Acreage Files Restated Interim Financial Statements
NEW YORK, Dec. 21, 2020 (GLOBE NEWSWIRE) Acreage Holdings, Inc. (the “
Company” or “
Acreage”) (CSE: ACRG.A.U, ACRG.B.U) (OTCQX: ACRDF, ACRHF) today announced it filed restated unaudited interim financial statements for the three and nine month periods ended September 30, 2020 (the “
Restated Interim Financial Statements”) and corresponding amended management’s discussion and analysis.
The Company filed interim financial statements for the three and nine month periods ended September 30, 2020 on Form 10-Q (the “
10-Q”) with the Securities and Exchange Commission on December 18, 2020. Certain items were identified in the context of preparing the 10-Q that required a restatement of the Company’s previously-issued unaudited interim financial statements for the three and nine month periods ended September 30, 2020 (the “
Results and Dividends
As shareholders will be well aware, this has been an extraordinary six months, as the world battled the pandemic spread of the COVID-19 virus. After initially imposing draconian restrictions on movement, governments are gradually relaxing social-distancing measures and, supported by unprecedented monetary and fiscal stimulus, a global economic recovery appears to be underway. Asian markets were surprisingly positive against such a challenging backdrop, with the benchmark MSCI All Countries Asia Pacific ex Japan Index rising by 18.1% in total return terms over the half year to 31 October 2020. In comparison, the Company s net asset value ( NAV ) total return was 21.4%, pleasingly ahead of the benchmark, a testament to the quality and resilience of the portfolio s holdings.
Places for People Finance plc The half-yearly financial report covering the first six months of the financial year beginning 1 April 2020 and ending 30 September 2020 is available for viewing. To view the full document, please paste the following URL into the address bar of your browser.
Copies of the above document have also been submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism. For further information, please contact: Places for People Finance plc
Tax and Treasury Director Telephone: +44 (0)1772 897 200 Fax: +44 (0)1772 897 578
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