Welcome to our dedicated page for Acreage Holding news (Ticker: ACRHF), a resource for investors and traders seeking the latest updates and insights on Acreage Holding stock.
Acreage Holdings, Inc. (ACRHF) delivers vertically integrated cannabis operations across cultivation, processing, and retail markets. This news hub provides investors and industry observers with direct access to official corporate communications and market-moving developments.
Track verified updates including quarterly earnings disclosures, regulatory compliance milestones, retail network expansions, and product innovation announcements. Our curated feed ensures timely access to strategic partnerships, operational updates from key states like New Jersey and Illinois, and management commentary.
All content undergoes strict verification to meet financial reporting standards, offering reliable insights into this multi-state operator's performance. Bookmark this page for streamlined monitoring of ACRHF's progress in shaping cannabis accessibility through brands like The Botanist and Superflux.
Acreage Holdings, a U.S.-based cannabis cultivation and retailing company, released its Q1 2024 financial results. The company reported a consolidated revenue of $45.3 million, a year-over-year drop of 19% from Q1 2023. Gross margin was -3%, impacted by non-cash inventory adjustments; without these, the adjusted gross margin was 31%. The net loss for the quarter was $33.3 million, with an adjusted EBITDA of $2.0 million, down 81% from Q1 2023. Key operational highlights include the company's entry into New York's adult-use wholesale market, the launch of adult-use sales in Connecticut, and record-breaking production in New Jersey. Despite these operational successes, Acreage faced competitive pricing pressures and increased costs due to inflation.
Acreage Holdings, Inc. reported positive Q4 2023 results with $52.8 million in revenue and $4.3 million in Adjusted EBITDA. The company reduced operating expenses by 72% YoY and expanded its product offerings in several states. Canopy USA reorganization was approved, marking progress towards acquisition. Acreage's CEO highlighted strategic initiatives and expansion into new markets.
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