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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: ....
Certain Highlights for 2020 and Subsequent to the Year-End Include Closing the Platinum Vape and Acreage Florida Acquisitions Red White & Bloom (CSE:RWB) (OTCQX:RWBYF) anticipates filing its 2020 audited financial statements on or before May 31, 2021. As a result of this announcement, RWB provided certain 2020 and subsequent financial results. System-wide product sales for the company, which excludes RWB Michigan, RWB Florida and RWB Illinois, in the fourth quarter of 2020 was approximately CDN $26.5 million, an increase of 218% over the third quarter and the first full quarter post-closing of the Platinum Vape (PV) acquisition. ....
Acreage Announces Closing of Divestiture of Florida Operations April 28, 2021 07:30 ET | Source: Acreage Holdings, Inc. Acreage Holdings, Inc. NEW YORK, April 28, 2021 (GLOBE NEWSWIRE) Acreage Holdings, Inc. (“Acreage”) (CSE:ACRG.A.U, ACRG.B.U), (OTCQX: ACRHF, ACRDF) a vertically integrated, multi-state operator of cannabis licenses and assets in the U.S., today announced it has closed its previously disclosed agreement to divest 100% of its Acreage Florida, Inc. subsidiary to Red White and Bloom Brands, LLC (the “Buyer”). “We continue to deliver on our commitments to strengthen our balance sheet and focus our business on core states, which are primarily in the Northeast and Midwest,” said Peter Caldini, Chief Executive Officer of Acreage. “The divestiture of our Florida operations was a significant milestone for Acreage as it accelerates our path to profitability. We are excited to close this chapter and ....
Article content RWB” or the “ Company”) previously announced that it did not file its audit in advance of the April 30, 2021 deadline. The Company anticipates filing its 2020 audited financial statements on or before May 31, 2021. As a result of today’s announcement, RWB is providing certain 2020 and subsequent financial results: Certain highlights for 2020 and subsequent to the year end: System wide product sales 1 for the Company, which excludes RWB Michigan, RWB Florida and RWB Illinois, in the fourth quarter of 2020 were approximately CDN $26.5 million, an increase of 218% over the third quarter and the first full quarter post-closing of the Platinum Vape (“PV”) acquisition; ....