Streetbeat News

ACRHF

Acreage Holdings Inc

http://investors.acreageholdings.com

CEO

Kevin Murphy

Employees

1,090

Industry

Medicinal and Botanical Manufacturing

Open

0.12

Mkt cap

12M

Volume

9.7K

High

0.13

P/E Ratio

-0.17

52-wk high

0.70

Low

0.12

Div yield

N/A

52-wk low

0.11

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.

Portfolio Pulse from

November 14, 2024 | 11:30 pm

Canopy Growth Corporation has expanded its U.S. presence by acquiring Wana, a top edibles brand, through its subsidiary Canopy USA. This acquisition, along with a majority stake in Jetty, positions Canopy USA for growth in the U.S. cannabis market. The strategy focuses on brand expansion and leveraging partnerships rather than heavy investment in cultivation.

Portfolio Pulse from Jelena Martinovic

October 09, 2024 | 1:42 pm

Canopy Growth Corp. (NASDAQ:CGC) is focusing on a 'brand-first' strategy through its Canopy USA entity, which includes brands like Wana and Jetty. Analyst Pablo Zuanic suggests this positions Canopy for growth, especially with potential federal regulatory changes. Canopy's asset-light approach contrasts with Canadian peers like Tilray and Aurora, focusing on brand expansion rather than cultivation.

Portfolio Pulse from Nicolás Jose Rodriguez

October 08, 2024 | 2:38 pm

Ispire Technology Inc. (NASDAQ:ISPR) reported a 31% year-over-year increase in revenue for fiscal year 2024, reaching $151.9 million. Despite the revenue growth, the company faced a net loss of $14.8 million. Ispire is focusing on strategic partnerships and technological advancements to drive future growth, particularly in the cannabis vaping sector.

Portfolio Pulse from Jelena Martinovic

September 26, 2024 | 2:56 pm

Ohio's adult-use cannabis market has seen strong demand, with sales reaching $44 million. Companies like Trulieve and Locals Cannabis report sustained customer interest. Several multi-state operators are expanding in Ohio, while lawmakers consider road safety measures.

Portfolio Pulse from Patricio Liddle

September 05, 2024 | 9:57 pm

Rapper Afroman celebrated the legalization of recreational marijuana in Ohio, claiming credit for the achievement. The new law allows sales at over 100 medical marijuana shops, including those owned by Verano Holdings, Trulieve, Curaleaf Holdings, Acreage Holdings, and Green Thumb Industries.

Portfolio Pulse from Maureen Meehan

August 28, 2024 | 6:02 pm

Ohio's marijuana market has seen a significant surge in sales since the legalization of recreational cannabis on August 6, 2023. In the first 12 days, sales reached $38.5 million, with a notable increase in daily sales averages. Multi-state operators like Verano Holdings, Trulieve Cannabis, Curaleaf Holdings, Acreage Holdings, and Green Thumb Industries are benefiting from this growth.

Portfolio Pulse from Maureen Meehan

August 21, 2024 | 6:31 pm

Acreage Holdings reported a 33% year-over-year revenue decline for Q2 2024, citing liquidity constraints. Despite a net loss of $24.1 million, the company is focusing on strategic growth in Ohio and other key states. Acreage is also advancing its acquisition by Canopy USA, expected to close in the first half of 2025.

Portfolio Pulse from Patricio Liddle

August 15, 2024 | 2:52 pm

As Ohio begins recreational cannabis sales on August 6, Pablo Zuanic of Zuanic & Associates has initiated coverage of Vext Science (OTC:VEXTF) with an Overweight rating, citing significant growth potential. Zuanic projects Vext's EBITDA could grow six-fold by CY26. The Ohio market is expected to reach $2.36 billion by 2026. Despite trading in line with the MSO average, Vext's stock valuation does not yet reflect the expected EBITDA ramp. Other MSOs mentioned include Acreage (OTCQX:ACRHF), Cannabist (CSE:CCHW), Ascend (OTC:AAWH), Cresco (OTC:CRLBF), Green Thumb (OTCQX:GTBIF), and MariMed (OTCQB:MRMD).

Portfolio Pulse from Nicolás Jose Rodriguez

August 05, 2024 | 11:52 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

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