X0306 4 2020-11-18 0 0001762359 Acreage Holdings, Inc. ACRG.A 0001796979 Doherty James A III 366 MADISON AVENUE, 11TH FLOOR NEW YORK NY 10017 0 1 0 0 General Counsel Common Stock - Class D Subordinate Voting Shares 2020-11-18 4 S 0 659 3.1504 D 382519 D Common Stock - Class E Subordinate Voting Shares 2020-11-18 4 S 0 1489 3.4415 D 892594 D Stock Option (Right to Buy) 7.5 2028-11-14 Common Stock - Class D Subordinate Voting Shares 72000 72000 D Stock Option (Right to Buy) 17.5 2028-11-14 Common Stock - Class E Subordinate Voting Shares 168000 168000 D Common Units of High Street Capital Partners, LLC See Footnote 210373 210373 D Shares sold solely for the purpose of paying taxes applicable as a result of the vesting of restricted stock units. Pursuant to the Amended Arrangement between Canopy Growth Corporation and Acreage Holdings, Inc., implemented on September 23, 2020, Acreage's articles have been amended to create new Class E subordinate voting shares (the "Fixed Shares"), Class D subordinate voting shares (the "Floating Shares") and Class F multiple voting shares (the "Fixed Multiple Shares"). Each existing Class A subordinate voting share of Acreage (each, a "Subordinate Voting Share") has been exchanged for 0.7 of a Fixed Share and 0.3 of a Floating Share, each existing Class B proportionate voting share (each, a "Proportionate Voting Share") has been exchanged for 28 Fixed Shares and 12 Floating Shares and each existing Class C multiple share (each, a "Multiple Voting Share") has been exchanged for 0.7 of a Fixed Multiple Share and 0.3 of a Floating Share. One-third of the options vested on November 14, 2019. The remaining options vest ratably over the subsequent eight quarters. These Units are convertible into 0.7 of a Class E subordinate voting share and 0.3 of a Class D subordinate voting share or the cash equivalent thereof at the option of Acreage Holdings, Inc. as set forth in the High Street Capital Partners, LLC Third Amended and Restated Operating Agreement. /s/ Jessica S. Lochmann, Attorney-in-Fact for James A. Doherty III 2020-11-19