Acreage Holdings, Inc.
investors.acreageholdings.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q3 FY2024 10-Q, filed Nov 14, 2024. Its latest SEC filing is a EFFECT from Dec 12, 2024.
10-Q for Q3 FY2024, filed Nov 14, 2024
The sections below describe the company as of the FY2023 annual report.
What Did They Do?
Cultivated and processed cannabis, made branded consumer products, wholesaled cannabis flower and products, and operated dispensaries for medical patients and adult-use customers.
10-K for FY2023, filed Apr 30, 2024Acreage Holdings, Inc. (“Acreage”, “we”, “us”, “our” or the “Company”) is a vertically integrated, multi-state operator in the U.S.…View ↗
We aspire to be the best and most trusted organization in cannabis. as considered by our consumers and retail partners in all communities.…View ↗
Acreage operates licensed retail adult-use and medicinal cannabis dispensaries in seven states.View ↗
How Did They Make Money?
Customers paid a fixed price for cannabis products at the point of sale, and wholesale customers paid when products were delivered. Other cannabis companies paid fees for management services as Acreage provided them.
10-K for FY2023, filed Apr 30, 2024
$223.4M
-
10-K for FY2023, filed Apr 30, 2024
$223.4M ↗
Who Were Their Customers?
Medical patients and adult-use customers bought cannabis at Acreage’s dispensaries, while licensed dispensaries bought its branded products wholesale. Other cannabis companies also paid for management services.
10-K for FY2023, filed Apr 30, 2024Acreage Holdings, Inc. (“Acreage”, “we”, “us”, “our” or the “Company”) is a vertically integrated, multi-state operator in the U.S.…View ↗
We aspire to be the best and most trusted organization in cannabis. as considered by our consumers and retail partners in all communities.…View ↗
Acreage operates licensed retail adult-use and medicinal cannabis dispensaries in seven states.View ↗
Revenue from management contracts typically has one performance obligation and is recognized over-time as management services are provided.…View ↗
Did Revenues Turn Into Profits?
No. It lost $69.1M in FY2023.
10-K for FY2023, filed Apr 30, 2024
−$31.1MView ↗
10-K for FY2023, filed Apr 30, 2024
−$69.1MView ↗
10-K for FY2023, filed Apr 30, 2024
−$34.1MView ↗
How Were They Changing?
- Net income
-
Sources
10-Q for Q3 FY2024, filed Nov 15, 2024
−$19.5MView ↗
- ▲ +156% (Loss)
- vs −$7.6M in Q3 FY2023
-
Dec 9, 2024
Canopy USA acquired all of Acreage
Canopy USA acquired 100% of Acreage’s shares.
Sources
8-K, filed Dec 9, 2024
On December 9, 2024 (the “Closing Date”), Canopy USA, LLC (“Canopy USA”) completed its previously announced acquisition of Acreage…View ↗
Grew. Revenue grew 3.0x in 4 years, from $74.1M in FY2019 to $223.4M in FY2023, about 32% a year.
Loading...
