Acreage Holdings, Inc. (ACRG.A) [Rocket]

Overview

Acreage Holdings, Inc. (ACRG.A)

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Recent News + Filings (All items)

Date Filed	Type	Description
10/06/2023	144	Form 144 - Report of proposed sale of securities:
08/25/2023	S-8	Form S-8 - Securities to be offered to employees in employee benefit plans:
08/10/2023	8-K	Resignation/termination of a director
08/09/2023	10-Q	Quarterly Report for the period ended June 30, 2023
07/27/2023	4	Sheahan Corey J. (General Counsel) has filed a Form 4 on Acreage Holdings, Inc.
07/27/2023	4	Nesbitt Carl B (CFO) has filed a Form 4 on Acreage Holdings, Inc.
07/27/2023	4	Curran Dennis (COO) has filed a Form 4 on Acreage Holdings, Inc.

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17
Revenues	237.1	188.9	114.5	74.1	21.1	7.7
Revenue growth	25.6%	64.9%	54.6%	250.8%	172.8%
Cost of goods sold	135.4	93.0	65.4	43.7	11.7	4.3
Gross profit	101.7	95.9	49.2	30.4	9.4	3.4
Gross margin	42.9%	50.8%	42.9%	41.1%	44.6%	44.4%
Sales and marketing	3.2	1.6	1.8	5.0	1.6	0.2
General and administrative	38.2	32.0	50.5	56.2	18.6	4.6
EBITA	-141.0	-47.6	-336.5	-172.7	-38.0	-7.0
EBITA margin	-59.4%	-25.2%	-293.7%	-233.0%	-179.9%	-91.0%
Amortization of intangibles	1.6	7.8	2.8	5.3	3.1
EBIT	-142.6	-55.3	-339.3	-178.0	-41.1	-7.0
EBIT margin	-60.1%	-29.3%	-296.2%	-240.2%	-194.7%	-91.0%
Pre-tax income	-158.7	-55.4	-377.4	-190.2	-30.7	-8.6
Income taxes	10.0	17.8	-17.2	5.0	1.5	1.0
Tax rate			4.6%
Net income	-139.9	-63.0	-286.6	-150.3	-27.5	-8.5
Net margin	-59.0%	-33.4%	-250.2%	-202.8%	-130.1%	-110.3%

Diluted EPS	($1.28)	($0.60)	($2.92)	($1.74)	($0.41)	($0.19)
Shares outstanding (diluted)	109.7	105.1	98.0	86.2	66.7	45.1

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.