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Why A National Cannabis Organization Sacked Half Its Staff, CEO Turnovers And More Exec Changes
Monday, June 5, 2023 - 9:47am | 1230NCIA Sacks Half Of Its Team To Increase Financial Strength The National Cannabis Industry Association sacked nearly half of its workforce as part of a cost-reduction initiative in an effort to remain financially sound in 2023, reported Green Market Report. The organization...
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Acreage Q1 Revenue Declines 1.6% YoY, What About Adjusted EBITDA?
Tuesday, May 23, 2023 - 7:51am | 566Acreage Holdings, Inc. (OTCQX: ACRHF) (OTCQX: ACRDF) (CSE:ACRG.A.U) (CSE:ACRG.B.U) released its financial results for the first quarter ended March 31, 2023, revealing total revenue of $56.0 million, a decrease of 1.6% compared to $56.9 million in the Q1 2022 and a decrease of 2.6% compared to $57....
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Acreage Further Expands Adult-Use Cannabis Retail Operations In Connecticut
Thursday, May 4, 2023 - 8:52am | 441Acreage Holdings, Inc. (OTCQX: ACRHF) (OTCQX: ACRDF) (CSE:ACRG.A.U) (CSE:ACRG.B.U) launched adult-use cannabis operations at The Botanist dispensary in Danbury, Connecticut, located at 105 Mill Plain Road. “Following the successful launch of adult-use sales at The Botanist in Montville in...
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Acreage FY22 Revenue Grows 26% To $237.1M
Tuesday, May 2, 2023 - 10:57am | 452Acreage Holdings, Inc. (OTCQX: ACRHF) (OTCQX: ACRDF)(CSE:ACRG.A.U) (CSE:ACRG.B.U), FY 2022 revenue was $237.1 million, an increase of 26% compared to $188.9 million in 2021. Full Year 2022 Financial Highlights Gross profit was $101.7 million or 42.9% of revenue, compared to $95.9 million or 50.7...
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EXCLUSIVE: Experience THC Effects In 15 Minutes Or Less With New Fast-Acting Gummies From The Botanist
Tuesday, January 31, 2023 - 7:30am | 366Acreage Holdings, Inc. (OTC: ACRDF) is launching new "Fast-Acting Gummies" or "TiME Gummies" under its flagship brand, The Botanist. The Botanist Fast-Acting Gummies are both vegan and gluten-free while aiming to deliver potential effects in approximately 5-15 minutes. ...
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Acreage Holdings Q3 Financial Results, A "Highly Attractive Positioning"
Monday, November 7, 2022 - 7:28pm | 1364Acreage Holdings, Inc.(CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRHF, ACRDF), reported its financial results late Monday for the third quarter ended September 30, 2022 (“Q3 2022”). Third Quarter 2022 Financial Highlights According to the company’s financial results, “...
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Acreage Shares Slightly Up On Securing Up To An Additional $50M In Its Credit Facility And Deal With Canopy
Tuesday, October 25, 2022 - 10:11am | 671AFC Gamma, Inc. (NASDAQ: AFCG) has amended its previously announced $150 million credit facility with Acreage Holdings, Inc. (OTCQX: ACRHF) (OTCQX: ACRDF) (CSE:ACRG.A.U) (CSE:ACRG.B.U) Under the terms of the amended credit facility, an additional $25 million is now available for immediate draw by...
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Acreage Q2 Revenue Grows 39% YoY, Here Are The Details
Tuesday, August 9, 2022 - 10:20am | 644Acreage Holdings, Inc. (OTCQX: ACRHF) (OTCQX: ACRDF) (CSE:ACRG.A.U) (CSE:ACRG.B.U) released its financial results for the second quarter ended June 30, 2022, revealing revenue of $61.4 million, an increase of $17.1 million or 39% compared to Q2 2021. Q2 2022 Financial Highlights Gross margin of...
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Acreage Concludes Operations In State Of Oregon, Closes Sale Of Retail Chain Cannabliss & Co.
Tuesday, July 5, 2022 - 7:51am | 471Acreage Holdings, Inc. (OTCQX: ACRHF) (OTCQX: ACRDF) (CSE:ACRG.A.U) (CSE:ACRG.B.U), has executed and closed an amendment to its previously announced asset purchase and services agreement with Chalice Brands Ltd. (CSE:CHAL) (OTCQB: CHALF), completing the sale of the company’s four Oregon...
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Acreage Holdings Is An Arbitrage Play, This Analyst Explains Why
Thursday, May 19, 2022 - 2:32pm | 429Acreage Holdings, Inc (OTC: ACRDF) recently posted its financial results for the first quarter ended March 31, 2022. CEO Peter Caldini said the company “achieved our fifth consecutive quarter of positive Adjusted EBITDA and sequentially improved our gross margin while continuing to grow...
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Acreage To Launch Social Equity Partnership In Connecticut With Kebra Smith-Bolden
Tuesday, May 17, 2022 - 2:28pm | 523Acreage Holdings, Inc. (OTCQX: ACRHF) (OTCQX: ACRDF) (CSE:ACRG.A.U) (CSE:ACRG.B.U) will launch a social equity partnership with Kebra Smith-Bolden. Once approved by the state’s Social Equity Council, Acreage will support Smith-Bolden’s retail and cultivation operations in the Greater...
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Acreage Reports Fifth Quarter Of Positive Adjusted EBITDA, Wider Net Loss In Q1
Friday, May 6, 2022 - 7:39am | 506Vertically integrated cannabis company Acreage Holdings, Inc. (OTCQX: ACRDF) reported its financial results for the first quarter ended March 31, 2022. “We achieved our fifth consecutive quarter of positive Adjusted EBITDA and sequentially improved our gross margin, while continuing to grow...
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Acreage Sells Cannabis Facility In Oregon, Makes Changes To Dispensaries, Here Are The Details
Tuesday, May 3, 2022 - 8:14am | 221Acreage Holdings, Inc. (OTCQX: ACRHF) (OTCQX: ACRDF) (CSE:ACRG.A.U) (CSE:ACRG.B.U) has completed the sale of its cultivation and processing facility in Medford, Oregon, and in conjunction with the sale, closed its dispensary in Powell, Oregon. Total consideration for the sale of the Medford...
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Curaleaf, Columbia Care, TerrAscend And Others Ready To Roll In New Jersey
Thursday, April 21, 2022 - 2:53pm | 1356New Jersey legal recreational cannabis sales finally started. Now, the question is: Who will celebrate more? Consumers or marijuana operators? It looks like it’s a tie, considering that it has been some 17 months and multiple setbacks since New Jerseyans decided to...
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EXCLUSIVE: Acreage Appoints Legal Expert & Former Ascend Wellness Exec As General Counsel
Monday, April 18, 2022 - 11:14am | 502Acreage Holdings, Inc. (CSE:ACRG) (OTCQX: ACRDF) has appointed Corey Sheahan to serve as the company's general counsel. He will replace Jim Doherty, who previously announced his departure from the New York-based company after a successful four-year tenure. Sheahan returns to Acreage after an 18...