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: