UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 1, 2022
| ACREAGE HOLDINGS, INC. |
| (Exact name of registrant as specified in its charter) |
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| Commission File Number: 000-56021 |
| |
| British Columbia, Canada | 98-1463868 |
| (State or other jurisdiction of incorporation) | (IRS Employer Identification No.) |
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450 LEXINGTON AVENUE, #3308 NEW YORK, New York, 10163, united states |
| (Address of principal executive offices, including zip code) |
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| (646) 600-9181 |
| (Registrant’s telephone number, including area code) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act:
| Title of each class | | Trading Symbol(s) | | Name of each exchange on which registered |
| Class E subordinate voting shares | | ACRHF | | OTC Markets Group Inc. |
| | | | | |
| Class D subordinate voting shares | | ACRDF | | OTC Markets Group Inc. |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company x
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Consulting Agreement
On April 1, 2022, Acreage Holdings, Inc. (the “Company”) entered into a consulting agreement with Robert Daino (the “Agreement,”), who previously served as the chief operating officer of the Company and retired from the employment of the Company on March 31, 2022. Pursuant to the terms of the Agreement, Mr. Daino will provide support relating to the Company’s regulatory applications and structure of the Company’s operations in New Jersey. The Agreement shall continue on a month-to-month basis until terminated by either the Company or Mr. Daino, and Mr. Daino shall receive $20,000 per month for his consulting services.
A copy of the Agreement is filed with this Current Report on Form 8-K as Exhibit 10.1. The foregoing description of the terms of the Agreement is a summary of select terms, is not complete, and is qualified in its entirety by reference to the full text thereof, which is incorporated by reference herein.
| Item 9.01. | Financial Statements and Exhibits. |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
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| | ACREAGE HOLDINGS, INC. | |
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| Date: April 6, 2022 | /s/ Steve Goertz | |
Steve Goertz Chief Financial Officer | |
