ACRGF - Acreage Stock Tumbles 5% As Q1 Net Loss Widens

Acreage stock tumbles on Wednesday after Acreage Holdings (OTCQX:ACRGF) reported a wider loss for the fiscal first quarter.

New York-based cannabis producer Acreage Holdings posted its financial results for the fiscal first quarter on Tuesday and also made the presentation of the financial highlights for the company. In its financial results, Acreage Holdings’ losses widened to $31.2 million compared to $4.2 million in the same quarter a year ago. The loss per share came in at 39 cents, while it stood at 8 cents in the year-ago period.

However, despite ...