Acreage Holdings Adds Healthcare Expertise to Board of Directors with Addition of William Van Faasen

NEW YORK, Nov. 13, 2018 /PRNewswire/ -- Acreage Holdings ("Acreage"), the United States' largest vertically integrated, multi-state cannabis operator with respect to number of states with operations, announced the planned appointment of a new member to the Board of Directors.  Upon the closing of its previously announced reverse takeover of Applied Inventions Management Corp., William (Bill) Van Faasen, Chair Emeritus of Blue Cross and Blue Shield of Massachusetts, Inc. will become a member of the board of directors of Acreage Holdings, Inc.  Mr. Van Faasen brings deep experience in healthcare policy and business to Acreage.

Mr. Van Faasen was elected Chair of the Board of Directors of Blue Cross and Blue Shield of Massachusetts, Inc. for the second time in 2010, retiring from the position in 2014 when he was named Chair Emeritus. He joined that organization in 1990 as Executive Vice President and Chief Operating Officer. Prior, he was Senior Vice President of Operational Services at Blue Cross and Blue Shield of Michigan, where he served in various operational, marketing, and health care capacities over a 20-year period.

"One of our primary missions is to bring affordable medical cannabis to those who need it, but cannot afford it because insurance does not reimburse patients for it," said Kevin Murphy, Chairman, Founder, and Chief Executive Officer of Acreage Holdings. "Bill brings tremendous knowledge on insurance industry regulations and government policy, which we envision will lead to health care insurance reimbursements for those that need it in the future."

ABOUT ACREAGE HOLDINGS

Headquartered in New York City, Acreage is a vertically-integrated, multi-state owner of cannabis licenses and assets in states where either medical and/or adult use of cannabis is legal. With one of the largest footprints of any cannabis company in the U.S., the company currently owns and/or operates cultivation, processing and dispensary operations. Acreage is dedicated to building and scaling operations to create a seamless, consumer-focused branded cannabis experience.

SOURCE Acreage Holdings

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