Canopy Growth Acquisition Target Acreage Reports 30% YoY Decline In Q3, Record Cannabis Wholesale Revenue In NY
Canopy Growth Acquisition Target Acreage Reports 30% YoY Decline In Q3, Record Cannabis Wholesale Revenue In NY
Vertically integrated cannabis operator Acreage Holdings, Inc. (CSE:ACRG, ACRG.B.U)) (OTCQX:ACRHF, ACRDF)) reported its financial results Thursday for the third quarter ended Sept. 30, 2024.
vertically integrated 大麻股 運營商 Acreage Holdings, Inc. (cse:ACRG, ACRG.b.U)) (otcqx:ACRHF, ACRDF)) 週四發佈了截至2024年9月30日的第三季度財務業績。
"In the third quarter, we continued to focus on re-accelerating growth across our core states, including Connecticut, Illinois, and New Jersey, while also executing on the highly anticipated launch of non-medical sales in Ohio," said CEO Dennis Curran. "With our strengthened financial position, we have bolstered our capacity to pursue opportunities in these markets as they continue to mature, which is expected to play a pivotal role in driving both revenue generation and improvements in Adjusted EBITDA as we close out 2024."
CEO Dennis Curran表示："在第三季度，我們繼續專注於在康涅狄格州、伊利諾伊州和新澤西州等核心州重新加速增長，同時還在執行在俄亥俄州啓動非醫療銷售的備受期待的計劃。""憑藉我們強化的財務狀況，我們增強了在這些市場追求機會的能力，隨着這些市場的不斷髮展，這預計將對推動營業收入和改善調整後的EBITDA起到關鍵作用，幫助我們完成2024年。"
Q3 2024 Financial Highlights
2024年Q3財務亮點：
- Consolidated revenue totaled $39.6 million, representing a 30% decrease YoY.
- Gross margin was 35%, down from 38% in the third quarter of 2023.
- Total operating expenses amounted to $22.6 million, down from $24 million in the same period of last year.
- Net loss was $22.2 million, up from a loss of $7.9 million in the previous year's quarter.
- Adjusted EBITDA came in positive at $0.6 million, representing a drop from $6.6 million in the third quarter of 2023.
- 合併營業收入總計3960萬，較上年同期下降30%。
- 毛利率爲35%，低於2023年第三季度的38%。
- 總營業費用爲2260萬，低於去年同期的2400萬。
- 淨虧損爲2220萬，高於去年同期的790萬虧損。
- 調整後的EBITDA爲正值，達60萬，較2023年第三季度的660萬下降。
Read Also: Acreage Holdings Q2 Revenue Drops, Invests In Ohio Growth As Canopy Acquisition Nears
相關閱讀：Acreage Holdings第二季度營業收入下降，在canopy growth收購臨近之際投資俄亥俄州增長
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Q3 2024 Operational Highlights
2024年第三季度運營亮點
- Launched recreational cannabis sales in Ohio at five Botanist retail locations, contributing to 38% of third-quarter revenue in the state.
- Debut Superflux flower in Illinois, with strong wholesale penetration.
- Achieved record wholesale revenue performance in New York.
- Secured a $65 million credit agreement, resulting in the repayment of prior debts.
- Gained green light for a new dispensary in Collingswood, New Jersey.
- 在俄亥俄州的五個Botanist零售地點推出了娛樂性大麻銷售，佔該州第三季度營業收入的38%。
- 在伊利諾伊州首次推出Superflux花卉，併成功進入批發市場。
- 在紐約實現了創紀錄的批發營業收入表現。
- 獲得6500萬美元的信貸協議，成功償還之前的債務。
- 在新澤西州Collingswood獲得新的藥房開設許可。
Outlook
展望
Canopy USA, Canopy Growth Corporation's (TSX:WEED) (NASDAQ:CGC) strategy to consolidate its U.S.-based assets – is set to acquire Acreage in 2025.
Canopy USA，Canopy Growth Corporation（tsx:weed）（納斯達克:CGC）在美國地區的資產整合策略——計劃於2025年收購Acreage。
Curran emphasized efforts to boost growth in key markets like Connecticut, Illinois, and New Jersey while leveraging Acreage's strong medical reputation in Ohio.
Curran強調了在康涅狄格州、伊利諾伊州和新澤西州等關鍵市場推動增長的努力，同時利用Acreage在俄亥俄州強大的醫療聲譽。
ACRHF Price Action
ACRHF價格走勢
Acreage's shares traded 4.29% lower at $0.134 per share after the market close on Thursday afternoon.
Acreage的股價在週四下午收盤後下跌了4.29%，每股價格爲0.134美元。
- Ohio's Cannabis Sales Reach $44M As New Customers Just Keep Coming And Demand Is Not Slowing
- 俄亥俄州的大麻銷售額達到4400萬美元，新的客戶源源不斷，需求未見減緩。
譯文內容由第三人軟體翻譯。
