|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||4.0800 - 4.3815|
|52 Week Range||3.8400 - 30.0000|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||15.30|
Acreage Holdings, Inc. (“Acreage”) (ACRG-U.CN) (ACRGF) (FSE:0ZV) announced that on November 15, certain of its subsidiaries and Compassionate Care Foundation, Inc. (“CCF”), a New Jersey vertically integrated cannabis nonprofit corporation, entered into a Reorganization Agreement, pursuant to which Acreage will acquire 100% of the equity interests in CCF, and subsequently consolidate their financials. With a population of approximately nine million, New Jersey is estimated to generate $317 million in legal medical cannabis sales by 2022, according to Arcview Market Research. “I’m thrilled to finally welcome CCF into the Acreage family,” said Kevin Murphy, Chairman and Chief Executive Officer of Acreage.
While some market analysts point to a blue wave being value destructive to the overall market, it could boost cannabis stocks, says CFRA's Garrett Nelson.
NEW YORK, Nov. 12, 2019 -- Acreage Holdings, Inc. (“Acreage”) (CSE: ACRG.U) (OTCQX: ACRGF) (FSE: 0VZ), one of the largest vertically integrated cannabis operators in the U.S.,.
With these new dispensary openings, Acreage now owns or has management services, consulting or other agreements (including pending acquisitions) for 28 dispensaries that are currently open in 11 states, including 11 The Botanist branded dispensaries. Headquartered in New York City, Acreage is one of the largest vertically integrated, multi-state operators of cannabis licenses and assets in the U.S., according to publicly available information. Acreage owns licenses to operate or has management or consulting services or other agreements in place with license holders to assist in operations in 20 states (including pending acquisitions) with a population of approximately 180 million Americans, and an estimated 2022 total addressable market of $16.7 billion in legal cannabis sales, according to Arcview Market Research.
Acreage Holdings, Inc. (“Acreage”) (ACRG-U.CN) (ACRGF) (0VZ.F) today announced it will participate in an institutional investor conference on November 13th. On Wednesday, November 13th, Acreage management will host investor meetings and participate in a cannabis industry panel discussion. Headquartered in New York City, Acreage is one of the largest vertically integrated, multi-state operators of cannabis licenses and assets in the U.S., according to publicly available information.
Acreage Holdings, Inc. (“Acreage Holdings” or “Acreage”) (ACRG-U.CN) (ACRGF) (0VZ.F) and GreenAcreage Real Estate Corp. (“GreenAcreage”), an independent real estate investment trust, today announced the closing of a series of sale-and-leaseback transactions for the sale of certain properties and facilities from Acreage Holdings to GreenAcreage for an aggregate of approximately $18 million to Acreage Holdings and approximately $23 million overall including payments to a third-party seller. The locations funded and closed today include facilities in Massachusetts, Florida and Pennsylvania. Acreage Holdings and GreenAcreage expect to close on additional facilities in Illinois and Connecticut within the next thirty days. Acreage Holdings is expected to undertake significant expansion at the properties sold and additional properties to be closed upon.
Acreage Holdings, Inc. (“Acreage”) (ACRG-U.CN) (ACRGF) (FSE:0ZV) will host a conference call on November 13, 2019 at 8:30 a.m. EST to discuss Acreage’s third quarter 2019 results, which will be released after market close on November 12, 2019. A webcast will be available and can be accessed via the Acreage’s Investor Relations website http://investors.acreageholdings.com. A playback of the call will be archived on Acreage’s website for approximately 30 days.
“We are thrilled to share the news that Greenleaf Apothecaries has resolved its dispute with the Ohio Board of Pharmacy in a way that allows Greenleaf to open its remaining three dispensaries in Cleveland, Columbus, and Akron, while maintaining its relationship with Acreage Holdings. Headquartered in New York City, Acreage is one of the largest vertically integrated, multi-state operators of cannabis licenses and assets in the U.S., according to publicly available information.
Acreage Holdings, Inc. (“Acreage”) (ACRG-U.CN) (ACRGF) (FSE:0ZV) today announced Kevin Murphy, Chairman and Chief Executive Officer of Acreage, executed an open market stock purchase for 100,000 shares through the OTCQX on October 8th. The transaction, valued at approximately $685,000, was executed on the OTCQX open market on Tuesday, October 8th, 2019. Combined with his open market stock purchase in July, the number of shares purchased on the open market by Mr. Murphy total 254,000. “While cannabis stocks remain in turmoil, I have never been more optimistic with respect to the future of Acreage,” said Murphy.
Colorado Congressman Ed Perlmutter called the House passing his marijuana banking bill an 'icebreaker' to more reforms despite criticism from progressives.
Acreage CEO Kevin Murphy says the House approving a landmark cannabis banking bill is a very 'big deal' for the marijuana industry.
Yesterday, the House passed the Secure and Fair Enforcement Banking Act, which aims to reduce cash transactions for legitimate marijuana businesses.
“This evening saw a milestone moment for our industry with the overwhelming and bipartisan passage of the SAFE Banking Act by the House of Representatives,” commented Kevin Murphy, Chairman and CEO of Acreage. As an industry leader, we have been advocating for the SAFE Banking Act to help deliver it to them.
The future of cannabis is looking less profitable, according to an analyst who initiated coverage on five Canadian pot producers and two U.S. multi-state operators on Friday.
Acreage Holdings, Inc. (“Acreage”) (ACRG-U.CN) (ACRGF) (0VZ.F) today announced its management team will attend two institutional investor conferences on October 3rd. On Thursday, October 3rd, Acreage management will host investor meetings and present at the conference.
The chief executives of Canopy Growth Corp. and Acreage Holdings Inc. are encouraged by growing support for cannabis reform in the United States, developments that could pave the way for Canopy becoming the largest player in the massive American market.
Members of the deal team at Canopy Rivers Inc. look at about seven investment opportunities per day, getting to know cannabis entrepreneurs eager for financial backing in a sector where the stigma of illegal drugs lingers.
Acreage Holdings, Inc. (“Acreage”) (ACRG-U.CN) (ACRGF) (0VZ.F) today announced its management team will attend three institutional investor conferences, a leading cannabis industry conference and a summit aligned with United Nations Assembly Week in September of 2019. On Wednesday, September 4, Acreage management will attend the Barclay’s Global Consumer Staples Conference and will co-host an open Q&A session with executives from Constellation Brands, Inc. and Canopy Growth Corporation. MJBizConINT’L in Toronto, Ontario on September 5, Kevin Murphy will be joined onstage by Mark Zekulin, CEO, Canopy Growth to discuss The Future of Hemp and Cannabis in the Age of Consolidation beginning at 10:15 a.m. (EDT) in Hall F at the Metro Toronto Convention Centre.
Despite mostly equal marijuana usage rates along racial lines, the boards at the top marijuana companies are still shockingly white.
Cannabis giant Canopy Growth Corp. reported a $1.28 billion net loss in its fiscal first quarter, a more than 1,300 per cent increase over the same period a year ago.