[1] Members of Acreage Holdings' Board of Directors include former Republican Congressman and Speaker of the United States House of Representatives John Boehner,[2] former libertarian Republican Governor of Massachusetts Bill Weld, former IBM Chief Financial Officer Douglas Maine, and former Conservative Prime Minister of Canada Brian Mulroney.

[7] Acreage had its initial public offering in November 2018, beginning trading on the Canadian Securities Exchange.

[8] By the following April, it was one of the largest US-based cannabis companies, with licenses or agreements for cultivation, processing and dispensing in nineteen states, as well as its own chain of retail stores, The Botanist.

[9] In the same month, Canopy Growth, a firm with headquarters in Smiths Falls, Ontario and the largest cannabis company in the world,[8] concluded an agreement with Acreage to buy 100% of the latter's shares for US$3.4 billion.

In an interview with The Canadian Press, Vivien Azer, senior research analyst with Cowen, said that Acreage was a suitable acquisition target because it had the greatest market penetration in the U.S. and believed that the deal would "likely prove helpful in pushing for a change in U.S. laws surrounding cannabis".