Tuesday, September 16, 2025

Acreage Holdings Reports Declining Revenues Of $31.5 Million, Net Loss Of $45.5 For Q4 2020

Acreage Holdings (CSE: ACRG.a, ACRG.b) this evening issued a press release outlining its financial results for the fourth quarter of 2020. Within, the company filed fourth quarter revenues of $31.5 million, along with a net loss of $45.5 million.

While the company refers to itself as having “reported” earnings, full financial results have yet to be released, however the firm has become known for filing full results two weeks later after initial announcement. The company identified that it generated full year 2020 revenues of $114.5 million, along with a net loss for the year of $360.1 million.

Revenues for the quarter were down marginally on a quarter over quarter basis, from $31.7 million in the third quarter to $31.5 million in the fourth quarter, a decline of 0.6%. Managed entity revenue was down more significantly, falling from $17.0 million in the third quarter to $15.7 million in the fourth, a 7.6% decline. Despite this, the company has stated that “Company-owned same store sales growth* was 27%.” Adjusted EBITDA was pegged at -$3.5 million for the period.

Little other information on the quarter was released by the company, aside from the comment that gross margins were reportedly 46.1% for the quarter.

Acreage Holdings last traded at $6.98 on the CSE under the symbol ACRG.a.u.


Information for this briefing was found via Sedar and Acreage Holdings. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

Acreage Announces Funding For Illinois Cultivation Expansion

Acreage Holdings (CSE: ACRG.u) continues to see a high cost of capital, this morning announcing...

Wednesday, December 2, 2020, 09:14:59 AM

Acreage Holdings Records US$38.4 Million In Revenue, US$8.6 Million Net Loss For Q1 2021

Acreage Holdings, Inc. (CSE: ACRG.A.U) last night released its Q1 2021 financial results, which saw...

Tuesday, May 11, 2021, 09:58:00 AM

Acreage Holdings’ Alternate Financial Reporting Universe

In keeping with the reporting pattern established over the company’s short, action-packed life, Acreage Holdings...

Wednesday, August 28, 2019, 11:11:06 AM

Acreage Holdings Sees COO Retire From Company

Acreage Holdings (CSE: ACRG.A.u) this morning announced that it has seen a member of its...

Tuesday, October 26, 2021, 08:22:41 AM

Updated: Rumors Swirling Canopy In Acquisition Talks with Acreage

This afternoon, rumors started swirling that Canopy ($WEED) is looking to acquire Acreage Holdings ($ACRG.c)....

Wednesday, April 17, 2019, 09:25:27 PM