Acreage’s Q1 Revenue Slips 19% YoY But CEO Foresees ‘Significant Growth Opportunities’ As Canopy Growth Strategy Moves Forward
Multi-state cannabis operator Acreage Holdings, Inc. (CSE:ACRG, ACRG.B.U)) (OTCQX:ACRHF, ACRDF)), reported its financial results on Friday for the first quarter ended March 31, 2024.
“In the first quarter, we diligently focused on cash preservation, implementing cost-saving measures, and honing our business strategy,” said CEO Dennis Curran. “Our Northeastern footprint was a focal point with our entry into the New York adult-use wholesale market and the conversion of our third dispensary in Connecticut to a hybrid model serving both patients and consumers.”
Acreage is on the verge of entering into Canopy Growth Corporation’s (TSX:WEED) (NASDAQ:CGC) USA ecosystem, he continued. Canopy USA holds the Company’s U.S. cannabis investments, which will enable it …