ACRGF - Acreage Holdings, Inc.

Other OTC - Other OTC Delayed Price. Currency in USD
22.51
+0.17 (+0.76%)
At close: 3:59PM EDT
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Previous Close22.34
Open26.00
Bid0.00 x 0
Ask0.00 x 0
Day's Range21.90 - 30.00
52 Week Range11.99 - 30.00
Volume1,152,786
Avg. Volume191,832
Market Cap2.614B
Beta (3Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Trade prices are not sourced from all markets
  • Corona and Canopy: A mix of beer and pot that could juice your stock portfolio
    MarketWatchyesterday

    Corona and Canopy: A mix of beer and pot that could juice your stock portfolio

    Constellation Brands is boosting its U.S. beer business while betting that marijuana products will deliver big sales.

  • Canopy Growth’s Acreage Acquisition Boosts Sentiment
    Market Realist3 days ago

    Canopy Growth’s Acreage Acquisition Boosts Sentiment

    Canopy Growth's Acreage Acquisition Boosts SentimentThe gains The cannabis sector appeared to show optimism after Canopy Growth (WEED)(CGC) announced that it would acquire Acreage Holdings (ACRGF), a US multi-state cannabis operator with

  • Canopy Growth Stock Jumps on Acreage Holdings Acquisition
    Market Realist3 days ago

    Canopy Growth Stock Jumps on Acreage Holdings Acquisition

    Canopy Growth to Acquire Acreage Holdings(Continued from Prior Part)Canopy Growth jumps Canopy Growth (WEED) (CGC) announced that it will acquire Acreage Holdings for a total value of $3.4 billion, which led the company’s stock price to jump on

  • MarketWatch3 days ago

    Canopy confirms $3.4 billion deal to buy Acreage, once cannabis becomes legal in the U.S.

    Canada-based Canopy Growth Corp. confirmed Thursday a deal for the right to buy New York-based Acreage Holdings Inc. in a deal that valued at $3.4 billion, when the production and sale cannabis becomes federally legal in the U.S. Canopy's stock soared 8.7% in premarket trade. MarketWatch had reported Wednesday, citing a source familiar with the negotiations, that the deal for the rights to buy Acreage was "98% done." Canopy said the purchase price represents a 41.7% premium over the 30-day volume-weighted average price of Acreage's subordinate voting shares. The deal includes a $150 million termination fee, payable by Acreage. "Today we announce a complex transaction with a simple objective," said Canopy Chief Executive Bruce Linton. "Our right to acquire Acreage secures our entrance strategy into the United States as soon as a federally-permissible pathway exists." Canopy's stock has run up 59.5% year to date through Wednesday and Acreage's stock has climbed 17.5%, while the ETFMG Alternative Harvest ETF has rallied 36.7% and the S&P 500 has gained 15.7%.

  • Canopy Growth isn’t buying Acreage Holdings, it’s buying the right to buy Acreage Holdings
    MarketWatch3 days ago

    Canopy Growth isn’t buying Acreage Holdings, it’s buying the right to buy Acreage Holdings

    Canopy Growth Corp. is not outright acquiring Acreage Holdings Inc., as reports said Wednesday, but it is preparing to pay billions for the rights to buy the U.S.-based pot company.

  • What Analysts Are Recommending for Planet 13 Holdings
    Market Realist6 days ago

    What Analysts Are Recommending for Planet 13 Holdings

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  • Curaleaf Holdings: Analysts’ Recommendations
    Market Realist11 days ago

    Curaleaf Holdings: Analysts’ Recommendations

    Is There More Upside to Curaleaf Holdings’ Stock Price?(Continued from Prior Part)Analysts’ recommendationsAmong the six analysts that follow Curaleaf Holdings (CURA) (CURLF), three recommended a “strong buy,” while three recommended a

  • Is There More Upside to Curaleaf Holdings’ Stock Price?
    Market Realist11 days ago

    Is There More Upside to Curaleaf Holdings’ Stock Price?

    Is There More Upside to Curaleaf Holdings’ Stock Price?Stock performance Curaleaf Holdings (CURA) (CURLF) has started 2019 on a stronger note. As of April 9, the company’s stock price has increased 83.0% since the beginning of the year. In

  • Cannabis Stocks Were Mixed Last Week
    Market Realist13 days ago

    Cannabis Stocks Were Mixed Last Week

    Planet 13 and Wayland Group Posted Strong Performance Last Week(Continued from Prior Part)Stock performance Cannabis stocks were mixed last week. Of the seven companies considered for our analysis in this article, three have given positive returns,

  • InvestorPlace16 days ago

    3 Marijuana Stocks to Watch as New York, New Jersey Delay Legalization

    Opposition to cannabis has come from an unexpected place in recent days -- blue-state America. Thus far, the states which have legalized pot all lean left, or at least center-left. Hence, it may have come as a surprise when legalization efforts faced roadblocks in two key blue states: New Jersey and New York.In New Jersey, the governor wants to grant legal status to cannabis. However, lawmakers canceled the vote since it does not appear to have enough support in the State Senate.New York faces obstacles in the state capitol and several localities. Governor Andrew Cuomo has indicated that he will miss the deadline to include it in April's state budget. Moreover, many counties, some which encompass metro New York City, have expressed interest in opting out of legalization.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Dangerous Dividend Stocks to Avoid This primarily affects stocks with weed-based operations in the state. Thankfully for Canopy Growth (NYSE:CGC) investors, its recent move into New York state involves the production of recently legalized hemp. However, these three smaller, U.S.-based marijuana stocks could face pain as these key states delay legalization: Innovative Industrial Properties (IIPR)Innovative Industrial Properties (NYSE:IIPR) stands out among other marijuana stocks by acting as a real estate investment trust (REIT). It earns revenue by owning greenhouses in industrial space and renting them out to growers.Also, due to its REIT status, it offers a dividend, something that most other marijuana stocks typically do not offer. Moreover, the company hiked the quarterly dividend to 45 cents per share last month, a yield of around 2.25%.However, with legalization efforts in New York tied off, IIPR stock could face setbacks. The company owns 13 properties total, two of them located in New York state. This comprises just over 15% of its total property. Interestingly, the San Diego-based firm owns more property in New York than in its home state of California.The company likely bought these properties in anticipation of legalization. Still, with both hemp and medical marijuana legal, it could pivot into those industries. Also, at a forward price-to-earnings ratio of 28.6, it trades at a lower multiple than other marijuana stocks.However, investors could still punish it in the near term for its relatively large stake in New York. Until New York's state government provides more clarity, investors should probably avoid IIPR. Acreage Holdings (ACRGF)The public may know Acreage Holdings (OTCMKTS:ACRGF) best for its group of backers. Its Board members include prominent politicians such as former Massachusetts Governor Bill Weld and former Canadian Prime Minister Brian Mulroney. Former House Speaker John Boehner, who was once an opponent of marijuana, also sits on the board.It may need this political firepower as it contends with its presence in both New Jersey and New York. New Jersey is home to its 135,000 sq. ft. cultivation facility. It also partnered with a licensed alternative treatment facility in the state, presumably on the assumption that New Jersey would legalize. In New York, it runs four dispensaries and a 70,000 sq. foot cultivation facility.Trading at 195 times sales, the market prices it for perfection. Before this news came out, analysts had expected Acreage to turn a profit next year. They also predicted that revenues would rise by 115%. Now, with the status of weed in question in both states, investors may become wary.Also, it has only traded on the OTC markets since November. After briefly plummeting to $12 per share in December, it has settled at about $22 per share, not far above its IPO price. * 10 Best Stocks for 2019: The Race Is On Acreage may benefit later from its substantial political influence. However, with its sizable presence in these states and its failure to move higher in its brief history, investors should stay away from ACRGF stock for now. Medmen (MMNFF)MedMen (OTCMKTS:MMNFF) describes itself as the "standard bearer" of the legal cannabis industry in the U.S. It owns facilities for cultivation, manufacturing and retail in five key states. Unfortunately, one of those states is New York, where it runs three dispensaries.MedMen also intends to buy PharmaCann, a private company that was awarded licenses to operate four dispensaries and a 128,000 sq. foot production facility in New York.MMNFF stands as an OTC stock trading at about $3 per share. However, it boasts a market cap of just under $1.5 billion and a price-to-sales ratio of 16.9. This multiple appears quite reasonable compared to other marijuana stocks. Analysts also forecast triple-digit revenue growth and possibly, a positive net income next year.However, a political setback in New York could delay that move to profitability. It also lessens the appeal of the PharmaCann merger, which both companies first announced in October. Given these doubts, investors should probably not buy until they see a clearer path in New York state. Concluding ThoughtsDelay or denial of legalization will profoundly affect all of these stocks. However, once these issues become old news, the stock could also benefit from the delay.The experience with marijuana stocks in Canada may serve as a lesson in this instance. Following legalization, a "sell the news" effect took place, and most cannabis equities plunged over the next two months. I have previously speculated that marijuana stocks would eventually become so-called "sin" stocks similar to Altria (NYSE:MO) and Constellation Brands (NYSE:STZ). Such equities tend to become dividend payers with low P/E ratios, drawing a much different type of investor.These legal setbacks could actually postpone such a fate, adding to the appeal of marijuana stocks, even the ones with a presence in New York and New Jersey. Hence, investors should not only seek to understand the short-term effects but also learn to look beyond them.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Stocks That Would Be Hurt By a Mexico/U.S. Border Closure * 7 A-Rated Healthcare Stocks for Industry Expansion * 10 Stocks That Every 30-Year-Old Should Buy and Hold Forever Compare Brokers The post 3 Marijuana Stocks to Watch as New York, New Jersey Delay Legalization appeared first on InvestorPlace.

  • Planet 13’s Superstore Earned Revenues of $5.5 Million in March
    Market Realist18 days ago

    Planet 13’s Superstore Earned Revenues of $5.5 Million in March

    Planet 13’s Superstore Earned Revenues of $5.5 Million in MarchRevenue growth Planet 13 Holdings (PLNHF) (PLTH) announced today that its Las Vegas Cannabis Entertainment Complex, also called the Superstore, posted revenue of $5.5 million in March.

  • iAnthus Capital Holdings’ Q4 Results Drove Its Stock Price
    Market Realist18 days ago

    iAnthus Capital Holdings’ Q4 Results Drove Its Stock Price

    Analyzing iAnthus Capital Holdings’ Q4 Results(Continued from Prior Part)Stock performance After iAnthus Capital Holdings (ITHUF) (IAN) posted its fourth-quarter earnings on April 2, the company’s stock price rose and closed the day at 7.61

  • Analyzing iAnthus Capital Holdings’ Q4 Results
    Market Realist18 days ago

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    Analyzing iAnthus Capital Holdings’ Q4 ResultsFourth-quarter results On April 2, iAnthus Capital Holdings (ITHUF) (IAN) posted its fourth-quarter earnings before the market opened. For the quarter ending on December 31, the company posted

  • New Jersey Delays Recreational Pot Vote: Which Marijuana Stocks Are Most Affected?
    Motley Fool26 days ago

    New Jersey Delays Recreational Pot Vote: Which Marijuana Stocks Are Most Affected?

    It's a no-go for recreational marijuana in the Garden State for now. And several marijuana stocks are feeling the sting of the state's delay.

  • Acreage Holdings and Trulieve Cannabis Posted Strong Performances
    Market Realist27 days ago

    Acreage Holdings and Trulieve Cannabis Posted Strong Performances

    What Drove Curaleaf’s Stock Price Last Week?(Continued from Prior Part)Stock performances Despite the weakness in the broader equity market last week, with the S&P 500 Index falling 0.8%, most cannabis stocks delivered positive returns. From

  • Benzinga27 days ago

    Bulls And Bud Of The Week: New Jersey's Billion-Dollar Weed Market And Glacé Edibles

    Last week, the bill that will allow the good people of New Jersey to legally buy and consume adult-use cannabis, cleared the Assembly Appropriations Committee. Investors who have been following legalization developments in New Jersey are likely encouraged by this recent move.

  • Curaleaf’s Revenues: Analysts’ Expectations in 2019
    Market Realistlast month

    Curaleaf’s Revenues: Analysts’ Expectations in 2019

    Curaleaf Stock Rose More than 30% on March 21(Continued from Prior Part)Fourth-quarter revenues Before we discuss analysts’ 2019 estimates, we’ll look at Curaleaf Holdings’ (CURA) (CURLF) fourth-quarter performance. The company posted its

  • Curaleaf Stock Rose More than 30% on March 21
    Market Realistlast month

    Curaleaf Stock Rose More than 30% on March 21

    Curaleaf Stock Rose More than 30% on March 21Curaleaf’s earningsCuraleaf Holdings (CURA) (CURLF) posted its fourth-quarter earnings after the market closed on March 20. Bloomberg reported that during the fourth-quarter earnings call, Curaleaf’s

  • Benzingalast month

    John Boehner On Federal Legalization Of Cannabis: It's A Matter Of When, Not If

    Boehner's stance against legalization of cannabis throughout his three-decade career in politics has shifted since leaving Washington. Medical cannabis is legal in 33 states and legal for recreational use in 10 states. As such, Boehener said federal laws are "out of step" with the majority of individual states who moved towards legalization.

  • Why Acreage Holdings Stock Rose Last Week
    Market Realistlast month

    Why Acreage Holdings Stock Rose Last Week

    Why Acreage Holdings Stock Rose Last WeekSector performanceWith the stronger broader equity market, cannabis stocks rose last week. The S&P 500 Index rose 2.9% on March 8–15. During the same period, the stock price of the Horizons Marijuana

  • Planet 13 Inks Deal with Mike Tyson’s Cannabis Venture
    Market Realistlast month

    Planet 13 Inks Deal with Mike Tyson’s Cannabis Venture

    Planet 13 Inks Deal with Mike Tyson’s Cannabis VentureThe announcementToday, Planet 13 Holdings (PNTH) (PLNHF) announced that it had inked a purchase agreement with Tyson Ranch, which is owned by boxer Mike Tyson. Planet 13 is set to be the

  • Benzingalast month

    Acreage Holdings Enters California Dispensary Market, Reports Fourth-Quarter Results

    Acreage Holdings Inc (OTC: ACRGF), the largest vertically integrated, multistate owner of cannabis licenses and assets in the U.S., said Wednesday it would enter the California dispensary market through the acquisition of Kanna. For the quarter ended Dec. 31, Acreage Holdings posted revenue of $10.5 million, up by 380 percent on the year.

  • Analyzing Acreage Holdings’ Q4 Earnings
    Market Realistlast month

    Analyzing Acreage Holdings’ Q4 Earnings

    Analyzing Acreage Holdings' Q4 EarningsFourth-quarter performance Acreage Holdings (ACRG-U) (ACRGF) posted its fourth-quarter earnings after the market closed on March 12. For the quarter ending on December 31, the company posted revenues of $10.5

  • MarketWatchlast month

    Cannabis producer Acreage fourth-quarter losses widen to $217.6 million

    Acreage Holdings Inc. reported widening fourth quarter net losses of $217.6 million, or $2.63 a share, compared with losses of $4.8 million in the year-earlier quarter; the company did not issue a year-earlier per-share figure. The company said revenue grew to $10.5 million from $2.2 million in the year-ago period. The company does not have enough analyst coverage for FactSet to provide accurate consensus estimates. Acreage did not release financial tables with its earnings or a full management discussion and analysis. Acreage stock has fallen 1.7% in the past three months, as the ETFMG Alternative Harvest ETF , which tracks a basket of pot stocks, has gained 29%. Acreage stock does not trade after hours.

  • Marijuana Banking Bill could help ‘level the playing field’ for smaller players: Acreage Holdings CEO
    Yahoo Finance Video20 days ago

    Marijuana Banking Bill could help ‘level the playing field’ for smaller players: Acreage Holdings CEO

    Kevin Murphy, Acreage Holdings CEO, says the Safe Banking Act will encourage banks to lend to the cannabis business, “help grow it” and “level the playing field” for the small players in the industry, providing them with more access to banks and credit unions. Yahoo Finance’s Alexis Christoforous speaks to him.