 Hey guys, how you doing? This is Rich from Rich TV Live. Happy Saturday to you I have some huge news here that I have to bring to your attention Acreage Holdings enters Florida Medical Cannabis Market with a 67 million dollar acquisition This news came out after the market closed on Friday and Acreage Holding is an absolute beast Acreage Holdings Inc. on the Canadian Securities Exchange Acreage.u announced it has closed the acquisition of Florida based Nature's Way Nursery of Miami, Inc Otherwise known as Nature's Way Nature's Way was awarded a vertically integrated operating license last summer and will operate the business as Green Owl Farms The name under which it was awarded the operating license The previously disclosed transaction paves the way for Acreage to bring cannabis products to Florida residents throughout the state as of December 2018 there were more than 209,000 total cannabis patients in Florida According to the Florida Department of Health Office of Medical Marijuana use now This is huge news and Acreage has been on fire. Okay, I want to mark this on December 20th, they hit a low the low low forever for them trading of $12 yesterday they hit a ridiculous number of We'll put a cup here We'll just put it right here $22 representing a massive Explosion of I don't know about 80% growth in about 10 trading days. This is Special this is a special company the combination of policy and demographics in Florida make it one of the largest growth cannabis markets in the United States and We could not be more pleased to close this deal with the fourth largest population in the United States Florida is expected to quickly become the fifth largest cannabis market with an estimated 1.1 billion in retail cannabis sales by 2022 according to Arcview market research Kevin Murphy founder chairman and chief executive officer of Acreage the terms of the transaction Acreage paid the shareholders of natures way 67 million plus assumption of certain transaction Expenses of the sellers with 63 million payable in cash Of which 10 million had previously been escrowed in November at the time the party signed the definitive transaction agreement The remaining 4 million in consideration will be paid in units of a subsidiary of acreage High street capital partners LLC The units are exchangeable for subordinate voting shares of acreage at the election of the holder natures way holds a vertically integrated operating license to operate a cultivation and processing facility As well as up to 30 medical cannabis dispensaries. That's right 30 medical cannabis dispensaries which acreage anticipates will carry the botanist retail Banner and soon to launch cannabis products acreage anticipates It will invest significant financial capital throughout florida to build out its cultivation and retail operations About acreage holdings headquartered in new york city acreage is the largest vertically integrated multi-state owner of cannabis licenses and assets in the united states With respect to the number of states in which it is licensed to operate with operating licenses in 19 states Acreage serves a population of more than 172 million americans and is estimated 2022 total addressable market of approximately 14 billion in legal cannabis sales according to arcfew market research Acreage is dedicated to building and scaling operations to create a seamless consumer focus branded cannabis experience wow Absolutely love this company. Remember rich tv live is strictly for education entertainment purposes Always do your due diligence always do your research before you invest in anything that we talk about here in rich tv live You can find all the breaking news that we're talking about stocks CBDs cryptocurrencies sports, and if you want to contact your boy you want to follow your boy you want to Join our community just hover over stocks and find all the breaking news and details and Contact details you need right here in rich tv live and what do you think about this news? Love this company. They had a huge explosion this week Will it continue comment down below smash that like button share the video everywhere if I win and you win We all win. It's true acreage holdings enters the florida medical cannabis market with a 67 million Acquisition it's true Hull out your boy if you're not winning you're not watching I'll vote peace