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Red White & Bloom Reports Fourth Quarter, Full Year 2021 and First Quarter 2022 Financial Results
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Red White & Bloom Q1 Revenue Expands Dramatically to C$28 Million
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Acreage Holdings, Inc. (CSE:ACRG)(OTCQX:ACRDF) posted its first-quarter unaudited financial results on Monday.
The New York-based company reported achieving $38.4 million in consolidated revenue in the first three months of 2021, representing a 58% year-over-year and 22% sequential growth.
The gross margin was 53.7%, representing an increase of 12.6 percentage points compared to the corresponding period of last year.
Acreage also posted a positive adjusted EBITDA of $1.6 million in the first quarter of 2021, versus a $12.3 million loss in the same period of the prior year.
Peter Caldini, Acreage s CEO, said the company achieved positive adjusted EBITDA “for the first time in our history.
Other highlights from the company’s first-quarter report include:
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