Form 8-K - Current report

0001762359FALSE00017623592024-01-102024-01-100001762359acrg:ClassESubordinateVotingSharesMember2024-01-102024-01-100001762359acrg:ClassDSubordinateVotingSharesMember2024-01-102024-01-10

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

  

Date of Report (Date of earliest event reported): January 10, 2024

Commission file number 000-56021

ACREAGE HOLDINGS, INC.
(Exact name of registrant as specified in its charter)

British Columbia, Canada									98-1463868
(State or other jurisdiction of incorporation or organization)									(I.R.S. Employer Identification No.)
366 Madison Ave, 14th floor			New York			New York			10017
(Address of Principal Executive Offices)									(Zip Code)

[phone]

Registrant’s telephone number, including area code

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act: None.

Securities registered pursuant to Section 12(g) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Class E subordinate voting shares

ACRHF

OTC Markets Group Inc.

Class D subordinate voting shares

ACRDF

OTC Markets Group Inc.

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter)       

Emerging growth company			☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

---

Item 5.07			Submission of Matters to a Vote of Security Holders.

On January 9, 2024, Acreage Holdings, Inc. (“Acreage” or the “Company”) distributed a shareholder resolution and ballot to all registered holders of Class D Subordinate Voting Shares, Class E Subordinate Voting Shares and Class F Multiple Voting Shares in accordance with the Company’s articles of incorporation (the “articles”) and the Business Corporations Act (British Columbia) setting the number of directors of the Company at four (the “Resolution”). Under the Business Corporations Act (British Columbia), an “ordinary resolution” includes a resolution passed, after being submitted to all of the shareholders holding shares that carry the right to vote at general meetings, by being consented to in writing by shareholders holding shares that carry the right to vote at general meetings who, in the aggregate, hold shares carrying at least a special majority of the votes entitled to be cast on the resolution. Under Acreage’s articles, a “special majority” is two-thirds of the votes entitled to be cast on the resolution.

On January 10, 2024, Kevin P. Murphy, the registered holder of 506,396,400 votes, representing approximately 81.4% of the voting rights attached to all of the issued and outstanding shares of the Company, voted in favor of the Resolution. John Boehner, William C. Van Faasen, Dennis Curran and Corey Sheahan remain the current members of Acreage’s Board of Directors.

Item 9.01			Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.						Description
104						Cover Page Interactive Data File (embedded within the Inline XBRL document).

---

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

									ACREAGE HOLDINGS, INC.
			By:						/s/ Corey Sheahan
									Corey Sheahan Executive Vice President, General Counsel and Secretary

 

Date: January 12, 2024

Cover Page	Jan. 10, 2024
Entity Information [Line Items]
Document Type	8-K
Document Period End Date	Jan. 10, 2024
Entity File Number	000-56021
Entity Registrant Name	ACREAGE HOLDINGS, INC.
Entity Incorporation, State or Country Code	A1
Entity Tax Identification Number	98-1463868
Entity Address, Address Line One	366 Madison Ave, 14th floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10017
City Area Code	646
Local Phone Number	600-9181
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Amendment Flag	false
Entity Central Index Key	0001762359
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Class E Subordinate Voting Shares
Entity Information [Line Items]
Title of 12(g) Security	Class E subordinate voting shares
Trading Symbol	ACRHF
Class D Subordinate Voting Shares
Entity Information [Line Items]
Title of 12(g) Security	Class D subordinate voting shares
Trading Symbol	ACRDF

---