Acreage Holdings Appoints Corey Sheahan as General Counsel

Rhea-AI Summary

Acreage Holdings announced the appointment of Corey Sheahan as the new General Counsel, effective April 18, 2022. He replaces Jim Doherty, who completed a successful four-year tenure. Sheahan, who previously served as Acreage's Deputy General Counsel, returns after his role at Ascend Wellness Holdings. His experience includes managing high-profile transactions, such as Acreage's public listing and its collaboration with Canopy Growth. CEO Peter Caldini highlighted Sheahan's industry knowledge as vital for navigating evolving regulatory landscapes.

Positive

• Corey Sheahan's familiarity with Acreage's operations is expected to enhance legal efficiency.
• Sheahan's previous experience in leading significant transactions may provide a strong foundation for future deals.

Negative

• Transitioning from Jim Doherty may lead to temporary continuity challenges within the legal department.

NEW YORK, April 18, 2022 (GLOBE NEWSWIRE) -- Acreage Holdings, Inc. (“Acreage”) (CSE: ACRG.A.U, ACRG.B.U), (OTC: ACRHF, ACRDF), a multi-state operator of cannabis ‎cultivation and retailing facilities in the U.S., today announced the appointment of Corey Sheahan as General Counsel of Acreage, effective today. Corey replaces Jim Doherty as General Counsel, who previously announced his departure from Acreage after a successful four-year tenure.

Corey returns to Acreage after an 18-month tenure as Executive Vice President of Legal and Chief Legal Officer at Ascend Wellness Holdings, Inc. Previously, Corey served as Deputy General Counsel at Acreage where he successfully led and managed Acreage through various high-profile transactions, including its going public transaction and arrangement agreement with Canopy Growth Corporation. Before Acreage, he practiced transactional and securities business law at Foley & Lardner LLP. Corey holds a Juris Doctor degree from Duke University School of Law.

“As a well-versed legal professional who is deeply familiar with Acreage’s mission, values, and internal operations, Corey is uniquely qualified to lead our legal team,” said Peter Caldini, CEO of Acreage. “Corey’s comprehensive industry knowledge and strong governance experience is an invaluable asset to Acreage as we continue to scale and solidify our position in high-growth markets with evolving regulatory developments. We are thrilled to welcome him to Acreage’s leadership team.”

“I am honored to return to the company that first introduced me to the complex, ever-changing cannabis industry as General Counsel,” said Corey Sheahan, General Counsel of Acreage. “I look forward to working with the leadership team, board and all Acreage employees and stakeholders to help Acreage execute on its focused corporate strategy.”

About Acreage Holdings, Inc.

Acreage is a multi-state operator of cannabis ‎cultivation and retailing facilities in the U.S., including the company’s national retail store ‎brand, The Botanist. With its principal address in New York City, Acreage’s wide range of national and regionally available cannabis products include the award-winning The Botanist brand, craft brand Superflux, the Tweed brand, the Prime medical brand in Pennsylvania, the Innocent brand in Illinois and others. Acreage also owns Universal Hemp, LLC, a hemp subsidiary dedicated to the distribution, marketing and sale of CBD products throughout the U.S. Since its founding in 2011, Acreage has focused on building and scaling operations to create a ‎seamless, consumer-focused, branded experience. Learn more at www.acreageholdings.com and follow us on Twitter, LinkedIn, Instagram, and Facebook.

For more information, contact:

Steve Goertz
Chief Financial Officer
investors@acreageholdings.com

MATTIO Communications
acreage@mattio.com

FAQ

Who is the new General Counsel of Acreage Holdings as of April 2022?

Corey Sheahan is appointed as the new General Counsel of Acreage Holdings, effective April 18, 2022.

What experience does Corey Sheahan bring to Acreage Holdings?

Corey Sheahan has previously served as Deputy General Counsel at Acreage and held the position of Executive Vice President of Legal at Ascend Wellness Holdings.

Who did Corey Sheahan replace as General Counsel at Acreage?

Corey Sheahan replaces Jim Doherty, who completed a successful four-year tenure.

Why is Corey Sheahan's appointment significant for Acreage Holdings?

His extensive legal and industry experience is expected to help navigate the evolving cannabis regulatory landscape.

What impact might Jim Doherty's departure have on Acreage Holdings?

Doherty's departure might create continuity challenges during the transition period.