Acreage Holdings Q2 Revenue Drops, Invests In Ohio Growth As Canopy Acquisition Nears
Acreage Holdings Q2 Revenue Drops, Invests In Ohio Growth As Canopy Acquisition Nears
Acreage Holdings, Inc. (OTC:ACRHF), a multi-state operator of cannabis cultivation and retailing facilities, announced its Q2 2024 earnings on Wednesday, revealing a mixed financial landscape marked by strategic expansions yet shadowed by a significant net loss and a revenue dip, down 33% year-over-year.
大麻股種植和零售設施的跨州經營者Acreage Holdings, Inc.（OTC:ACRHF）週三發佈了2024年第二季度的業績，揭示了一份戰略擴張卻又被顯著的淨虧損和營收下滑所籠罩的複雜財務景象。
Q2 2024 Financial Highlights
2024年第二季度財務業績亮點
- Consolidated revenue of $39 million, compared to the $58 million in Q2 2023.
- Net loss was $24.1 million, increasing from the $18.2 million of the same quarter last year.
- Adjusted EBITDA was a gain of $1.9 million, down from the $6.8 million reported in the second quarter of 2023.
- Gross profit was $16.9 million, a slight decrease compared to the $21.1 million in Q2 2023.
- 2024年第二季度，綜合營收爲3900萬美元，較2023年第二季度的5800萬美元下降。
- 淨虧損爲2410萬美元，較去年同期的1820萬美元增加。
- 調整後的EBITDA爲190萬美元盈利，較2023年第二季度報告的680萬美元下降。
- 毛利潤爲1690萬美元，與2023年第二季度的2110萬美元相比略有下降。
Revenue Decline Linked To Liquidity Constraints
營收下降與流動性限制有關。
The company attributed the revenue decline primarily to liquidity constraints that affected inventory levels and sales. Despite these challenges, Acreage highlighted strategic growth initiatives and a robust restructuring plan poised to steer future profitability.
該公司將營收下降歸因於主要影響庫存水平和銷售的流動性限制。儘管面臨這些挑戰，Acreage還強調了戰略增長舉措和一個強大的重組計劃，旨在引領未來的盈利能力。
Acreage also experienced a gross margin improvement to 43% compared to 36% in the same period last year. However, constrained by credit issues and cash preservation needs, the company reported a stark decrease in adjusted EBITDA to $1.9 million, a significant drop from $6.8 million in Q2 2023.
Acreage的毛利率也有所提高，從去年同期的36％上升至43％。然而，受信用問題和需求現金保留的影響，該公司報告了調整後的EBITDA驟降至190萬美元，較2023年第二季度的680萬美元大幅下降。
Read Also: $75 For An Eighth Of An Ounce? Why Are New Jersey Cannabis Prices Still So High?
閱讀更多：爲什麼新澤西的大麻價格仍然如此之高？一個八分之一盎司要75美元嗎？
CEO Commentary
CEO評論
Dennis Curran, CEO of Acreage, acknowledged the financial hurdles. "While our results in the first half of 2024 were constrained by credit challenges and the need to preserve cash, we've now recapitalized our business and expect our commercial activities in key markets, as well opening of the non‐medical market in Ohio, to significantly accelerate revenue and Adjusted EBITDA for the remainder of the year."
Acreage首席執行官Dennis Curran承認了財務障礙。"雖然我們2024年上半年的結果受到信用挑戰和需要保留現金的影響，但我們已經重新融資了我們的業務，並預計我們在主要市場的商業活動，以及俄亥俄州非醫療市場的開幕，將大幅加速營業收入和EBITDA調整後的盈利能力。"
Ohio Market Expansion And Growth In Key States
俄亥俄州市場擴張和關鍵州的增長
In addition, Acreage has been active in expanding its market reach, notably with legal recreational sales in Ohio where the cannabis market is estimated to hit $2.3 billion within a year. The move is expected to double the state's revenue by 2025 from approximately $50 million in 2023.
此外，Acreage一直在積極拓展市場，尤其是在俄亥俄州的合法休閒銷售中，該州的大麻市場預計將在一年內達到2.3億美元。該舉措預計將在2025年將該州的營業收入從約5000萬美元增加一倍。
Despite the challenging quarter, Acreage is gearing up for a reaccelerated growth trajectory in core states including New Jersey, Illinois and Connecticut, supported by a recapitalization strategy and new product launches aimed at revitalizing its market presence.
儘管這是一個具有挑戰性的季度，Acreage正爲加速核心州的增長軌跡做好準備，包括新澤西州、伊利諾伊州和康涅狄格州，支持資金重組戰略和新產品發佈，旨在恢復其市場存在感。
Acreage Integration With Canopy
Acreage與Canopy的整合
The quarter also saw Acreage advancing its acquisition by Canopy USA (NASDAQ:CGC), which is set to close in the first half of 2025. This acquisition is anticipated to further integrate Acreage into the broader Canopy ecosystem, enhancing collaborative opportunities and operational synergies.
這一季度還看到Acreage推進了其被Canopy USA（NASDAQ:CGC）收購的計劃，該計劃預計將在2025年上半年結束。此收購預計將進一步將Acreage整合到更廣泛的Canopy生態系統中，增強合作機會和操作協同效益。
ACRHF Price Action
ACRHF's shares were trading 14.91% higher at $0.2197 per share at the time of this writing around 10:30 AM ET Thursday.
ACRHF股價漲跌
截至本文撰寫時間，ACRHF股票以每股0.2197美元的價格上漲了14.91％，當日美國東部時間上午10:30左右。
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相關新聞資訊
- The King Of Ohio's Recreational Cannabis Market? Here's Why Investors Should Follow This Weed Stock
- 俄亥俄州休閒大麻市場之王？這是投資者應該跟隨這隻大麻股票的原因
譯文內容由第三人軟體翻譯。