---
schema_version: "secwatch.filing_event.v1"
accession: "0001762359-24-000028"
form_type: "8-K"
ticker: null
cik: "0001762359"
company_name: "Acreage Holdings, Inc."
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T04:35:50.650583+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Acreage Q4 2023 rev $52.8M (-8% YoY), net loss $35.7M, Adj EBITDA $4.3M

## Summary
- Q4 2023 consolidated revenue $52.8M vs $57.5M YoY (-8.2%); gross margin 32% (33% adjusted for inventory).
- Net loss attributable to Acreage $30.7M; operating expenses cut 72% YoY to $41.4M.
- Adjusted EBITDA $4.3M (8% margin) for 12th straight positive quarter; FY 2023 Adj EBITDA $28.3M.
- Entered NY adult-use wholesale with The Botanist; expanded NJ Egg Harbor facility (doubled plant productivity).
- Canopy USA reorganization approved by shareholders on Apr 12, 2024, advancing planned acquisition of Acreage.

## SEC filing metadata
- accession: 0001762359-24-000028
- form_type: 8-K
- cik: 0001762359
- company_name: Acreage Holdings, Inc.
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1762359/000176235924000028/0001762359-24-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1762359/000176235924000028/acrg-20240429.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001762359-24-000028
- JSON: https://secwatch.observer/filing/0001762359-24-000028.json
- Plain text: https://secwatch.observer/filing/0001762359-24-000028.txt

## Key facts
- Earnings Releases
  Acreage Holdings, Inc. reported full year ended December 31, 2023 results: revenue $223.4 million.
  - Period: full year ended December 31, 2023
  - Revenue: $223.4 million
  - Result: reported results
  source text: Full year consolidated revenue of $223.4 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1762359/000176235924000028/0001762359-24-000028-index.htm
- Earnings Releases
  Acreage Holdings, Inc. reported the fourth quarter ended December 31, 2023 results: revenue $52.8 million, net income $35.7 million.
  - Period: the fourth quarter ended December 31, 2023
  - Revenue: $52.8 million
  - Net income: $35.7 million
  - Result: reported results
  source text: its financial results for the fourth quarter (“Q4 2023”) and full year ended December 31, 2023 (“FY 2023”). Fourth Quarter 2023 Financial Highlights • Consolidated revenue of $52.8 million. • Gross margin was 32%. Excluding the impact of non-cash inventory adjustments, Q4 2023 adjusted gross margin was 33%. • Net loss for Q4 2023 was $35.7 million. • Adjusted
  evidence_url: https://www.sec.gov/Archives/edgar/data/1762359/000176235924000028/0001762359-24-000028-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.