Acreage's Q1 Revenue Slips 19% YoY But CEO Foresees 'Significant Growth Opportunities' As Canopy Growth Strategy Moves Forward
Acreage's Q1 Revenue Slips 19% YoY But CEO Foresees 'Significant Growth Opportunities' As Canopy Growth Strategy Moves Forward
Multi-state cannabis operator Acreage Holdings, Inc. (CSE:ACRG, ACRG.B.U))) (OTCQX:ACRHF, ACRDF))), reported its financial results on Friday for the first quarter ended March 31, 2024.
多州大麻運營商Acreage Holdings, Inc.（CSE: ACRG，ACRG.B.U））（OTCQX: ACRHF，ACRDF））週五公佈了截至2024年3月31日的第一季度財務業績。
"In the first quarter, we diligently focused on cash preservation, implementing cost-saving measures, and honing our business strategy," said CEO Dennis Curran. "Our Northeastern footprint was a focal point with our entry into the New York adult-use wholesale market and the conversion of our third dispensary in Connecticut to a hybrid model serving both patients and consumers."
首席執行官丹尼斯·柯倫說：“在第一季度，我們努力將重點放在現金保存、實施成本節約措施和完善業務戰略上。”“我們的東北足跡是我們進入紐約成人用途批發市場以及康涅狄格州的第三家藥房改爲同時爲患者和消費者提供服務的混合模式的焦點。”
Acreage is on the verge of entering into Canopy Growth Corporation's (TSX:WEED) (NASDAQ:CGC) USA ecosystem, he continued. Canopy USA holds the Company's U.S. cannabis investments, which will enable it to exercise rights to acquire Acreage, Mountain High Products, LLC, Wana Wellness, LLC and The Cima Group, LLC (collectively, Wana) and Lemurian, Inc. (Jetty).
他繼續說，Acreage即將進入Canopy Growth Corporation（多倫多證券交易所股票代碼：WEED）（納斯達克股票代碼：CGC）的美國生態系統。Canopy USA持有該公司在美國的大麻投資，這將使其能夠行使收購Acreage、Mountain High Products, LLC、Wana Wellness, LLC和Cima Group, LLC（統稱爲Wana）和Lemurian, Inc.（Jetty）的權利。
"We are poised to seize significant growth opportunities by forging closer partnerships with industry leaders like Wana and Jetty, who are already in the process of integrating with Canopy USA," Curran continued.
柯倫繼續說：“我們準備通過與Wana和Jetty等行業領導者建立更緊密的合作伙伴關係，抓住重大的增長機會，他們已經在與Canopy USA整合的過程中。”
Acreage is also expected to seize the opportunity in Ohio where adult-use sales are expected to launch soon.
預計Acreage也將抓住俄亥俄州的機會，預計不久將推出成人用品銷售。
"With our enhanced cultivation and manufacturing operations and strong dispensary network, we stand uniquely positioned to cater to the Buckeye State's burgeoning market," Curran said.
柯倫說：“憑藉我們加強的種植和製造業務以及強大的藥房網絡，我們在迎合七葉樹州蓬勃發展的市場方面處於獨特的地位。”
Q1 2024 Financial Highlights
2024 年第一季度財務摘要
- Consolidated revenue totaled $45.3 million, representing a year-over-year decrease of 19%.
- Gross loss was $1.5 million, down from gross profit of $26.6 million in the first quarter of fiscal 2023.
- Total operating expenses amounted to $21.7 million, representing a year-over-year drop of 15%.
- Net loss amounted to $33.3 million, compared to $16.1 million in the prior year's period.
- Adjusted EBITDA, a non-GAAP measure, came in positive at roughly $2 million, compared to an adjusted EBITDA gain of $10.6 million in the first quarter of fiscal 2023.
- 合併收入總額爲4530萬美元，同比下降19％。
- 總虧損爲150萬美元，低於2023財年第一季度的2660萬美元毛利。
- 總運營支出爲2170萬美元，同比下降15％。
- 淨虧損爲3,330萬美元，而去年同期爲1,610萬美元。
- 調整後的息稅折舊攤銷前利潤是一項非公認會計准則指標，爲正數，約爲200萬美元，而2023財年第一季度調整後的息稅折舊攤銷前利潤收益爲1,060萬美元。
As yet another earnings reporting season wraps up, it is important to understand what these figures mean for the future of the industry. Hear directly for top executives, investors and policymakers at the 19th Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9. Get your tickets now before prices surge by following this link.
隨着又一個業績期的結束，了解這些數字對該行業的未來意味着什麼非常重要。在將於10月8日至9日在芝加哥舉行的第19屆Benzinga大麻資本會議上，直接聽取高層管理人員、投資者和決策者的意見。 點擊此鏈接，立即在價格飆升之前獲取門票。
See also: New York-Based Marijuana Company, Acreage, Sees YoY Revenue Decline, But Also Lower Net Loss
另見：總部位於紐約的大麻公司Acreage預計收入同比下降，但淨虧損也有所降低
譯文內容由第三人軟體翻譯。