Fiergang
April 21, 2018 at 10:43 am
Good article. Very Timely. This is a needed and appreciated publication
Debra Borchardt
April 23, 2018 at 8:15 am
Thanks for the kind words Arnold.
john thomas
April 23, 2018 at 8:51 am
just interested it just night be a big deal
RICHARD RUTHERFORD
May 4, 2018 at 1:24 pm
I WOULD LIKE YOUR NEWS/LETTER;
Debra Borchardt
May 6, 2018 at 4:07 pm
It goes out every Friday afternoon.
Kelly O'Donnell
May 12, 2018 at 11:43 pm
This is my last shot .Been very sick my Bride hung in there..When. Are you going this year.& What’s a Good Hemp stock that is a penny stock..Thank you..
Raymond J Dionisio
May 15, 2018 at 2:39 pm
Good morning Miss Borchardt,
I live in New York, and have held on to penny stocks in cannabis for ten years!
I hold apx, 1.8 million shares in 12 different Co’s….
I an interested in your Co.s IPO and when?
Also, Is this the company that our former speaker, John Boehner is now associated with?…..Thank You… Ray D.
(Who knows, maybe I’ll finely be lucky I held on this stock this long)….!:)
Debra Borchardt
May 15, 2018 at 6:37 pm
Yes, Acreage is the company that placed John Boehner on the board.
C_Starinaz87
May 28, 2018 at 2:36 am
Raymond J Dionisio, I have been researching cannabis companies to invest in for awhile now. Would you be so kind as to share some of your knowledge of the companies that I should invest in? Penny stocks… I am trying to invest now to secure funds for my dad’s pancreatic cancer medical bills and treatments. We have found a facility that will prolong his life and improve the quality of his life, but it is very expensive as you can imagine… Any advice would be much appreciated, thank you sir and God bless 🙂
Chris Star
May 28, 2018 at 2:37 am
Raymond J Dionisio, I have been researching cannabis companies to invest in for awhile now. Would you be so kind as to share some of your knowledge of the companies that I should invest in? Penny stocks… I am trying to invest now to secure funds for my dad’s pancreatic cancer medical bills and treatments. We have found a facility that will prolong his life and improve the quality of his life, but it is very expensive as you can imagine… Any advice would be much appreciated, thank you sir and God bless 🙂
C_Star_in_AZ_88
May 28, 2018 at 2:32 am
@ Raymond J. Dionisio – I have been researching different marijuana companies to invest my money into for awhile now.. Would you be so kind in giving me some recommendations for the companies that you have invested in? Penny stocks… I’m trying to invest now so I can secure funds for my father’s pancreatic cancer medical bills/treatments. I have found a facility that has a high probability of curing him/prolonging his life and quality of life, but it is very expensive as you can imagine… Any advise would be much appreciated and God bless 😊
Debra Borchardt
May 29, 2018 at 8:24 am
Hi Raymond, Take a look at the Green Market Report Index. It gives a great list of cannabis companies.
Mark Coffey
June 4, 2018 at 11:38 am
Hello, could you please let me know of when you go public. Thank you!
Debra Borchardt
June 4, 2018 at 5:52 pm
It is expected later in 2018.
William
July 6, 2018 at 5:23 pm
Is acreage holding planning on going public anytime soon?
Debra Borchardt
July 9, 2018 at 8:24 am
It is expected in the fall in Canada.
richard korecky jr.
June 6, 2018 at 11:39 am
Just signed up for the news letter. I am chompin at the bit with this ,company. Looking forward to being part of this exciting new industry.
Donald Grant
June 8, 2018 at 2:31 pm
Hi,
Thanks for the info and update. I await your IPO date.
Regards
Big D
June 10, 2018 at 1:07 pm
I’ve been investing in stocks for 20 years and I really appreciate someone else doing all the research and providing me the “cliff notes”. This industry is just moving too fast to read EVERYTHING…Thank you for doing all the leg work!
Debra Borchardt
June 11, 2018 at 7:45 pm
Happy to be of service.
Theresa Huey
June 23, 2018 at 5:11 am
I would love to know when you go public with your stock. Will you notify me?
Debra Borchardt
June 25, 2018 at 8:27 am
We will write about it on GMR
Sheila M
June 25, 2018 at 7:46 pm
High Street Capitol , MAIN is the stock symbol shows that it is now Acreage Holdings. Are you saying that is not correct?
Debra Borchardt
June 25, 2018 at 8:24 pm
MAIN is the symbol for Main Street Capital. There is also a High Street Capital firm based in Illinois, but Acreage is not a publicly traded stock at this time.
Jeff
June 28, 2018 at 7:50 pm
Going public on TSE, correct? My advisor can’t but cannabis stick internationally. How do I invest if it’s going public in Canada and not US, if my info is correct?
Debra Borchardt
June 28, 2018 at 9:00 pm
There are a few internet brokers that will do Canadian trades.
Lakecia Briggs
June 23, 2018 at 10:35 am
Interested in buying stock when it Acreage Holding goes public.
Melvin Ehrenreich
July 6, 2018 at 1:22 pm
Please put me on your mailing list for the Green Market Report
Newsletter. Thank you.
Are the plans for the IPO to be in Toronto only, or will it also be on the NY Stock Exchange?
Debra Borchardt
July 9, 2018 at 8:23 am
It is expected to be in the fall in Canada.
Robert Waldhoff
July 25, 2018 at 2:15 pm
Hello, please send me your weekly Report. thanks so much.
Debra Borchardt
July 25, 2018 at 6:48 pm
Hi Robert,
There’s a button near the bottom of the home page where you can enter your email address for the weekly newsletter.
Marv Mutzenberger
July 26, 2018 at 2:41 pm
I can’t seem to “sign up” for your Newsletter
Marv Mutzenberger
Debra Borchardt
July 27, 2018 at 8:16 am
Hi Marv,
Not sure what happened there, but we added your name to the list. Thanks for your interest.
GMR
Jay Galt
August 2, 2018 at 4:55 pm
Dear Ms. Borchardt,
I would like to speak with you concerning your planned entry and activity in the Western Canadian marketplace. Is it possible to schedule a call?
Debra Borchardt
August 3, 2018 at 7:32 am
Hi Jay,
Not quite sure what you are referring to with regards to Green Market Report.
Editor
Walid
August 5, 2018 at 4:41 am
Dear Debra
I’m interested in purchasing stocks in Acreage but I’m currently living outside of North America.
Will these stocks be traded internationally or will I be able to purchase stocks from abroad?
Debra Borchardt
August 5, 2018 at 2:07 pm
They will be trading in Canada. So, it will depend on whether your brokerage trades Canadian stocks.
Donna Kasper
August 10, 2018 at 11:01 pm
What is the ticker symbol for acreage holdings or the official NYSE symbol.
Thank you
Debra Borchardt
August 12, 2018 at 7:58 pm
There is no ticker yet.
Fritz Whaley
August 15, 2018 at 12:56 pm
Well, I’m really excited about the upcoming IPO. Don’t want to miss this one like I did FB. How are you going to compete with Aurora Cannabis (ACBFF)?. I will keep my eyes opened for the IPO. Thanks. Also, I’m sure there will be emails sent to those registered to your web. Thanks again.
RONALD JUSTICE
August 16, 2018 at 4:40 pm
I would like to be updated by email when you have news about Acreage Holdings going public and what the symbol will be for the stock when it goes public. I am interested and may consider investing in the stock when it goes public. Thank You , Ronald Justice
William Hausman
August 17, 2018 at 5:00 pm
I definitely want to be updated when Acreage Holdings goes public.
Heather
August 26, 2018 at 9:40 pm
Please let me know when Acreage goes public
Debra, Bronx, New York
August 27, 2018 at 4:35 pm
I too am Interested in this companies IPO, coming this fall (and really don’t want to ‘miss’ it)..
Is the Brokerage House TDAmeritrade, gonna be one of those companies, that will allow us to Trade the Stock???
Vanguard??, Fidelity??, Charles Schwabb??
‘Which’ companies??
Thanks Much..
Debra Borchardt
August 28, 2018 at 7:40 am
Usually, the main brokerages that you mentioned won’t trade Canadian stocks. You would have to wait for an OTC listed version. I believe companies like Questrade, TradeMonster and Interactive Brokers will deal in international stocks.
Ana B Padilla and/or Dennis Joaquim
September 7, 2018 at 3:17 pm
please keep me informed as soon as Acreage Holdings go’s public Thank you Dennis
John Guarnaccia
September 25, 2018 at 9:08 pm
Etrade has handled all my OTC transactions with canadian stocks.
Ana B Padilla and/or Dennis Joaquim
September 7, 2018 at 3:16 pm
please keep me informed as soon as Acreage Holdings go’s public Thank you Dennis
Deborah, Bronx, New York
September 11, 2018 at 11:22 pm
Thanks Much Debra for answering my email sent few weeks ago (I was just now checking back to see if yu had seen it (smile))..
I also had gone and ‘registered’ as yu had told us to, to get the ‘alert’/news letter etc, when they’ll be ready..
Thanks Much again for giving me those Three (3) company names..
Harold M Little
September 14, 2018 at 11:11 am
Thank You very much for the information, Debra.
Very interested in Acreage Holdings going public.
Thanks again
Joe R
September 18, 2018 at 9:15 am
Hi Debra, I have tried to sign up for your newsletter multiple times over the past two weeks and I’ve never received a response, not even a “Thanks for registering” notification. Can you please check to see if I’m on the list?
Also, I have a TD Ameritrade account and have bought a few Canadian pot stocks though them so I’m hoping Acreage will be available at TD! I’ll continue to search for the symbol every morning.
Thanks!
Debra Borchardt
September 18, 2018 at 9:40 am
Hi Joe,
We’ve been focused on our first big event, which was last Friday. We are a small startup and don’t have a huge staff so we aren’t always able to respond like larger organizations. We appreciate your interest and I will check on the newsletter for you. Thanks for the intel on TD Ameritrade.
Debra
Eva Bose
September 21, 2018 at 12:20 pm
How can I become an investor in Acreage Holdings prior to the IPO? Are there other companies looking for startup funds that I could invest in prior to the IPO?
Debra Borchardt
September 24, 2018 at 11:31 am
They are no longer taking private money and instead have moved forward to going public via a reverse takeover.
Deborah Mansi
September 23, 2018 at 3:30 am
Very interested in Acreage holdings when they go public.
Thank you, Debbie
Melvin Webb
October 4, 2018 at 10:51 am
Hello Debra, I hope your coverage of the cannabis industry is very current. I ‘m excited about Acreage Holdings, any new information, and ipo listing.
Keep up the great work .
Thanks, Melvin
Lance
October 11, 2018 at 5:38 pm
I know that the company is pubic now.. but I cannot find the ticker anywhere.
Debra Borchardt
October 15, 2018 at 8:47 am
The company did a reverse takeover, so the previously public shares stopped trading and then they will resume trading once everything is finalized. The rough date for that to happen is early November.
Lee Siuzdak
October 5, 2018 at 12:36 am
What does the reverse takeover mean in terms of buying stock? What company should we be following? When will the public go public?
Debra Borchardt
October 5, 2018 at 9:05 am
Instead of going through the expensive and lengthy process of an initial public offering, a private company may merge with an existing publicly traded company that is essentially a shell company. The private company buys the shell company’s stock and renames the company. It’s an easier way to become a publicly traded company. The media usually doesn’t get the trade date until days before it happens as legal forms get filed and the exchanges make their arrangements.
lee siuzdak
October 8, 2018 at 9:53 pm
Thanks Debra! So where do I watch for the IPO of Acreageholdings? Been trying to figure out where but i’m new to this
Debra Borchardt
October 11, 2018 at 12:47 pm
It is looking like second week of November, but that could change.
Steven
October 16, 2018 at 10:52 pm
Hi there, looks like everyone is excited to become millionaires! Any word on what the other “shell company” is? I too would like to keep an eye out for the ability to purchase the stock. Thanks
Richard Christensen
October 17, 2018 at 10:02 am
Hi Debra -Will you be posting any info -ticker symbol -trade date etc as you get closer to the actual date in November. I have been following various marijuana companies for some time and have narrowed it down to your company. I am interested in investing in the company so any info you can supply is greatly appreciated
Debra Borchardt
October 17, 2018 at 7:15 pm
Just to be clear, I am not Acreage Holdings. Having said that, I am hearing that it will be early November. I have not heard what the symbol will be.
nicholas
October 18, 2018 at 6:19 pm
It seems a shell company is set up on the tsx. symbol RAP.H
Stefan
October 31, 2018 at 5:18 pm
I would like to subscribe to Green Market Report.
robert wolcott
November 2, 2018 at 12:32 am
I have signed up for your newsletter, but have not heard anything so far. Please check to see if i am on your list. thank you
Debra Borchardt
November 5, 2018 at 3:49 pm
We will look into that.
Steven Meeks
November 14, 2018 at 4:49 pm
I want to know how to invest in acreage holdings
PHILLIP JOHNSON
November 15, 2018 at 10:45 am
Acreage Holding began trading in Canada today. What is the OTC ticker symbol for Acreage? Thank you.
Debra Borchardt
November 15, 2018 at 7:17 pm
There is no OTC ticker yet.
Bill
November 19, 2018 at 12:04 pm
ACRZF
CHARLOTTE MURPHY
November 29, 2018 at 3:36 pm
How do I invest please?
Debra Borchardt
November 29, 2018 at 4:58 pm
Contact a brokerage and open an account.
Virgil
December 6, 2018 at 8:36 am
Pls. Sign me up for your free newsletter. TNX!
C Stevens
December 9, 2018 at 5:24 am
Hi Debra, I’m with Robert Wolcott & Virgil. Love your site, signed up for your newsletter. So far, nothing in my box. Hope this changes soon. Best regards, C Stevens
Debra Borchardt
December 9, 2018 at 7:47 pm
We will check on your email address. Thanks for the feedback.
C Stevens
December 9, 2018 at 11:57 pm
You’re welcome. Thank you for the site.