Streetbeat News

ACRDF

Acreage Holdings Inc

http://investors.acreageholdings.com

CEO

Kevin Murphy

Employees

1,090

Industry

Medicinal and Botanical Manufacturing

Open

0.12

Mkt cap

4.8M

Volume

51K

High

0.13

P/E Ratio

-0.14

52-wk high

0.68

Low

0.11

Div yield

N/A

52-wk low

0.03

The cannabis debt market is experiencing significant activity, with $632M in proceeds from recent transactions. Companies like TerrAscend, Jushi, AYR, PharmaCann, Cannabist, and Acreage are involved in refinancing existing debt. The market is accurately pricing credit risk, and demand exists across the credit quality spectrum.

Portfolio Pulse from Viridian Capital Advisors

September 16, 2024 | 2:55 pm

The cannabis sector is facing volatility, with the MSOS ETF dropping 15.24% due to a delay in cannabis rescheduling. Despite this, some penny stocks like Vext Science, C21 Investments, and iAnthus Capital Holdings show resilience. However, companies like TerrAscend, AYR Strategies, and MariMed face credit downgrades.

Portfolio Pulse from Nicolás Jose Rodriguez

August 29, 2024 | 9:17 pm

A recent report by Pablo Zuanic of Zuanic & Associates analyzes the debt maturities of over 20 multi-state operators (MSOs) in the U.S. cannabis industry. Ascend Wellness Holdings (OTC:AAWH) refinanced $200 million in debt, issuing $235 million in 5-year Senior Secured Notes at a 12.75% coupon rate. Other MSOs with significant debt include Schwazze (OTC:SHWZ), The Cannabist (OTC:CCHW), 4Front Ventures (OTC:FFNTF), Gold Flora (OTC:GRAMF), and Jushi Holdings (OTC:JUSHF). The report also highlights high income tax debt and leverage ratios for several companies, including StateHouse (OTC:STHZ) and Verano (OTC:VRNOF).

Portfolio Pulse from Nicolás Jose Rodriguez

August 02, 2024 | 3:17 pm

The article highlights recent key hires and board changes in the cannabis industry, including appointments at Canopy Growth Corporation, Acreage Holdings, Charlotte's Web Holdings, MyMD Pharmaceuticals, and board updates at TerrAscend Corp. and Nova Cannabis Inc. Wendy Berger steps down from Green Thumb Industries' board.

Portfolio Pulse from Jelena Martinovic

June 26, 2024 | 12:50 am

The Viridian Chart of the Week analyzes the relationship between financial strength and YTD stock performance of 30 MSO/SSOs. Group 1, consisting of the strongest companies, has shown significant gains, while weaker groups have underperformed. Investors are advised to focus on stronger companies like Verano, Trulieve, and Cresco, with potential targeted investments in lower strength companies with positive catalysts.

Portfolio Pulse from Viridian Capital Advisors

June 24, 2024 | 5:12 pm

Ispire Technology Inc. (NASDAQ: ISPR) CEO Michael Wang predicts that vaping will surpass cannabis flower sales within the next 2-3 years. Ispire has seen a 57% year-over-year increase in cannabis-related hardware sales, driven by innovation and strategic expansions. The company has also partnered with Acreage Holdings (OTCQX: ACRDF, ACRHF) and is pioneering regulatory compliance technology.

Portfolio Pulse from Patricio Liddle

June 12, 2024 | 1:16 pm

Acreage Holdings, Inc. is seeking $10 million in funding through a private placement of units, ahead of its acquisition by Canopy Growth Corporation. The units will include convertible notes and share purchase warrants. Canopy Growth has exercised its option to acquire all of Acreage's Class E subordinate voting shares and certain outstanding debt.

Portfolio Pulse from Jelena Martinovic

June 05, 2024 | 2:03 pm

Acreage Holdings reported a 19% YoY decline in Q1 revenue, but CEO Dennis Curran sees significant growth opportunities as the company integrates with Canopy Growth's USA ecosystem. Acreage is focusing on the New York adult-use market and Ohio's upcoming adult-use sales.

Portfolio Pulse from Jelena Martinovic

May 31, 2024 | 1:07 pm

Senior analyst Pablo Zuanic projects significant growth in Ohio's cannabis market as it transitions to adult-use recreational sales by July 2024. The market could grow fourfold within a year, reaching $2.3 billion. Publicly traded multi-state operators (MSOs) like Vext, Acreage, Cannabist, and Ascend are identified as having high potential for market cap gains.

Portfolio Pulse from Nicolás Jose Rodriguez

May 30, 2024 | 7:07 pm

The DEA has clarified that THCA must be included in THC concentration levels to comply with the legal definition of hemp, causing concerns within the hemp industry. This comes as Congress revisits cannabinoid regulations in the Farm Bill, with a key House committee passing an amendment to ban most hemp-derived cannabinoids like delta-8 THC. Major cannabis companies, including Curaleaf Holdings, have expressed opposition to these changes.

Portfolio Pulse from Patricio Liddle

May 28, 2024 | 8:26 pm

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