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Acreage Holdings

CNSX:ACRG.U
Snowflake Description

High growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ACRG.U
CNSX
$1B
Imp Market Cap
  1. Home
  2. CA
  3. Pharmaceuticals & Biotech
Company description

Acreage Holdings, Inc., formerly High Street Capital Partners, is a principal investment firm specializing in cannabis industry. The last earnings update was 30 days ago. More info.


Add to Portfolio Compare Print
  • Acreage Holdings is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Acreage Holdings has significant price volatility in the past 3 months.
ACRG.U Share Price and Events
7 Day Returns
3.9%
CNSX:ACRG.U
-5.9%
CA Pharmaceuticals
1.3%
CA Market
1 Year Returns
-
CNSX:ACRG.U
-46.7%
CA Pharmaceuticals
-0.1%
CA Market
ACRG.U Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Acreage Holdings (ACRG.U) 3.9% -4.7% -55.7% - - -
CA Pharmaceuticals -5.9% -3.4% -24.8% -46.7% 217.3% 286.4%
CA Market 1.3% 4.2% 1.6% -0.1% 8.4% 5.7%
1 Year Return vs Industry and Market
  • No trading data on ACRG.U.
  • No trading data on ACRG.U.
Price Volatility
Industry
5yr Volatility vs Market

Value

 Is Acreage Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Acreage Holdings. This is due to cash flow or dividend data being unavailable. The share price is $8.59.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Acreage Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Acreage Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CNSX:ACRG.U PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $-3.22
CNSX:ACRG.U Share Price ** CNSX (2019-09-20) in USD $8.59
Canada Pharmaceuticals Industry PE Ratio Median Figure of 13 Publicly-Listed Pharmaceuticals Companies 15.3x
Canada Market PE Ratio Median Figure of 539 Publicly-Listed Companies 14.14x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Acreage Holdings.

CNSX:ACRG.U PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= CNSX:ACRG.U Share Price ÷ EPS (both in USD)

= 8.59 ÷ -3.22

-2.67x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Acreage Holdings is loss making, we can't compare its value to the CA Pharmaceuticals industry average.
  • Acreage Holdings is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Acreage Holdings's expected growth come at a high price?
Raw Data
CNSX:ACRG.U PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.67x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
65.3%per year
Canada Pharmaceuticals Industry PEG Ratio Median Figure of 7 Publicly-Listed Pharmaceuticals Companies 1.56x
Canada Market PEG Ratio Median Figure of 245 Publicly-Listed Companies 1.02x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Acreage Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Acreage Holdings's assets?
Raw Data
CNSX:ACRG.U PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $5.18
CNSX:ACRG.U Share Price * CNSX (2019-09-20) in USD $8.59
Canada Pharmaceuticals Industry PB Ratio Median Figure of 151 Publicly-Listed Pharmaceuticals Companies 2.36x
Canada Market PB Ratio Median Figure of 2,457 Publicly-Listed Companies 1.43x
CNSX:ACRG.U PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= CNSX:ACRG.U Share Price ÷ Book Value per Share (both in USD)

= 8.59 ÷ 5.18

1.66x

* Primary Listing of Acreage Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Acreage Holdings is good value based on assets compared to the CA Pharmaceuticals industry average.
X
Value checks
We assess Acreage Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Pharmaceuticals industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Pharmaceuticals industry average (and greater than 0)? (1 check)
  5. Acreage Holdings has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Acreage Holdings expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
65.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Acreage Holdings expected to grow at an attractive rate?
  • Acreage Holdings's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • Acreage Holdings's earnings growth is expected to exceed the Canada market average.
  • Acreage Holdings's revenue growth is expected to exceed the Canada market average.
Annual Growth Rates Comparison
Raw Data
CNSX:ACRG.U Future Growth Rates Data Sources
Data Point Source Value (per year)
CNSX:ACRG.U Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 65.3%
CNSX:ACRG.U Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 77.3%
Canada Pharmaceuticals Industry Earnings Growth Rate Market Cap Weighted Average 97.7%
Canada Pharmaceuticals Industry Revenue Growth Rate Market Cap Weighted Average 56.5%
Canada Market Earnings Growth Rate Market Cap Weighted Average 12.6%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
CNSX:ACRG.U Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
CNSX:ACRG.U Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 688 -132 28 3
2020-12-31 391 -51 -74 6
2019-12-31 177 -93 -118 3
2019-09-22
CNSX:ACRG.U Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 47 -57 -265
2019-03-31 32 -40 -225
2018-12-31 21 -36 -206
2018-09-30 13 -29 -8
2018-06-30 9 -19 -4
2018-03-31 8 -14 -11
2017-12-31 8 -6 -7
2016-12-31 4 -1 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Acreage Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Acreage Holdings's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
CNSX:ACRG.U Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from Acreage Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:ACRG.U Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.28 0.28 0.28 1.00
2020-12-31 -0.80 0.12 -2.30 4.00
2019-12-31 -1.31 -0.85 -1.78 6.00
2019-09-22
CNSX:ACRG.U Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 -3.22
2019-03-31 -3.04
2018-12-31 -3.08
2018-09-30 -0.09
2018-06-30 -0.06
2018-03-31 -0.21
2017-12-31 -0.14
2016-12-31 -0.05

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Acreage Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Acreage Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Acreage Holdings has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Acreage Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Acreage Holdings's growth in the last year to its industry (Pharmaceuticals).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Acreage Holdings does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare Acreage Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Acreage Holdings's 1-year growth to the CA Pharmaceuticals industry average as it is not currently profitable.
Earnings and Revenue History
Acreage Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Acreage Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:ACRG.U Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 46.62 -265.34 166.78
2019-03-31 31.82 -225.41 122.83
2018-12-31 21.12 -205.66 90.35
2018-09-30 12.84 -7.55 29.72
2018-06-30 9.45 -3.98 16.48
2018-03-31 8.22 -10.63 13.17
2017-12-31 7.74 -7.00 10.00
2016-12-31 3.77 -1.95 3.06

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Acreage Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Acreage Holdings has efficiently used its assets last year compared to the CA Pharmaceuticals industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Acreage Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Acreage Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Pharmaceuticals industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Acreage Holdings has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Acreage Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Acreage Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Acreage Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Acreage Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Acreage Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 37.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Acreage Holdings Company Filings, last reported 2 months ago.

CNSX:ACRG.U Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 571.88 3.56 84.49
2019-03-31 503.89 8.01 139.01
2018-12-31 507.72 15.64 254.03
2018-09-30 241.07 58.30 74.07
2018-06-30 159.21 41.48 85.99
2018-03-31 30.54 27.62 16.23
2017-12-31 30.54 27.62 16.23
2016-12-31 28.94 0.55 5.30
  • Acreage Holdings's level of debt (0.6%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Acreage Holdings's debt level has increased without past 5-year debt data.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Acreage Holdings has less than a year of cash runway based on current free cash flow.
  • Acreage Holdings has less than a year of cash runway if free cash flow continues to grow at historical rates of 107.3% each year.
X
Financial health checks
We assess Acreage Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Acreage Holdings has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Acreage Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Acreage Holdings dividends.
If you bought $2,000 of Acreage Holdings shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Acreage Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Acreage Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
CNSX:ACRG.U Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
North America Pharmaceuticals Industry Average Dividend Yield Market Cap Weighted Average of 10 Stocks 2.8%
Canada Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

CNSX:ACRG.U Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31
2019-09-22

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Acreage Holdings has not reported any payouts.
  • Unable to verify if Acreage Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Acreage Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Acreage Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Acreage Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Acreage Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Acreage Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Acreage Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kevin Murphy
COMPENSATION $10,473,000
AGE 57
CEO Bio

Mr. Kevin P. Murphy is a Founder of Acreage Holdings, Inc. and has been its Chief Executive Officer since April 2014 and was its President since April 18, 2019. He serves as Chairman of the Board of Acreage Holdings and has been its Director since November 14, 2018. Mr. Murphy also serves on the Board of Directors of Compass Ventures, Nature’s Care Company and Prime Wellness of Pennsylvania. He was a Managing Partner and Head of Business Development at Stanfield Capital Partners LLC. He joined the firm in 1999 and was responsible for marketing and relationship management for Stanfield. a Managing Member of High Street Capital Partners Management and the Managing Member and Chief Executive Officer of High Street. Mr. Murphy served as a Founding Member and Managing Partner of Tandem Global Partners. He served as a Senior Vice President of Sales at Schroders. Mr. Murphy began his career in 1988 at Cantor Fitzgerald as a Vice President, prior to moving to Lazard Freres as a Vice President in 1992. He joined Schroeder’s in 1995 as a Senior Vice President in sales. In 1996, Mr. Murphy served as Partner at Gleacher Natwest, prior to joining Stanfield in 1999 as Director of Marketing. Mr. Murphy has become a leader in the medical cannabis industry, providing business expertise and insight into financial growth strategies that have proven critical for several cannabis companies. His past roles included oversight of risk-management, sales and distribution, client services, legal, compliance and operations. He received a B.A. in Sociology from Holy Cross College (1980-1985).

CEO Compensation
  • Insufficient data for Kevin to compare compensation growth.
  • Kevin's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Acreage Holdings management team in years:

1
Average Tenure
51.5
Average Age
  • The average tenure for the Acreage Holdings management team is less than 2 years, this suggests a new team.
Management Team

Kevin Murphy

TITLE
Founder
COMPENSATION
$10M
AGE
57

Glen Leibowitz

TITLE
Chief Financial Officer
COMPENSATION
$5M
AGE
49
TENURE
1.5 yrs

Bob Daino

TITLE
Chief Operating Officer
COMPENSATION
$5M
AGE
54
TENURE
1.1 yrs

James Doherty

TITLE
General Counsel
COMPENSATION
$5M
AGE
40
TENURE
0.8 yrs

Alfred Miranda

TITLE
Senior VP & Chief Information Officer
TENURE
0.2 yrs

Steve Hardardt

TITLE
Executive VP
TENURE
0.1 yrs

Howard Schacter

TITLE
Vice President of Communications
TENURE
1.1 yrs

Tyson MacDonald

TITLE
Executive Vice President of Corporate Development

Melvin Yellin

TITLE
Executive Vice President

Devin Binford

TITLE
Executive Vice President
Board of Directors Tenure

Average tenure and age of the Acreage Holdings board of directors in years:

0.8
Average Tenure
70
Average Age
  • The average tenure for the Acreage Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Larissa Herda

TITLE
Director
COMPENSATION
$4M
AGE
60
TENURE
0.8 yrs

Kevin Murphy

TITLE
Founder
COMPENSATION
$10M
AGE
57

Bill Van Faasen

TITLE
Director
COMPENSATION
$4M
AGE
71
TENURE
0.8 yrs

Douglas Maine

TITLE
Lead Independent Director
COMPENSATION
$4M
AGE
70
TENURE
0.8 yrs

John Boehner

TITLE
Director
AGE
69
TENURE
0.8 yrs

Bill Weld

TITLE
Director
AGE
73
TENURE
0.8 yrs

Brian Mulroney

TITLE
Director
COMPENSATION
$10M
AGE
80
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Acreage Holdings individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
15. Jul 19 Buy Kevin Murphy Individual 12. Jul 19 12. Jul 19 154,000 $12.91 $1,987,401
25. Jun 19 Buy Glen Leibowitz Individual 11. Jun 19 11. Jun 19 1,100 $18.20 $20,025
12. Jun 19 Buy Larissa Herda Individual 07. Jun 19 11. Jun 19 21,000 $18.28 $382,874
X
Management checks
We assess Acreage Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Acreage Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Acreage Holdings, Inc., formerly High Street Capital Partners, is a principal investment firm specializing in cannabis industry. Acreage Holdings, Inc. was founded in 2014 and is based in New York, New York.

Details
Name: Acreage Holdings, Inc.
ACRG.U
Exchange: CNSX
Founded: 2014
$1,022,931,027
$774,217,756
119,083,938
Website: http://www.acreageholdings.com
Address: Acreage Holdings, Inc.
366 Madison Avenue,
11th Floor,
New York,
New York, 10017,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CNSX ACRG.U Subordinate Voting Shares Canadian National Stock Exchange CA USD 15. Nov 2018
OTCPK ACRG.F Subordinate Voting Shares Pink Sheets LLC US USD 15. Nov 2018
DB 0VZ Subordinate Voting Shares Deutsche Boerse AG DE EUR 15. Nov 2018
Number of employees
Current staff
Staff numbers
0
Acreage Holdings employees.
Industry
Pharmaceuticals
Pharmaceuticals & Biotech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/09/22 00:48
End of day share price update: 2019/09/20 00:00
Last estimates confirmation: 2019/09/19
Last earnings filing: 2019/08/23
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.