Acreage Holdings: Q2 Revenue $58.1M, Boasts Record Revenue In NJ And CT, Positive Adjusted EBITDA
Portfolio Pulse from Maureen Meehan
Acreage Holdings reported Q2 2023 financial results with consolidated revenue of $58.1 million, a 3.8% increase compared to Q1 2023. The company achieved record revenue in New Jersey and Connecticut with YoY increases of 35% and 31% respectively. Acreage also expanded its leadership team, streamlined its governance structure, and launched adult-use retail operations in Connecticut. The company is preparing for a strategic arrangement with Canopy Growth Corporation.
August 09, 2023 | 10:49 pm
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POSITIVE IMPACT
Acreage Holdings reported a 3.8% increase in Q2 2023 revenue and record revenue in New Jersey and Connecticut. The company is also preparing for a strategic arrangement with Canopy Growth Corporation.
The reported increase in revenue and record revenue in key markets indicates a positive financial performance for Acreage Holdings. The upcoming strategic arrangement with Canopy Growth Corporation could also potentially boost the company's growth and market position.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Canopy Growth Corporation is preparing for a strategic arrangement with Acreage Holdings, which reported a 3.8% increase in Q2 2023 revenue and record revenue in New Jersey and Connecticut.
The upcoming strategic arrangement with Acreage Holdings, which reported a positive financial performance, could potentially benefit Canopy Growth Corporation by expanding its market reach and boosting growth.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70