Acreage Reveals 52% YoY Increase In Q3 Revenue, 'Refreshed Strategy' Yields Results, CEO Says

Vertically integrated company Acreage Holdings, Inc. (CSE: ACRG) (OTCQX: ACRDF) reported its unaudited financial results late Wednesday for the third quarter of 2021, revealing a consolidated revenue of $48.2 million, representing an increase of 52% year-over-year and 9% sequentially.

"At the beginning of fiscal 2021, we introduced a refreshed strategy focused on our key priorities, which include delivering improved financial results and generating shareholder value," Peter Caldini, the company's CEO said. "Our successes throughout are the culmination of these refocused efforts to drive profitability, strengthen the balance sheet, and accelerate growth in our core markets."

Q3 Financial Highlights

  • Retail revenue amounted to $30.8 million, up by 6.9 million or 29% compared to the corresponding quarter of the last year. …

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