Cannabis company Acreage Holdings Inc. (CSE: ACRG.U) ACRGF 1.93% has finalized the $10 million purchase of New Jersey's Compassionate Care Foundation Inc. (CCF).
Under the agreement, which was initially announced in November, Acreage opted to buy 100% of the equity interests in CCF.
The New York-based company announced Monday that it would consolidate all of CCF's financials, including debts, liabilities, and obligations.
In November, Acreage's CEO Kevin Murphy stated he is "thrilled to finally welcome CCF into the Acreage family."
The reorganization would also expand access to medical cannabis for New Jersey's patients, Murphy explained.