August 18, 2020

Acreage Holdings, Inc. ("Acreage" or "the Company") (CSE: ACRG.U) (OTCQX: ACRGF) (FSE: 0VZ) is pleased to announce that it: (i) obtained an interim order (the "Interim Order") of the Supreme Court of British Columbia (the "Court") in connection with its proposed amended arrangement (the "AmendedArrangement") involving Canopy Growth Corporation ("Canopy Growth") to be implemented under a statutory plan of arrangement pursuant to section 288 of the Business Corporations Act (British Columbia); and (ii) filed its proxy statement and management information circular (collectively, the "Circular") and related materials (the "Meeting Materials") in respect of the special meeting of Acreage shareholders (the "Shareholders") to be held on September 16, 2020 (the "Meeting") to approve the Amended Arrangement and matters related thereto.

July 21, 2020

Acreage Holdings, Inc. (the "Company" or "Acreage") (CSE:ACRG.U, OTCQX: ACRGF, FSE:0VZ) announced today that it has filed a preliminary proxy statement (the "Preliminary Proxy Statement") with the Securities and Exchange Commission (the "SEC") for a special meeting of shareholders (the "Meeting") to consider the previously announced agreement with Canopy Growth Corporation ("Canopy Growth"), pursuant to which the parties are proposing to enter into an amending agreement (the "Amending Agreement") to (i) amend the terms of the existing arrangement agreement between the Company and Canopy Growth dated April 18, 2019, as amended on May 15, 2019 (the "Arrangement Agreement"), (ii) amend and restate the existing plan of arrangement (the "Amended Plan of Arrangement") and (iii) implement the Amended Plan of Arrangement pursuant to the Business Corporations Act (British Columbia) (the "Amended Arrangement"). In connection with the Amended Plan of Arrangement, the Company also proposes to amend and restate its equity incentive plan (the "Amended and Restated Omnibus Equity Incentive Plan"). The date of the Meeting will be specified in a definitive proxy statement to be mailed to Acreage's shareholders.

June 25, 2020

Canopy Growth Corporation ("Canopy Growth") (TSX: WEED) (NYSE: CGC) and Acreage Holdings, Inc. ("Acreage") (CSE: ACRG.U) (OTCQX: ACRGF) (FSE: 0VZ), today announced they have entered into an agreement (the "New Agreement") to amend the terms of the arrangement agreement dated April 18, 2019, as amended on May 15, 2019, between Canopy Growth and Acreage (the "Arrangement Agreement").

Pursuant to the Arrangement Agreement, Canopy Growth agreed to acquire all of the issued and outstanding securities of Acreage pursuant to a plan of arrangement under the Business Corporations Act (British Columbia) (the "Plan of Arrangement"), contingent upon the occurrence of changes in U.S. federal law to permit the general cultivation, distribution, and possession of marijuana (the "Triggering Event") and subject to the satisfaction or waiver of certain conditions to closing as set out in the Arrangement Agreement.