April 18 (Reuters) - Acreage Holdings Inc ACRGu.CD :
* CANOPY GROWTH ANNOUNCES PLAN TO ACQUIRE LEADING U.S. MULTI-STATE CANNABIS OPERATOR, ACREAGE HOLDINGS
* ACREAGE HOLDINGS INC - AGGREGATE TOTAL PAYMENT OF US$300 MILLION OR APPROXIMATELY US$2.55 PER ACREAGE SUBORDINATE VOTING SHARE
* ACREAGE HOLDINGS INC - TRANSACTION IS VALUED AT APPROXIMATELY US$3.4 BILLION
* ACREAGE HOLDINGS - COS WILL ALSO EXECUTE LICENSING AGREEMENT GRANTING ACREAGE ACCESS TO CANOPY'S LINE-UP OF BRANDS SUCH AS TWEED AND TOKYO SMOKE
* ACREAGE HOLDINGS - HOLDERS OF SUBORDINATE VOTING SHARES OF ACREAGE WILL RECEIVE 0.5818 OF A COMMON SHARE OF CANOPY GROWTH FOR EACH ACREAGE SHARE HELD
* ACREAGE HOLDINGS INC - ACREAGE PRESIDENT, GEORGE ALLEN WILL DEPART COMPANY EFFECTIVELY IMMEDIATELY
* ACREAGE HOLDINGS INC - ACREAGE CHAIRMAN AND CEO KEVIN MURPHY WILL ASSUME DUTIES OF PRESIDENT
* ACREAGE HOLDINGS INC - UNDER TERMS OF AGREEMENT, CANOPY GROWTH WILL PAY UP-FRONT CASH PREMIUM TO ACREAGE HOLDERS
* ACREAGE HOLDINGS INC - WILL ALSO EXECUTE A LICENSING AGREEMENT GRANTING ACREAGE ACCESS TO CANOPY GROWTH'S BRANDS SUCH AS TWEED AND TOKYO SMOKE
* ACREAGE HOLDINGS INC - DUE TO SCOPE OF PROPOSED DEAL, CANOPY GROWTH AND CONSTELLATION BRANDS HAVE AMENDED INVESTOR RIGHTS AGREEMENT
* ACREAGE HOLDINGS INC - CONSTELLATION WILL CONTINUE TO MAINTAIN ITS CURRENT LEVEL OF REPRESENTATION ON CANOPY'S BOARD
* ACREAGE HOLDINGS INC - AGREEMENT INCLUDES TERMINATION FEE IN AMOUNT OF US$150 MILLION PAYABLE BY ACREAGE IN EVENT THAT TRANSACTION IS TERMINATED
* ACREAGE HOLDINGS - CONSTELLATION WOULD BE PERMITTED TO BUY UP TO 20 MILLION CANOPY SHARES IN OPEN MARKET PRIOR TO WARRANTS BEING EXERCISED OR TERMINATED