Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.



Appointment of New Director
On January 11, 2021, Acreage Holdings, Inc. (the "Company") announced that Katie
Bayne has been appointed to the Company's Board of Directors.
Ms. Bayne founded and is currently the president of Bayne Advisors, a strategic
consulting and advisory firm. She is also presently a senior advisor at
Guggenheim Partners and serves as an independent director on the board of the
Honest Company. From November 2015 to June 2020 she was also an independent
director on the board of the Ascena Retail Group, Inc. (OTCMKTS: ASNAQ). From
1995 to 2018, Ms. Bayne worked in various roles at the Coca-Cola Company where
she held multiple leadership positions including President of North America
Brands and Chief Marketing Officer for North America.
As a non-employee director, Ms. Bayne will receive a new director bonus of
$150,000 of restricted stock units, or RSUs, and annual compensation consistent
with that paid to other non-employee directors of $250,000 of RSUs, with 75% of
the compensation distributed as Class D floating RSUs and 25% of the
compensation distributed as Class E fixed RSUs.
There is no arrangement or understanding between Ms. Bayne and any other person
pursuant to which Ms. Bayne was appointed as a director of the Company, and
there are no transactions in which Ms. Bayne has an interest requiring
disclosure under Item 404(a) of Regulation S-K.
Ms. Bayne was appointed by the Board to fill a vacancy created when it increased
its size from five to six directors pursuant to its authority under the Articles
of Incorporation.
Ms. Bayne has also been appointed to the Audit Committee of the Board.
The Company's press release announcing the appointment of Ms. Bayne is attached
hereto as Exhibit 99.1 and is incorporated by reference into this Item 5.02.


Item 9.01. Financial Statements and Exhibits.
(d)       Exhibits. The following exhibit is filed as part of this Current Report on Form
          8-K.

Exhibit No.                    Description of Exhibit
99.1                             Press release of Acreage Holdings, Inc., dated January 11,
                               202    1    .

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