ACRDF Acreage Holdings, Inc.
Headquartered in New York City, Acreage is one of the largest vertically integrated, multi-state operators of cannabis licenses and assets in the U.S., according to publicly available information. Acreage owns licenses to operate or has management or consulting services or other agreements in place with license holders to assist in operations in 20 states (including pending acquisitions) with a population of approximately 180 million Americans, and an estimated 2022 total addressable market of $16.7 billion in legal cannabis sales, according to Arcview Market Research. Acreage is dedicated to building and scaling operations to create a seamless, consumer-focused branded cannabis experience. Acreage's national retail store brand, The Botanist, debuted in 2018.
Company profile
Ticker
ACRDF, ACRHF
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Investment data
Securities sold
Number of investors
Calendar
18 Dec 20
19 Jan 21
31 Dec 21
News
Financial summary
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| Annual (USD) | Dec 19 | Dec 18 | |
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Financial data from Acreage earnings reports.
| Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | |||
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 68.46M | 68.46M | 68.46M | |||
| Cash burn (monthly) | (positive/no burn) | 14.74M | 14.58M | |||
| Cash used (since last report) | n/a | 54.14M | 53.57M | |||
| Cash remaining | n/a | 14.32M | 14.89M | |||
| Runway (months of cash) | n/a | 1.0 | 1.0 | |||
Recent insider trades
| Date | Owner | Security | Transaction | Code | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|
| 11 Jan 21 | Katie J Bayne | Common Stock - Class E Subordinate Voting Shares | Grant | Aquire A | No | 0 | 16,448 | 0 | 16,448 |
| 11 Jan 21 | Katie J Bayne | Common Stock - Class D Subordinate Voting Shares | Grant | Aquire A | No | 0 | 91,464 | 0 | 91,464 |
| 31 Dec 20 | Filippo Caldini | Common Stock - Class E Subordinate Voting Shares | Grant | Aquire A | No | 0 | 455,556 | 0 | 455,556 |
| 31 Dec 20 | Filippo Caldini | Common Stock - Class D Subordinate Voting Shares | Grant | Aquire A | No | 0 | 300,000 | 0 | 300,000 |
| 31 Dec 20 | Filippo Caldini | Stock Option Common Stock - Class E Subordinate Voting Shares | Grant | Aquire A | No | 3.15 | 366,667 | 1.16M | 366,667 |
| 31 Dec 20 | Filippo Caldini | Stock Option Common Stock - Class D Subordinate Voting Shares | Grant | Aquire A | No | 2.05 | 241,464 | 495K | 241,464 |
| 31 Dec 20 | Robert Daino | Stock Option Common Stock - Class D Subordinate Voting Shares | Grant | Aquire A | No | 2.05 | 219,513 | 450K | 219,513 |
| 31 Dec 20 | Glen S Leibowitz | Stock Option Common Stock - Class D Subordinate Voting Shares | Grant | Aquire A | No | 2.05 | 469,513 | 962.5K | 469,513 |
Financial report summary
?Management Discussion
- The Company derives its revenues from sales of cannabis and cannabis-infused products through retail dispensary, wholesale and manufacturing, as well as from management or consulting fees from entities for whom we provide management or consulting services. As of September 30, 2020, Acreage owned and operated five dispensaries in Oregon (three in Portland, one in Eugene and one in Springfield), four in New York (Buffalo, Farmingdale, Middletown, and Queens), two in New Jersey (Atlantic City and Egg Harbor), three in Connecticut (Bethel, South Windsor and Uncasville), one in Worcester, Massachusetts, two in Illinois (Chicago and Rolling Meadows) and one in Florida (Spring Hill). Acreage has cultivation facilities in Sinking Spring, Pennsylvania, Sterling, Massachusetts, Syracuse, New York, Freeport, Illinois, Sanderson, Florida and Egg Harbor, New Jersey. Acreage also collects management services revenues, substantially all in Maine.
Content analysis
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Financial reports
10-Q
2020 Q3
Quarterly report
18 Dec 20
NT 10-Q
Notice of late quarterly filing
16 Nov 20
10-K/A
2019 FY
Annual report (amended)
14 Aug 20
10-Q
2020 Q2
Quarterly report
14 Aug 20
NT 10-Q
Notice of late quarterly filing
30 Jun 20
10-Q
2020 Q1
Quarterly report
29 Jun 20
10-K
2019 FY
Annual report
29 May 20
NT 10-K
Notice of late annual filing
13 May 20
40-F/A
2018 FY
Annual report (Canada) (amended)
30 May 19
40-F
2018 FY
Annual report (Canada)
30 Apr 19
Current reports
8-K
Acreage Holdings Adds Katie J. Bayne
13 Jan 21
8-K/A
Amended and Restated Financial Statements
23 Dec 20
8-K
Acreage Holdings Names Peter Caldini, Former President Pfizer North America Consumer Healthcare, as CEO
18 Dec 20
8-K
Acreage Announces Construction-Financing Loan
2 Dec 20
8-K
Results of Operations and Financial Condition
1 Dec 20
8-K
Acreage Holdings Reports Third Quarter 2020 Results
12 Nov 20
8-K
Acreage Announces Senior Secured Term Loan Facility
4 Nov 20
8-K
Acreage Announces Retirement of Short-Term Strategic Financing
22 Oct 20
8-K
Acreage Secures Three-Year Term Loan, Repays Short-Term Convertible Note
30 Sep 20
8-K
Entry into a Material Definitive Agreement
28 Sep 20
Registration and prospectus
S-3
Shelf registration
21 Oct 20
S-3/A
Shelf registration (amended)
21 Aug 20
S-3
Shelf registration
22 Jun 20
SUPPL
Supplemental materials (foreign)
26 Feb 20
F-10/A
Registration of securities (Canada) (amended)
9 Aug 19
D
$11.5M in equity, sold $9.56M, 5 investors
12 Jul 19
F-X
Appointment of agent for service of process by issuers registering securities
24 Jun 19
F-10
Registration of securities (Canada)
24 Jun 19
S-8
Registration of securities for employees
1 Mar 19
F-X
Appointment of agent for service of process by issuers registering securities
29 Jan 19
Proxies
DEFA14A
Additional proxy soliciting materials
19 Aug 20
DEFM14A
Proxy related to merger
18 Aug 20
PRER14A
Preliminary revised proxy
6 Aug 20
PREM14A
Preliminary proxy related to merger
21 Jul 20
DEFA14A
Additional proxy soliciting materials
13 Jul 20
DEFA14A
Additional proxy soliciting materials
30 Jun 20
DEFA14A
Additional proxy soliciting materials
10 Jun 20
DEF 14A
Definitive proxy
10 Jun 20
Other
UPLOAD
Letter from SEC
29 Sep 20
CORRESP
Correspondence with SEC
14 Sep 20
EFFECT
Notice of effectiveness
4 Sep 20
UPLOAD
Letter from SEC
3 Sep 20
CORRESP
Correspondence with SEC
1 Sep 20
CORRESP
Correspondence with SEC
21 Aug 20
CORRESP
Correspondence with SEC
14 Aug 20
UPLOAD
Letter from SEC
10 Aug 20
UPLOAD
Letter from SEC
7 Aug 20
CORRESP
Correspondence with SEC
6 Aug 20
Ownership
4
Acreage / KATIE J BAYNE ownership change
13 Jan 21
3
Acreage / KATIE J BAYNE ownership change
12 Jan 21
4
Acreage / Kevin P Murphy ownership change
5 Jan 21
4
Acreage / John A. BOEHNER ownership change
5 Jan 21
4
Acreage / Douglas L Maine ownership change
5 Jan 21
4
Acreage / BRIAN MULRONEY ownership change
5 Jan 21
4
Acreage / FAASEN WILLIAM C VAN ownership change
5 Jan 21
4
Acreage / James A Doherty III ownership change
5 Jan 21
4
Acreage / Glen S Leibowitz ownership change
5 Jan 21
4
Acreage / Robert Daino ownership change
5 Jan 21