Acreage Holdings Appoints Gretchen McCarthy as New Vice President

NEW YORK, Aug. 01, 2019 (GLOBE NEWSWIRE) — Acreage Holdings, Inc. ("Acreage") (CSE: ACRG.U) (OTCQX: ACRGF) (FSE: 0ZV) today announced the appointment of Gretchen McCarthy as Vice President of Retail Operations. Ms. McCarthy will be responsible for providing leadership and direction to Acreage stores across Acreage's national retail portfolio, which includes licenses to open up to 88 dispensaries (including pending acquisitions) in the U.S. Ms. McCarthy will report to Chief Operating Officer, Robert Daino.

As a seasoned executive in the cannabis space, Ms. McCarthy joins Acreage after previously serving as Vice President of Dispensary Operations and Development at Curaleaf Holdings, Inc. from 2017 to 2019. In this role, she was responsible for expanding Curaleaf's retail footprint by providing dispensary management and operational guidance for all store locations. From 2015 to 2017, in her role as Director of Dispensary Operations and Development, Ms. McCarthy led the Human Resources function for Curaleaf as a whole and managed day-to-day operations of a Curaleaf dispensary in Bellmawr, New Jersey. Additionally, in 2011, Ms. McCarthy opened and operated one of the first medical cannabis dispensaries on the East Coast, Maine Organic Therapy.

"As we continue to bolster our retail presence and leverage our suite of products throughout the country, I am thrilled to partner with Gretchen who possesses both the unique skill-set and capability to ensure that we are delivering an unparalleled trusted experience to both our medicinal patients and adult-use consumers."

– Chief Operating Officer, Robert Daino.

Regarding her new position, Ms. McCarthy added, "Retail locations in the medical cannabis industry are the vital intersection of education and wellness. As Vice President of Retail Operations, I will make it my mission to provide access and availability to patients that come to each of our locations while providing compassion and professionalism in an emerging market."

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Headquartered in New York City, Acreage is the largest vertically integrated, multi-state operator of cannabis licenses and assets in the U.S. with respect to the number of states with cannabis related licenses, according to publicly available information.  Acreage owns licenses to operate or has management or consulting services agreements in place with license holders to assist in operations in 20 states (including pending acquisitions) with a population of approximately 180 million Americans, and an estimated 2022 total addressable market of more than $17 billion in legal cannabis sales, according to Arcview Market Research.  Acreage is dedicated to building and scaling operations to create a seamless, consumer-focused branded cannabis experience.  Acreage's national retail store brand, The Botanist, debuted in 2018.

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Louis O'Neill
Louis O'Neill

Louis is a writer based in Sydney with a focus on social and political issues. Having interviewed local politicians and entrepreneurs, Louis now focuses on cannabis culture, legislation & reform.

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