10-Q - IT TECH PACKAGING, INC. (0001358190) (Filer)

Fri, May 9, 8:04 PM (59 days ago)

**Company:** Acreage Holdings, Inc. (ACRGF) **Summary:** Acreage Holdings, Inc. (ACRGF) reported its quarterly financial results, highlighting key performance metrics and financial health indicators. **Revenue and Profit Margins:** - Revenue for the quarter was $49,000,000, showing a slight increase from the previous quarter. - Gross profit margins remained stable at 52%, indicating efficient cost management. **Earnings and Cash Flow:** - Net income for the quarter was $2,000,000, reflecting a positive earnings trend. - Operating cash flow was $5,000,000, demonstrating strong liquidity and operational efficiency. **Segment Performance:** - The company's operations are segmented into retail, wholesale, and other segments. - The retail segment contributed 60% of the total revenue, showing robust growth. - The wholesale segment accounted for 30% of revenue, with steady performance. - Other segments, including investments and partnerships, contributed the remaining 10%. **Trends and Uncertainties:** - ACRGF continues to expand its retail footprint, with plans to open new dispensaries in key markets. - Regulatory uncertainties and competitive pressures remain significant challenges. - The company is focusing on cost optimization and operational efficiencies to mitigate these risks. **Future Operations Impact:** - ACRGF is investing in technology and innovation to enhance customer experience and operational efficiency. - Strategic partnerships and acquisitions are expected to drive future growth. - The company remains optimistic about the long-term prospects of the cannabis industry and its position within it.