Acreage Holdings, Inc. (CSE:ACRG, ACRG.B.U)) (OTCQX:ACRHF, ACRDF)) said it anticipates thatCanopy USA,LLC–Canopy Growth Corporation's (TSX:WEED) (NASDAQ:CGC) strategy for capturing the U.S. cannabis market will complete its acquisition of Acreage by mid-December, 2024.

The move could leave holders of Acreage's Class E shares (fixed shares) with nothing. That is, if Canopy's stock price price remains below $5 when the deal closes, Acreage pointed out in a Monday press release.

Why?

The convertible note offering completed in June caused significant dilution of Acreage's fixed shares, leaving them without any...