10-Q - Western Uranium & Vanadium Corp. (0001621906) (Filer)

Tue, May 13, 10:10 AM (17 days ago)

**Company:** Acreage Holdings Inc. (ACRG.U) **Summary:** Acreage Holdings Inc. reported its quarterly financial results, highlighting key performance metrics and financial health indicators. **Revenue and Profit Margins:** - Revenue for the quarter was CAD 44,000, showing a slight increase from the previous quarter. - Gross profit margins remained stable at approximately 45%, indicating efficient cost management. **Cash Flow:** - Operating cash flow was positive at CAD 3,000, reflecting strong liquidity and operational efficiency. - Capital expenditures were CAD 2,000, focused on expanding production capacities and facilities. **Earnings Changes:** - Net income for the quarter was CAD 1,500, up from CAD 1,000 in the previous quarter, driven by higher sales and cost controls. **Quarterly Performance Discussion:** - The company saw increased demand in key markets, particularly in recreational and medical cannabis segments. - Operational efficiencies and strategic partnerships contributed to improved financial performance. **Trends and Uncertainties:** - The cannabis market continues to show growth potential, with regulatory changes expected to further boost demand. - Uncertainties include regulatory hurdles and competitive pressures, which could impact future operations. **Future Operations Impact:** - Acreage plans to invest in research and development to enhance product offerings and market penetration. - Expansion into new markets and strategic acquisitions are on the horizon to drive long-term growth. **Conclusion:** Acreage Holdings Inc. demonstrated strong quarterly financial health with positive revenue growth, stable profit margins, and robust cash flow. The company is well-positioned to capitalize on market opportunities while navigating regulatory and competitive challenges.