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Benzinga
Benzinga
Business
Jelena Martinovic

Acreage Reports Fifth Quarter Of Positive Adjusted EBITDA, Wider Net Loss In Q1

Vertically integrated cannabis company Acreage Holdings, Inc. (OTCQX:ACRDF) reported its financial results for the first quarter ended March 31, 2022.

“We achieved our fifth consecutive quarter of positive Adjusted EBITDA and sequentially improved our gross margin, while continuing to grow revenue despite industry headwinds and pandemic related challenges in Q1,” Peter Caldini, the company’s CEO, commented on the first quarter financial results.

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