On July 23, 2018, Acreage Holdings announced that their Series E funding round closed successfully. The company is one of the largest cannabis operators in the country, and they were capable of securing $119 million in capital, which are going to be utilized to help the company get ready for their public listing on the Canadian Securities Exchange. This listing is supposed to go live sometime in the third quarter of 2018, and many investors are excited about the opportunity to invest in this company.
With the money raised, and the rollup, it shows that success of this company and the amount of faith that the investor partners have in it to continue to be a force in the world of cannabis. In fact, the amount raised is the largest amount of private funding that a company has raised in this industry thus far. Currently, the company is operating to some degree in all 13 states. The additional money that has been raised should help the company to expand their horizons, along with the number of brands, licenses, and properties that they operate substantially over the course of the next year or so.
The expansion is likely to help them to become an even more attractive option for investors when they are added to the Canadian Securities Exchange in the autumn of 2018. Acreage is a company that is worth watching closely, and it could very well be a perfect option for investors looking for an opportunity they can trust.