Acreage Holdings, Inc. announced the completion of its infrastructure expansion at its facility in Egg Harbor Township, New Jersey. The multi-faceted cultivation and processing upgrades support the ongoing demand for products at both the retail and wholesale levels, as well as the broadening of the Company's brand and product offerings in the burgeoning New Jersey market. Additionally, with the expansion, the Company expects to increase headcount by approximately 15% at the facility as of First Quarter 2024.

Introduced new premium plant genetics to diversify the Company's concentrates offering. The genetics were hand-selected with the goal of setting a new standard in the industry for the quality and potency of Acreage's branded concentrates, which starts with the cultivation of top-tier cannabis plants. Enhanced extraction capabilities with an expanded manufacturing space, featuring a new hydrocarbon extraction unit and specialized areas for solventless extraction capabilities.

The broader range of extraction techniques will allow for the expansion of the Company's premium concentrates offering, including the highly anticipated cured and live resin concentrate that will play a pivotal role in growing the Company's brands in the New Jersey market, such as The Botanist and Superflux. Since its founding in 2011, Acreage has focused on building and scaling operations to create a seamless, consumer-focused, branded experience.