On September 13, 2024, Acreage Holdings, Inc. entered into a second amended and restated credit agreement with a subsidiary of Canopy Growth Corporation and a third-party lender, amending and restating the amended and restated credit agreement dated June 3, 2024 among Acreage, High Street Capital Partners, LLC, as borrower, and the other parties thereto.

The third-party lender advanced US$65 million with an original issue discount of 10%, being US$6.5 million. Approximately US$48 million of the amount advanced by the third-party lender was used to repay all amounts owing by Acreage to the non-Canopy lender pursuant to the existing credit agreement. The net proceeds of the loan to Acreage totals approximately US$8 million after closing costs and expenses.

Cassels acted for Acreage with a team that included Jonathan Sherman, Chuck Rich, Daniel P. Cipollone, Richard Ngo, J’Davia Noel