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Acreage Obtains Final Order for U.S. Strategic Arrangement with Canopy and Canopy USA

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This has been quietly going on for a while in the background. It is worth keeping an eye on.

The Press Release

NEW YORK, March 21, 2023 (GLOBE NEWSWIRE) — Acreage Holdings, Inc. (“Acreage” or the “Company”) (CSE: ACRG.A.U, ACRG.B.U), (OTCQX: ACRHF, ACRDF), is pleased to announce that it has obtained a final order from the Supreme Court of British Columbia approving the previously announced arrangement (the “Floating Share Arrangement”) under section 288 of the Business Corporations Act (British Columbia) (the “BCBCA”) involving Canopy Growth Corporation (“Canopy”) and Canopy USA, LLC (“Canopy USA”). The implementation of the Floating Share Arrangement is subject to the satisfaction or waiver of all other conditions set out in the arrangement agreement dated October 24, 2022, as amended on March 17, 2023, among the Company, Canopy and Canopy USA (the “Floating Share Arrangement Agreement”). Pursuant to the Floating Share Arrangement, Canopy USA will acquire all of the issued and outstanding Class D subordinate voting shares of Acreage (the “Floating Shares”) on the basis of 0.45 of a common share of Canopy (each whole share, a “Canopy Share”) for each Floating Share held at the time of the acquisition of the Floating Shares.

In accordance with the terms of the Floating Share Arrangement Agreement, Canopy has agreed, subject to the terms and conditions set forth therein, to exercise its option pursuant to the arrangement agreement (the “Existing Arrangement Agreement”) between Canopy and Acreage dated April 18, 2019, as amended (the “Fixed Option”) to acquire Acreage’s outstanding Class E subordinate voting shares (the “Fixed Shares”), representing approximately 70% of the total shares of Acreage as at the date hereof, at a fixed exchange ratio of 0.3048 of a Canopy Share for each Fixed Share held, such exercise to occur no later than five business days following the satisfaction of all required conditions. Upon completion of: (i) the acquisition of the Floating Shares pursuant to the Floating Share Arrangement; and (ii) the acquisition of the Fixed Shares pursuant to the arrangement under section 288 of the BCBCA on the terms and conditions set out in the Existing Arrangement Agreement (the “Existing Arrangement”), Canopy USA will own 100% of the issued and outstanding shares in the capital of Acreage.

As previously announced, Acreage received the required approval of the holders of Floating Shares (the “Floating Shareholders”) in connection with the Floating Share Arrangement at its special meeting of Floating Shareholders held on March 15, 2023. Upon the satisfaction or waiver of all other conditions set out in the Floating ‎Share Arrangement Agreement, which the parties continue to work towards, the parties will complete the ‎Floating Share Arrangement. ‎

On March 17, 2023, Acreage, Canopy and Canopy USA entered into an amendment to the Floating Share ‎Arrangement Agreement to extend the Exercise Outside Date (as defined in the Floating Share ‎Arrangement Agreement) from March 31, 2023 to May 31, 2023, or such later date as may be agreed to in ‎writing by Acreage, Canopy and Canopy USA.‎



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Asia Pacific & Australia

It All Turned A Bit Bogan At Aussie Medical Cannabis Symposium

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Thanks to Hemp Gazette for spotting this – I have to admit I missed it and unsurprisingly nobody made me aware of it The Linked in Post from the organisers Some Comments



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And Today’s Mass CCC Drama Is… plot to “take out” O’Brien as punishment for investigating serious allegations of cover-ups, abuse and misconduct within the agency.

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C/- Grant Smith – Ellis

I do hope there is a Netflix scriptwriter following his posts – all this would make a perfect update to Parks & Recreation or The Office..

Here’s a taste of the latest episode

 

In shocking development, former Massachusetts CCC Chair Shannon O’Brien alleges State Treasurer Deb Goldberg violated court order in an attempt to keep secret details about a plot within the CCC to “take out” O’Brien as punishment for investigating serious allegations of cover-ups, abuse and misconduct within the agency.

Furthermore, say O’Brien’s lawyers, Goldberg attempted to spread this incorrectly redacted document to the press in an attempt to obfuscate the serious allegations directed at CCC staff (and currently being hidden from the public by way of these risky redactions).

A section of Thursday’s motion from former CCC Chair Shannon O’Brien, alleging violations of a court order by State Treasurer Deb Goldberg. (Released via MassCourts, 2/13/25)

O’Brien, in turn, is asking the court to order the entire document unsealed for pubic review as a sanction for Goldberg violating the court’s specific instructions as to redactions.

“Given the nature of the underlying proceedings, and the asserted bases for Plaintiff’s removal as Chair of the CCC, the Court is, frankly, skeptical that the administrative record itself is likely to contain a significant amount of protected personal information that satisfied the narrow definition of same under SJC Rule 1:24,” said judge Robert B. Gordan (who is specially assigned to the matter) in a prior ruling instructing Goldberg as to how to go about filing the redacted document in question. Read more background about that ruling here – https://www.patreon.com/posts/121109593

A section of the original court order that O’Brien alleges Goldberg violated. (Released via MassCourts, 1/30/25)

Then, in a strong, rebuke to Goldberg, Judge Gordon went on to say, …[T]he Treasurer has not identified, and the Court has not located, any case authority suggesting that an administrative record filed in the context of a review under G.L.c. 249 Section 4 or G.C.c. 30A is subject to the broader strictures of [the Fair Information Practices Act/FIPA], to claims of attorney-client privileges asserted after the subject information was disclosed in an administrative proceeding, or to a privet promised of confidentiality that a governmental agency may have extended to a complaining employee, such as would justify impoundment or redaction of the administrative record on those grounds.”

In turn, Goldberg’s shocking decision to attempt to hide most of the document in question from public view may well draw the ire of the court upon review thereof.

A hearing on the matter has been requested, but not yet scheduled, in Suffolk Superior Court.

’Brien alleges that a group of CCC staff members –attempting to cover up serious allegations of abuse, misconduct and corruption– “took out” O’Brien with pre-textual smears after she attempted to reform the beleaguered regulatory juggernaut.

Goldberg, O’Brien further alleges, is attempting to hide documents related to O’Brien’s suspension (and eventual dismissal) that may show a plot by Nurys Camargo, Shawn Collins, Cedric Sinclair and other CCC personnel to “take out” O’Brien with pretextual allegations of misconduct. Those documents are currently being kept private by Goldberg’s office because of the explosive allegations of misconduct (directed at some of Goldberg’s friends/allies) included therein.

Plenty more at

https://www.patreon.com/posts/new-overnight-in-122264111?utm_campaign=patron_engagement&utm_source=post_link&post_id=122264111&utm_id=8eb034e7-1b0e-497d-b0de-90b535ee76e9&utm_medium=email

 



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Royal Queen Seeds Fund Campaign In Germany Saying There’s A Lot of Poo In Illegal Weed.. and yes hilarity ensues with puns about smoking good shit

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Only one in five samples classified as “clean”

After eight months of work and with the fantastic support of over 200 volunteers, the submitted samples were tested for biological components, pesticides, and other drugs.* And the results were shocking: Out of more than 300 samples tested, only around 20 percent were classified as safe and clean products. The majority of the remaining 80 percent contained traces of substances such as human and animal feces, Covid-19, and influenza viruses. We also found traces of cocaine, ketamine, crystal meth, MDMA, and even compounds from hairspray, as well as traces of toxic pesticides that are classified as illegal in Europe.

Worst test results in Berlin, Hamburg, and Munich

How the individual cities performed in the study is shown in the following overview, listed in descending order from most to least contaminated samples from 30 German cities and 20 other European metropolises.

*Please see below for detailed information on the analysis methodology.



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