Manatt advised a consortium of investors in connection with a $28 million secured financing of Acreage Holdings, Inc., a Canadian holdings company with a diverse portfolio of cannabis cultivation, processing and dispensing operations in the United States. The proceeds from the facility will be used to fund capital expenditures and for general corporate purposes.
The Manatt team included real estate transactions and finance leader Anita Famili; M&A and capital markets leader Thomas Poletti, real estate partners Timi Hallem and Andy Schultz; tax, employee benefits and executive compensation partner David Herbst; bankruptcy partner Ivan Kallick; and digital and technology partner Brian Kelly. Other team members included corporate and finance associates Jonathan Brecher and Veronica Lah; real estate associate Elizabeth Levin; land use associate Jennifer Lynch; and foreign and domestic legal specialist Charles Trucios.