Acreage Reports Third Quarter 2024 Financial Results
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Acreage Holdings reported its Q3 2024 financial results, highlighting the launch of non-medical sales in Ohio, which contributed 38% to state-level revenue. The company secured an $8 million capital infusion and anticipates the Canopy USA acquisition to close by mid-2025.
November 14, 2024 | 11:30 pm
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Acreage Holdings reported Q3 2024 results with $39.6M in revenue, driven by Ohio non-medical sales. The company secured $8M in capital and expects the Canopy USA acquisition to close by mid-2025.
The launch of non-medical sales in Ohio significantly contributed to revenue, indicating strong market potential. The $8M capital infusion provides financial stability and growth potential. The anticipated acquisition by Canopy USA could further enhance Acreage's market position.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100