ACRGF - Acreage Holdings: Cash-Strapped And Losing Relevance
Welcome to our Cannabis Earnings series where we break down the latest earnings to help you focus on the most important topics.
Introduction
In April 2019, Acreage Holdings (OTCQX:ACRGF) agreed to be purchased by Canopy Growth (CGC) in an unprecedented structure that delays closing until U.S. federal legalization. At the time, we predicted that the stock could suffer from a lack of investor interest and its phantom status which offers no upside from its own performance. As a result, we are Neutral on the stock based on our Neutral outlook for