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Shares of Acreage Holdings (OTC:ACRGF) rose 23.7% after the company reported Q1 results. Quarterly Results Earnings per share rose 180% year over year to $0.16, which beat the estimate of ($0.25). Revenue of
Quarterly Results
Earnings per share rose 180% year over year to $0.16, which beat the estimate of ($0.25).
Revenue of $37,607,000 rose by 191.59% year over year, which missed the estimate of $45,150,000.
Outlook
Earnings guidance hasn't been issued by the company for now.
Price Action
Company's 52-week high was at $4.08
Company's 52-week low was at $1.53
Price action over last quarter: down 35.16%
Company Profile
Acreage Holdings Inc is a vertically integrated, multi-state operator in the cannabis industry. Its business operations include cultivating, processing, distributing and retailing cannabis. The Company derives its revenues from its retail dispensary business where cannabis and cannabis-infused products are sold to consumers. Its geographic segments include New England, Mid-Atlantic, Midwest, West and South.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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