secwatch.observer — SEC 8-K summary
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Issuer:     Acreage Holdings, Inc. (—)
CIK:        0001762359
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001762359-24-000028
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1762359/000176235924000028/0001762359-24-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1762359/000176235924000028/acrg-20240429.htm
  HTML page:      https://secwatch.observer/filing/0001762359-24-000028

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer