ACRGF - Acreage Holdings, Inc.

Other OTC - Other OTC Delayed Price. Currency in USD
+0.17 (+0.76%)
At close: 3:59PM EDT
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Previous Close22.34
Bid0.00 x 0
Ask0.00 x 0
Day's Range21.90 - 30.00
52 Week Range11.99 - 30.00
Avg. Volume173,883
Market Cap2.472B
Beta (3Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-0.09
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est36.40
Trade prices are not sourced from all markets
  • Corona and Canopy: A mix of beer and pot that could juice your stock portfolio
    MarketWatch4 hours ago

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

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  • Canopy Growth’s Acreage Acquisition Boosts Sentiment
    Market Realist7 hours 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 Realist8 hours 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

  • PR Newswire9 hours ago

    Canopy Growth Announces Plan to Acquire Leading U.S. Multi-State Cannabis Operator, Acreage Holdings

    Proposed Deal Complements Canopy Growth's U.S. CBD Strategy With An Accelerated Pathway Into U.S. Cannabis Markets, Once Federally Permissible Deal Structure Expected to Provide Improved Access to Capital ...

  • GlobeNewswire10 hours ago

    Acreage Holdings Announces Signing of Arrangement Agreement

    FRANKFURT, Germany, April 18, 2019 -- Acreage Holdings, Inc. (“Acreage”) (CSE:ACRG.U) (OTC:ACRGF) (FSE:0VZ) and Canopy Growth Corporation (“Canopy Growth”) (TSX:WEED).

  • MarketWatch11 hours 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
    MarketWatch13 hours 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.

  • GlobeNewswire15 hours ago

    Acreage Holdings Enters Nevada Market With Acquisition of Vertically Integrated Deep Roots Medical

    Acreage Holdings, Inc. (“Acreage”) (ACRG-U.CN) (ACRGF) (FSE:0ZV) announced that on April 17, its subsidiary, High Street Capital Partners, LLC entered into an agreement to acquire 100% of Deep Roots Medical LLC (“Deep Roots”), a vertically integrated cannabis operator in Nevada, for a total deal value of $120 million to be paid in common units and cash. Deep Roots marks Acreage’s entry into Nevada, increasing the company’s total state footprint to 20 (including pending acquisitions) - the largest in the US cannabis industry.  With a population of three million, and tourism that attracts 43 million visitors per year, Nevada is estimated to generate nearly $800 million in legal cannabis sales by 2022, according to Arcview Market Research.

  • OTC Markets Group Announces Quarterly Index Performance and Rebalancing
    PR Newswireyesterday

    OTC Markets Group Announces Quarterly Index Performance and Rebalancing

    NEW YORK , April 17, 2019 /PRNewswire/ --  OTC Markets Group Inc.  (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced the first quarter 2019 performance ...

  • GlobeNewswire2 days ago

    Acreage Holdings Announces Closing Of Form Factory Acquisition

    Acreage Holdings, Inc. (“Acreage”) (ACRG-U.CN) (0VZ.F) and Form Factory, Inc. (“Form Factory”) announced today the closing of the merger that was previously announced on December 6, 2018, pursuant to which Acreage acquired all of the issued and outstanding shares of Form Factory. According to the terms of the merger, Acreage issued 6.280 million subordinate voting shares at a deemed value of $25.00 per share.  The transaction brings Form Factory’s expertise as a one-stop-shop to develop, manufacture, and distribute cannabis products of any form factor to Acreage’s 19-state footprint of cannabis-based consumer and medical products.

  • What Analysts Are Recommending for Planet 13 Holdings
    Market Realist4 days ago

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  • ACCESSWIRE7 days ago

    Four Marijuana Stocks Heating Up on Thursday

    CORAL GABLES, FL / ACCESSWIRE / April 11, 2019 / When speaking about the marijuana stock market, we cannot help but bring the Canadian cannabis industry into the conversation. For quite some time, Canada has been leading the global charge in terms of advocating in favor of cannabis legalization. Although cannabis growers are typically the companies most people focus on, it would seem that there are a significant amount of companies with ancillary functions in the cannabis sector.

  • Curaleaf Holdings: Analysts’ Recommendations
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  • GlobeNewswire10 days ago

    Acreage Holdings Appoints Corey Burchman, MD As Chief Medical Officer

    Acreage Holdings (“Acreage”) (ACRG-U.CN) (ACRGF), today announced the appointment of Corey Burchman, MD as Chief Medical Officer. Dr. Burchman will oversee development of an Acreage medical advisory board, assist in developing patient outreach programs, and serve as medical risk mitigator to the company’s product development and innovation. Dr. Burchman will report to Chief Operating Officer, Bob Daino.

  • Cannabis Stocks Were Mixed Last Week
    Market Realist11 days ago

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    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,

  • InvestorPlace13 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 Realist15 days ago

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  • iAnthus Capital Holdings’ Q4 Results Drove Its Stock Price
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    Market Realist16 days ago

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  • GlobeNewswire17 days ago

    Acreage Announces Grand Openings Of Two The Botanist Dispensaries in March, Including Fourth Location in New York

    Acreage Holdings, Inc. (“Acreage”) (ACRG-U.CN) (ACRGF) (0VZ.F) announced today that two The Botanist branded cannabis dispensaries opened during the month of March in New York and North Dakota.  The New York Botanist, located on Long Island in Farmingdale, is Acreage’s fourth dispensary in the state, the maximum allowed by current regulations. The Botanist in Fargo, North Dakota, is the state’s first operational dispensary. With these new dispensary openings, Acreage now owns or has management services agreements in place (including pending acquisitions) for 25 dispensaries that are currently open in 12 states, including nine The Botanist branded dispensaries.

  • GlobeNewswire21 days ago

    Acreage Holdings CEO, Kevin Murphy, Addresses Committee Vote on SAFE Banking Act

    Acreage Holdings, Inc. (“Acreage”) (ACRG-U.CN) (ACRGF) (FSE:0ZV) Chairman and CEO Kevin Murphy provided the following statement regarding today’s successful vote of the U.S. House of Representatives Financial Services Committee. “Today, the House Financial Services Committee signaled to the entire Congress that lawfully licensed cannabis businesses require access to traditional banking services like any other business.  By passing with such overwhelming support - with 100% of Democrats and more than 40% of Republicans - we are a step closer to aligning federal policies to support the economic growth of the fastest growing industry in the US.

  • Marijuana Banking Bill could help ‘level the playing field’ for smaller players: Acreage Holdings CEO
    Yahoo Finance Video17 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.