Acreage Holdings is the latest US cannabis firm to tap the public markets in Canada, where marijuana is legal, through a reverse takeover. The company raised $314 million in a private placement that values it at about $2.8 billion. Acreage shares are set to start public trading on Thursday.
Run by former Wall Street banker Kevin Murphy, Acreage has more has more than 40 dispensaries across the United States. In addition to Boehner, a Republican, the company also counts former conservative Canadian Primer Minister Brian Mulroney as an adviser.