- The email, apparently from a senior executive, touts several achievements and says the company is currently involved in a financing effort that is “critical to ensure that the Company is on solid footing for the balance of 2020 until we are cash flow positive.”
- The post also includes an anonymous “take away” which suggests the company is struggling with operational issues and a “toxic” work environment.
- An Acreage spokesman confirmed the email’s authenticity to WeedWeek. He declined to comment on it or the “take away.”
- Acreage stock was at $5.81 yesterday, down from $24.13 in May.
Acreage has agreed to be acquired by Canadian giant Canopy Growth for $3.4 billion once U.S. law permits. It has also garnered attention for naming former Republican Speaker of the House John Boehner to its board of directors.