Acreage Holdings Inc. (OTC: ACRGF) owns and operates several cannabis licenses and assets in the United States. Its primary focus is cultivation, processing, and distribution/retail. As a vertically integrated cannabis company, Acreage controls all elements of its business from research and growth, right down to sales. This allows for high margins, especially when compared to retailers that source their products externally.
The company recently announced $180 million in new capital from warrant placements and private loans. It will use this capital to expand its business in the United States. It intends to invest heavily in real estate assets over the coming quarters.
The company generated $74.1 million in the 2019 fiscal year, an increase of 250% over 2018. Its growth potential is high, especially as the legal cannabis market continues to expand in North America. The stock market is down with the Coronavirus causing volatility and economic uncertainty. However, the $8.83 average target price on this stock suggests there’s a strong upside for bargain stock investors who buy in April.
- 1 Year Price Growth: -88.24%
- YTD Price Growth: -59.43%
- 3 Month Price Growth: -55.96%
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