High Street Capital Is Now Acreage Holdings

New York-based High Street Capital has changed its name to Acreage Holdings and has pivoted from passive cannabis investing to a company that actively owns and manages medical marijuana facilities. The company plans on pursuing an initial public offering.

It’s one of the few multi-state cannabis companies that many have never heard of. It was founded in 2014 by Kevin Murphy and was one of the first platforms to invest systematically in the cannabis space.

Over the past four years, Acreage Holdings has won state-awarded licenses, recruited operators and provided growth capital to local businesses across 11 different states. Murphy recognized the massive opportunity and scale offered by the creation of a cohesive multi-state platform and late last year the company voted to aggressively pursue a strategic roll-up of its portfolio assets.

“The traditional benefits of scale for any business are dramatically amplified in the nascent world of cannabis,” said Kevin Murphy, CEO. “The difference between ‘good’ and ‘excellent’ execution is unusually large and we plan to take advantage of that by creating a template for excellence and delivering it systematically.” Acreage has nearly completed execution of its plan to fully control and manage the operations of all its assets across the country.

The operations of Acreage Holdings include three of the fundamental components of the cannabis value chain: cultivation, processing, and retail dispensaries. “Our goal is to be vertically integrated in all of the states in which we operate,” added Mr. Murphy. “That way we can ensure that the highest quality product gets delivered in a timely, efficient and reliable way for thousands of patients and customers across the country.”

Within the 11 states that Acreage Holdings currently operates, cannabis is expected to represent $9 Billion of retail revenue by 2020. Acreage Holdings is keenly focused on expanding its footprint and continuing acquisitions, with aspirations to become the dominant national platform in the space.  The company recently attended the ICR Conference in January in a heavily attended presentation.

Debra Borchardt

Debra BorchardtDebra Borchardt

Debra Borchardt is the CEO, Co-Founder, and Editor-In-Chief of GMR. She has covered the cannabis industry for several years at Forbes, Seeking Alpha and TheStreet. Prior to becoming a financial journalist, Debra was a Vice President at Bear Stearns where she held a Series 7 and Registered Investment Advisor license. Debra has a Masters degree in Business Journalism from New York University.


53 comments

  • JOSEPH WTTHE

    April 11, 2018 at 3:12 pm

    WHAT IS THE STOCK SYMBOL FOR YOUR COMPANYY?

    Reply

    • Debra Borchardt
      Debra Borchardt

      April 12, 2018 at 6:31 am

      Acreage Holdings has not gone public yet. It is still a private company.

      Reply

      • Greg Tankersley

        April 25, 2018 at 4:10 pm

        With John Boehner joining the BOD of Acreage Holdings, they obviously have big plans for the future. Do you anticipate they will go public in the near future? Please advise!

        Reply

        • Debra Borchardt
          Debra Borchardt

          April 25, 2018 at 5:29 pm

          The company expects to go public later this year. There is a lot of work to be done prior to filing like audits, etc.

          Reply

  • Robert Carey

    April 12, 2018 at 10:49 am

    Congratulations! The future is bright as the sun!

    Reply

  • Jo

    April 12, 2018 at 11:23 am

    Can I buy stock in your company now? If so, how?
    IF and when you have an IPO, can you put me on your list to advise?
    Thank you for responding. Jo Sauza

    Reply

    • Debra Borchardt
      Debra Borchardt

      April 12, 2018 at 1:21 pm

      Acreage Holdings is planning on going public this year, but nothing has been filed as of yet. You can sign up for the Green Market Report newsletter and we will definitely keep readers up to date on this news.

      Reply

      • Dave

        May 18, 2018 at 3:42 pm

        Please advise on timing of IPO as specific as possible as in month, date as time goes on

        Reply

        • Debra Borchardt
          Debra Borchardt

          May 21, 2018 at 1:44 pm

          We will definitely keep you informed as we learn more.

          Reply

  • john greene

    April 13, 2018 at 7:24 pm

    interested in news letter and stock when you go public

    Reply

    • Debra Borchardt
      Debra Borchardt

      April 15, 2018 at 2:58 pm

      You will see a button at the very bottom of the home page (near the right side) to subscribe to the newsletter!

      Reply

      • Jimmy Smith

        April 23, 2018 at 10:02 am

        Signed up for the newsletter! Seems the industry is about to boom even further!

        Reply

  • adriene josephson

    April 14, 2018 at 9:43 am

    impresed…pls keep informed

    Reply

  • Dianna

    April 15, 2018 at 8:52 am

    I would like to sign up for the Green Market Report news letter.

    Reply

    • Debra Borchardt
      Debra Borchardt

      April 15, 2018 at 2:58 pm

      You will see a button at the very bottom of the home page (near the right side) to subscribe to the newsletter!

      Reply

  • John S

    April 17, 2018 at 12:20 pm

    what weed mutual funds would you recommend? thx

    Reply

    • Debra Borchardt
      Debra Borchardt

      April 17, 2018 at 3:50 pm

      At this time, I think the Horizons ETF’s are the best choice.

      Reply

      • John S

        April 19, 2018 at 10:35 am

        Thanks!

        Reply

  • Greg

    April 19, 2018 at 6:09 pm

    Do you know when it will go public this year?

    Reply

      • Terrie Morelock

        April 20, 2018 at 2:45 pm

        How much does your newsletter cost?

        Reply

          • Stephanie Abatisti

            May 4, 2018 at 4:45 pm

            I would like to review your news letters and I’m interested in acreage holdings when they become a public trading company. Thanks Debra!

          • Debra Borchardt
            Debra Borchardt

            May 6, 2018 at 4:07 pm

            Hi Stephanie,

            Did you submit your information at the bottom of our website to join the newsletter?

  • Arnold Fiergang

    April 21, 2018 at 10:43 am

    Good article. Very Timely. This is a needed and appreciated publication

    Reply

  • john thomas

    April 23, 2018 at 8:51 am

    just interested it just night be a big deal

    Reply

  • RICHARD RUTHERFORD

    May 4, 2018 at 1:24 pm

    I WOULD LIKE YOUR NEWS/LETTER;

    Reply

  • Kelly O'Donnell

    May 12, 2018 at 11:43 pm

    This is my last shot .Been very sick my Bride hung in there..When. Are you going this year.& What’s a Good Hemp stock that is a penny stock..Thank you..

    Reply

  • Raymond J Dionisio

    May 15, 2018 at 2:39 pm

    Good morning Miss Borchardt,
    I live in New York, and have held on to penny stocks in cannabis for ten years!
    I hold apx, 1.8 million shares in 12 different Co’s….
    I an interested in your Co.s IPO and when?
    Also, Is this the company that our former speaker, John Boehner is now associated with?…..Thank You… Ray D.
    (Who knows, maybe I’ll finely be lucky I held on this stock this long)….!:)

    Reply

    • Debra Borchardt
      Debra Borchardt

      May 15, 2018 at 6:37 pm

      Yes, Acreage is the company that placed John Boehner on the board.

      Reply

    • C_Starinaz87

      May 28, 2018 at 2:36 am

      Raymond J Dionisio, I have been researching cannabis companies to invest in for awhile now. Would you be so kind as to share some of your knowledge of the companies that I should invest in? Penny stocks… I am trying to invest now to secure funds for my dad’s pancreatic cancer medical bills and treatments. We have found a facility that will prolong his life and improve the quality of his life, but it is very expensive as you can imagine… Any advice would be much appreciated, thank you sir and God bless 🙂

      Reply

    • Chris Star

      May 28, 2018 at 2:37 am

      Raymond J Dionisio, I have been researching cannabis companies to invest in for awhile now. Would you be so kind as to share some of your knowledge of the companies that I should invest in? Penny stocks… I am trying to invest now to secure funds for my dad’s pancreatic cancer medical bills and treatments. We have found a facility that will prolong his life and improve the quality of his life, but it is very expensive as you can imagine… Any advice would be much appreciated, thank you sir and God bless 🙂

      Reply

  • C_Star_in_AZ_88

    May 28, 2018 at 2:32 am

    @ Raymond J. Dionisio – I have been researching different marijuana companies to invest my money into for awhile now.. Would you be so kind in giving me some recommendations for the companies that you have invested in? Penny stocks… I’m trying to invest now so I can secure funds for my father’s pancreatic cancer medical bills/treatments. I have found a facility that has a high probability of curing him/prolonging his life and quality of life, but it is very expensive as you can imagine… Any advise would be much appreciated and God bless 😊

    Reply

    • Debra Borchardt
      Debra Borchardt

      May 29, 2018 at 8:24 am

      Hi Raymond, Take a look at the Green Market Report Index. It gives a great list of cannabis companies.

      Reply

  • Mark Coffey

    June 4, 2018 at 11:38 am

    Hello, could you please let me know of when you go public. Thank you!

    Reply

      • William

        July 6, 2018 at 5:23 pm

        Is acreage holding planning on going public anytime soon?

        Reply

  • richard korecky jr.

    June 6, 2018 at 11:39 am

    Just signed up for the news letter. I am chompin at the bit with this ,company. Looking forward to being part of this exciting new industry.

    Reply

  • Donald Grant

    June 8, 2018 at 2:31 pm

    Hi,
    Thanks for the info and update. I await your IPO date.

    Regards

    Reply

  • Big D

    June 10, 2018 at 1:07 pm

    I’ve been investing in stocks for 20 years and I really appreciate someone else doing all the research and providing me the “cliff notes”. This industry is just moving too fast to read EVERYTHING…Thank you for doing all the leg work!

    Reply

  • Theresa Huey

    June 23, 2018 at 5:11 am

    I would love to know when you go public with your stock. Will you notify me?

    Reply

      • Sheila M

        June 25, 2018 at 7:46 pm

        High Street Capitol , MAIN is the stock symbol shows that it is now Acreage Holdings. Are you saying that is not correct?

        Reply

        • Debra Borchardt
          Debra Borchardt

          June 25, 2018 at 8:24 pm

          MAIN is the symbol for Main Street Capital. There is also a High Street Capital firm based in Illinois, but Acreage is not a publicly traded stock at this time.

          Reply

      • Jeff

        June 28, 2018 at 7:50 pm

        Going public on TSE, correct? My advisor can’t but cannabis stick internationally. How do I invest if it’s going public in Canada and not US, if my info is correct?

        Reply

        • Debra Borchardt
          Debra Borchardt

          June 28, 2018 at 9:00 pm

          There are a few internet brokers that will do Canadian trades.

          Reply

  • Lakecia Briggs

    June 23, 2018 at 10:35 am

    Interested in buying stock when it Acreage Holding goes public.

    Reply

  • Melvin Ehrenreich

    July 6, 2018 at 1:22 pm

    Please put me on your mailing list for the Green Market Report
    Newsletter. Thank you.
    Are the plans for the IPO to be in Toronto only, or will it also be on the NY Stock Exchange?

    Reply

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