Defendant Name: Acreage Holdings, Inc.

Defendant Type: Subsidiary of Public Company

Document Reference: 34-102141-s

Document Details

Legal Case Name In the Matter of Acreage Holdings, Inc.
Document Name SEC Charges Acreage Holdings, Inc. For Accounting Violations
Document Date 10-Jan-2025
Document Format Administrative Proceeding
File Number 3-22389
Allegation Type Issuer Reporting and Disclosure
Document Summary On January 10, 2025, the SEC "announced settled charges against Acreage Holdings, Inc. for violating the books and records provision of the federal securities laws when it created false records regarding a transfer of approximately $4 million that was temporarily moved into the company’s bank account a few days before the end of Acreage’s 2019 fiscal year."

Disgorgement & Penalty Information

Resolutions
Cease and Desist Order
Monetary Penalties:

Civil Penalty

Individual:     $225,000.00 Shared:    

Related Documents:

34-102141 10-Jan-2025 Administrative Proceeding
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
On January 10, 2025, the SEC instituted settled cease-and-desist proceedings against Acreage Holdings, Inc., stating: "These proceedings arise out of Acreage’s failure to make and keep books, records, and accounts in the manner required by Section 13(b)(2)(A) of the Exchange Act. In late December 2019 and early January 2020, Acreage engaged in a round-trip transfer of cash with an affiliated but unconsolidated entity (“Entity A”) that temporarily inflated Acreage’s year-end 2019 cash balance on its internal accounting records."

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SEC v. Glen Leibowitz
Glen Leibowitz