Streetbeat News

ACRHF

Acreage Holdings Inc

http://investors.acreageholdings.com

CEO

Kevin Murphy

Employees

1,090

Industry

Medicinal and Botanical Manufacturing

Open

0.00

Mkt cap

4.9M

Volume

199K

High

0.00

P/E Ratio

-0.00

52-wk high

0.70

Low

0.00

Div yield

N/A

52-wk low

0.00

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

Cresco Labs (OTC:CRLBF) is highlighted as a top multi-state operator (MSO) in the cannabis industry with strong financial performance and significant growth potential, especially if states like Ohio, Pennsylvania, and Florida legalize recreational cannabis. The company has shown substantial improvement in its financial metrics and is trading at an attractive valuation compared to peers.

Portfolio Pulse from Nicolás Jose Rodriguez

June 13, 2024 | 1:37 am

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

Canopy Growth Corporation (NASDAQ:CGC) announced an at-the-market (ATM) equity program to issue and sell up to $250 million worth of its common shares. The program aims to enhance financial flexibility and support strategic initiatives. Despite the positive financial outlook and significant debt reduction, Canopy's stock traded down following the announcement. The company plans to use the proceeds to support existing businesses, fund potential acquisitions, and for general corporate purposes. Additionally, Canopy is advancing its U.S. operations by acquiring Acreage Holdings, Inc. (OTC:ACRHF).

Portfolio Pulse from Javier Hasse

June 07, 2024 | 6:37 pm

Canopy Growth Corporation (NASDAQ:CGC) has announced a $250 million at-the-market equity program to issue and sell common shares. The proceeds will support existing businesses, potential acquisitions, and general corporate purposes. The announcement follows Canopy's move to acquire Acreage Holdings.

Portfolio Pulse from Jelena Martinovic

June 06, 2024 | 1:58 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

Archer Aviation's ticker symbol is corrected to 'ACHR'.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 1:06 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

Ispire Technology (NASDAQ:ISPR) reported a $5.9 million net loss for the third fiscal quarter, despite a 24% increase in revenue to $30 million. The company is focusing on new partnerships, including a joint venture with Berify and Chemular and a partnership with a subsidiary of Acreage Holdings (OTCQX:ACRHF), to drive future profitability. Gross profit increased by 35% to $6.1 million, but total operating expenses rose by 63.7% to $11.8 million.

Portfolio Pulse from Maureen Meehan

May 14, 2024 | 11:09 pm

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