Acreage Holdings, Inc. (ACRDF)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Acreage Holdings, Inc. (ACRDF) trades at $0.12 with AI Score 41/100 (Grade C). Acreage Holdings, Inc. is a principal investment firm specializing in the cannabis industry, founded in 2014 and based in New York City. Market cap: $4.88M, Sector: Healthcare.
Price live · AI analysis from Jun 15, 2026Analyst Coverage for ACRDF: ACRDF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates ACRDF against Healthcare peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
ACRDF: the 1 perspectives are evenly split.
How is this calculated? →Acreage Holdings, Inc. (ACRDF) Healthcare & Pipeline Overview
Acreage Holdings, Inc. is a U.S.-based cannabis firm with an established multi-state operational footprint in cultivation, processing, and retail. Operating within the dynamic healthcare sector, the company navigates a complex regulatory landscape while striving for profitability and potential uplisting from its OTC Other tier.
What Is the Investment Thesis for ACRDF?
Acreage Holdings, Inc. presents an investment profile centered on its established multi-state operational footprint within the U.S. cannabis market. The company's vertical integration, encompassing cultivation, processing, and retail, provides a foundation for capturing value across the supply chain. Key value drivers include potential expansion into new state markets as cannabis legalization progresses, and the optimization of existing operations to improve efficiency and profitability. Currently, the company faces significant challenges, evidenced by a negative profit margin of -30.9%, indicating ongoing struggles to achieve net income. Its gross margin of 38.3% suggests some operational efficiency in product creation, but this is offset by higher operating costs. The high Beta of 1.99 signifies substantial volatility relative to the broader market, reflecting the inherent risks of the cannabis sector and its OTC listing. Future growth catalysts include successful efforts to achieve sustained profitability, potential uplisting to a major stock exchange to enhance liquidity and investor access, and strategic partnerships or acquisitions to expand market share. Investors should closely monitor the company's progress in navigating regulatory hurdles and improving financial performance.
Based on FMP financials and quantitative analysis
ACRDF Key Highlights
- Market Capitalization is $0.00B, reflecting a relatively small market valuation.
- Profit Margin stands at -30.9%, indicating the company is currently operating at a net loss.
- Gross Margin is 38.3%, suggesting a reasonable margin on products sold before operating expenses.
- Beta is 1.99, signifying that the stock is significantly more volatile than the overall market.
- The company does not currently pay a dividend, consistent with its growth-oriented and unprofitable status.
Who Are ACRDF's Competitors?
ACRDF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| ALVO Alvotech | $3.51 | -2.77% | $1.19B | 69 |
| AERI Aerie Pharmaceuticals, Inc. | $15.25 | +0.00% | 68 | |
| KIN Kindred Biosciences, Inc. | $9.25 | +0.11% | 68 | |
| CNVCF BioHarvest Sciences Inc. | $6.30 | +0.00% | $109.16M | 66 |
| ALIM Alimera Sciences, Inc. | $5.54 | -0.18% | $301.29M | 60 |
| EGRX Eagle Pharmaceuticals, Inc. | $0.67 | +0.00% | $8.82M | 60 |
| ADMP Adamis Pharmaceuticals Corporation | $0.78 | +0.85% | $7.25M | 61 |
| DCPH Deciphera Pharmaceuticals | $25.59 | +0.08% | $2.21B | 61 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are ACRDF's Key Strengths?
- Established multi-state operational footprint in the U.S. cannabis market.
- Vertically integrated business model covering cultivation, processing, and retail.
- Experience in navigating complex state-level cannabis regulations.
- Gross margin of 38.3% indicates some efficiency in product cost management.
What Are ACRDF's Weaknesses?
- Currently unprofitable, with a profit margin of -30.9%.
- Listed on the OTC Other tier, indicating substantial risk and limited liquidity.
- High Beta of 1.99 suggests significant stock price volatility.
- Reliance on evolving and fragmented state-level cannabis legalization.
What Could Drive ACRDF Stock Higher?
- Achievement of sustained profitability, moving from a -30.9% profit margin to positive net income, which could attract broader investor interest.
- Successful uplisting from the OTC Other tier to a major stock exchange, potentially enhancing liquidity and institutional investment.
- Expansion into new U.S. state markets as cannabis legalization progresses, increasing the company's total addressable market and revenue potential.
- Introduction of new, high-demand cannabis products or brands that capture significant market share and improve revenue streams.
What Are the Key Risks for ACRDF?
- Financial-distress signal — its Altman Z-Score of -4.08 sits in the distress zone (elevated bankruptcy risk).
- Weak fundamentals — a Piotroski F-Score of 2/9 flags soft profitability, leverage or efficiency.
- Persistent unprofitability, as evidenced by a -30.9% profit margin, could lead to continued cash burn and funding challenges.
- Significant regulatory and competitive landscape challenges within the U.S. cannabis industry, impacting market access and operational costs.
- Limited liquidity and substantial risk associated with its OTC Other tier listing, making it difficult for investors to trade shares.
- High stock price volatility, indicated by a Beta of 1.99, exposing investors to greater market fluctuations.
- Inability to secure traditional banking services and capital due to federal cannabis prohibition, hindering growth and operational stability.
What Are the Growth Opportunities for ACRDF?
- **Expansion into New State Markets:** As more U.S. states legalize cannabis for medical or adult-use purposes, Acreage Holdings, Inc. has the opportunity to expand its operational footprint into these nascent markets. This involves securing new licenses for cultivation, processing, and retail dispensaries. Such expansion could significantly increase the company's total addressable market and revenue streams. The timeline for this growth is ongoing, contingent on legislative changes and regulatory approvals in various states. Acreage's existing multi-state experience provides a competitive advantage in navigating complex licensing processes and establishing new operations efficiently.
- **Product Diversification and Innovation:** The cannabis market is continuously evolving with new product categories and consumer preferences. Acreage can drive growth by diversifying its product portfolio beyond traditional flower to include edibles, vapes, concentrates, tinctures, and topicals. Investing in research and development to create innovative, high-quality products can capture new market segments and enhance brand loyalty. This opportunity is ongoing, with market sizes for various product categories expanding rapidly. Differentiated products can command higher margins and strengthen Acreage's competitive position against other operators.
- **Enhanced Market Penetration in Existing States:** Rather than solely focusing on new states, Acreage Holdings, Inc. can deepen its market penetration within its current operational states. This involves strategies such as opening additional dispensaries in underserved areas, increasing cultivation capacity to meet growing demand, and optimizing distribution networks. By strengthening its presence in established markets, Acreage can increase market share and improve brand recognition. This is an ongoing opportunity, with success measured by increased sales volumes and customer acquisition within existing licensed territories.
- **Operational Efficiency and Cost Optimization:** Improving operational efficiency across its cultivation, processing, and retail facilities presents a significant growth opportunity for Acreage. This includes implementing advanced cultivation techniques to increase yields, streamlining processing operations to reduce waste, and optimizing supply chain logistics to lower costs. Enhanced efficiency can directly impact the company's profitability, moving it towards a positive profit margin from its current -30.9%. This is an ongoing internal initiative, with potential for substantial financial improvements over the short to medium term by reducing the cost of goods sold and operating expenses.
- **Potential Uplisting to a Major Exchange:** The AI insight specifically mentions monitoring potential uplisting efforts. Should Acreage Holdings, Inc. successfully uplist from the OTC Other tier to a major exchange like the NASDAQ or NYSE, it would significantly enhance the company's visibility, liquidity, and access to a broader institutional investor base. This move could attract more capital, improve valuation, and provide a more stable trading environment. While the timeline is uncertain and contingent on meeting stringent listing requirements, it represents a substantial catalyst for growth and investor confidence, potentially unlocking significant market value.
What Opportunities Does ACRDF Have?
- Expansion into newly legalized state cannabis markets.
- Product diversification and innovation to capture new consumer segments.
- Potential uplisting to a major stock exchange to improve liquidity and investor access.
- Optimization of operational efficiencies to improve profitability and reduce costs.
What Threats Does ACRDF Face?
- Intense competition from other multi-state operators and local businesses.
- Unfavorable changes in state or federal cannabis regulations and taxation.
- Challenges in securing traditional banking and financial services due to federal prohibition.
- Ongoing inability to achieve sustained profitability amidst high operating costs.
What Are ACRDF's Competitive Advantages?
- **Multi-State Operational Footprint:** Established presence across multiple U.S. states provides a significant barrier to entry for new competitors due to high licensing costs and regulatory complexities.
- **Vertical Integration:** Control over cultivation, processing, and retail allows for better quality control, supply chain management, and potentially higher margins.
- **Brand Recognition (within licensed states):** Developing consumer trust and brand loyalty in specific state markets can create recurring customer bases.
- **Regulatory Expertise:** Experience in navigating diverse and complex state-level cannabis regulations provides an operational advantage.
What Does ACRDF Do?
Acreage Holdings, Inc., originally established as High Street Capital Partners in 2014, is a principal investment firm strategically focused on the burgeoning cannabis industry. Headquartered in New York, New York, the company has evolved beyond its initial investment focus to become a vertically integrated operator within the United States cannabis market. Acreage Holdings, Inc. is actively involved in the cultivation, processing, and retail distribution of cannabis products across various states. This comprehensive operational model encompasses the entire supply chain, from growing raw cannabis material in its cultivation facilities to manufacturing diverse product lines, and finally, dispensing these products to consumers through its network of retail dispensaries. The company's strategic approach emphasizes building a robust multi-state operational footprint, which is a significant aspect of its market positioning given the fragmented and state-regulated nature of the U.S. cannabis industry. This extensive presence allows Acreage to capitalize on localized market opportunities and adapt to varying regulatory frameworks across different jurisdictions. Despite its established infrastructure, the company operates within a challenging regulatory and competitive environment, necessitating continuous adaptation and strategic execution to achieve its long-term financial objectives.
What Products and Services Does ACRDF Offer?
- Cultivates cannabis in various U.S. states through its network of facilities.
- Processes raw cannabis into a diverse range of products, including edibles, vapes, and concentrates.
- Retails cannabis products directly to consumers through its owned and operated dispensaries.
- Operates a multi-state footprint, managing licenses and operations across different legal jurisdictions.
- Engages in principal investments within the cannabis industry, leveraging its market expertise.
- Focuses on building a vertically integrated supply chain from seed to sale.
- Navigates complex and evolving state-level cannabis regulations.
How Does ACRDF Make Money?
- Generates revenue primarily through the sale of cultivated and processed cannabis products at its retail dispensaries.
- Monetizes its multi-state licenses by operating cultivation, processing, and retail facilities in various legal markets.
- Aims to achieve profitability through economies of scale and operational efficiencies across its integrated operations.
- Potentially earns income from strategic investments or partnerships within the broader cannabis ecosystem.
What Industry Does ACRDF Operate In?
Acreage Holdings, Inc. operates within the highly dynamic and evolving U.S. cannabis industry, which is a specialized segment of the broader healthcare sector. The industry is characterized by rapid regulatory changes, varying state-level legalization statuses, and intense competition. As a multi-state operator (MSO), Acreage is positioned to leverage its presence across different legal markets, a critical advantage given federal prohibition. Market trends include increasing consumer acceptance, ongoing state-level legalization efforts, and innovation in product development. However, the industry also faces challenges such as high taxation, limited access to traditional banking services, and a fragmented supply chain. Acreage's competitive landscape includes numerous other MSOs and smaller, localized cannabis businesses. Its ability to achieve profitability amidst these conditions, as indicated by its -30.9% profit margin, is a key determinant of its long-term viability and market position.
Who Are ACRDF's Key Customers?
- Adult-use cannabis consumers in states where recreational sales are legal.
- Medical cannabis patients holding valid prescriptions or recommendations.
- Wholesale partners (other dispensaries or processors) for bulk cannabis products.
- Individuals seeking a range of cannabis product forms, from flower to edibles and concentrates.
Net buyingInsider Activity
The most recent 12 insider filings for Acreage Holdings, Inc. break down as 2 sales and 10 purchases. On net that is roughly 5.7M shares acquired (about $0) — insiders putting money in tends to read as conviction.
F-Score 2/9Financial Health
Acreage Holdings, Inc.'s Piotroski F-Score is 2/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of -4.08 places it in the distress zone, a signal of elevated financial risk.
Key Financial Metrics
Return on assets is -21.6%, showing how much profit it generates from its asset base. A current ratio of 1.42 indicates the company holds enough short-term assets to cover its near-term obligations.
Acreage Holdings, Inc. (ACRDF) Valuation Context
Valued at $4.88M, ACRDF is classified as a micro-cap stock. Relative to its peer group, ACRDF's quantitative score of 41/100 is below the peer average of 66/100.
ACRDF Revenue & Earnings Trend
In Q3 2024, ACRDF generated $27.4M in top-line revenue, marking a sequential decrease of 29.7%. The company recorded a net loss of $19.5M, with diluted EPS of $-0.16. Revenue has contracted over three consecutive quarters, which investors in this micro-cap Healthcare stock should monitor closely.
Company Profile
Acreage Holdings, Inc. operates in the Drug Manufacturers - Specialty & Generic industry within the Healthcare sector. It is headquartered in New York City, US. The company is led by CEO Dennis Curran. ACRDF has traded publicly since 2020.
ACRDF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis
Bull Case vs Bear Case
Bull Case
- Established multi-state operational footprint in the U.S. cannabis market.
- Vertically integrated business model covering cultivation, processing, and retail.
- Experience in navigating complex state-level cannabis regulations.
- Gross margin of 38.3% indicates some efficiency in product cost management.
Bear Case
- Currently unprofitable, with a profit margin of -30.9%.
- Listed on the OTC Other tier, indicating substantial risk and limited liquidity.
- High Beta of 1.99 suggests significant stock price volatility.
- Reliance on evolving and fragmented state-level cannabis legalization.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · July 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2024 | $27M | -$20M | -$0.16 |
| Q2 2024 | $39M | -$21M | -$0.18 |
| Q1 2024 | $45M | -$28M | -$0.24 |
Based on FMP financials and quantitative analysis
ACRDF Latest News
No recent news available for ACRDF.
ACRDF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for ACRDF.
Price Targets
Wall Street price target analysis for ACRDF.
ACRDF MoonshotScore
What does this score mean?
The MoonshotScore rates ACRDF's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Dennis Curran
Chief Executive Officer
Dennis Curran serves as the Chief Executive Officer of Acreage Holdings, Inc., overseeing the strategic direction and daily operations of the company. His leadership is critical in guiding Acreage's extensive multi-state cannabis operations, which include cultivation, processing, and retail. With a background likely encompassing significant experience in complex, regulated industries or consumer-facing businesses, Curran is tasked with navigating the unique challenges of the U.S. cannabis market. His role involves managing a substantial workforce of 888 employees across various facilities and dispensaries, ensuring operational efficiency and compliance.
Track Record: Under Dennis Curran's leadership, Acreage Holdings, Inc. has focused on maintaining and expanding its multi-state operational footprint within the U.S. cannabis sector. His strategic decisions have centered on navigating the intricate regulatory landscape and striving towards achieving profitability in a highly competitive market. Key initiatives have likely included efforts to streamline operations, enhance product offerings, and adapt to evolving consumer demands. His tenure is marked by the ongoing challenge of transforming the company's significant infrastructure into a consistently profitable enterprise amidst industry-specific headwinds.
ACRDF OTC Market Information
Acreage Holdings, Inc.'s listing on the OTC Other tier signifies that it trades on the lowest and most speculative tier of the OTC Markets Group's three marketplaces. Unlike companies on the NYSE or NASDAQ, which must meet stringent financial and governance requirements, companies on the OTC Other tier have minimal public disclosure obligations. This tier is often home to shell companies, distressed firms, or those with limited financial information, posing substantial risks to investors. It contrasts sharply with the OTCQX and OTCQB tiers, which have higher financial standards and reporting requirements, offering greater transparency than the OTC Other tier.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- **Limited Transparency:** Unknown disclosure status means investors lack access to critical financial and operational information.
- **Low Liquidity:** Difficulty in buying or selling shares quickly and at fair prices due to low trading volumes and wide bid-ask spreads.
- **Increased Volatility:** Stocks on the OTC Other tier are often highly speculative and subject to extreme price fluctuations.
- **Fraud Risk:** The lack of regulatory oversight and disclosure requirements increases the potential for fraudulent activities or misleading information.
- **Difficulty in Valuation:** Limited financial data makes it challenging for investors to accurately assess the company's intrinsic value.
- Verify the company's current operational status and physical assets through independent sources.
- Seek out any available, albeit limited, financial statements or press releases directly from the company.
- Research the background and track record of the management team beyond what is publicly stated.
- Assess the current regulatory environment in the states where the company operates.
- Evaluate the company's competitive position and market share within its licensed territories.
- Understand the potential for dilution from future capital raises or debt conversions.
- Consider the long-term viability of the cannabis industry given federal prohibition.
- The company is headquartered in New York City, US, a major financial hub.
- It has a stated number of employees (888), suggesting active operations.
- The business description outlines specific activities like cultivation, processing, and retail.
- The company was founded in 2014, indicating a sustained operational history.
- Mention of a multi-state operational footprint suggests tangible assets and licenses.
Common Questions About ACRDF (Healthcare)
What does Acreage Holdings, Inc. do?
Acreage Holdings, Inc. operates as a vertically integrated cannabis company within the United States. Its core business involves the cultivation of cannabis in its state-licensed facilities, the processing of raw cannabis into various product forms such as edibles, vapes, and concentrates, and the retail distribution of these products through its network of dispensaries. The company's strategy is built upon establishing a multi-state operational footprint, enabling it to participate in different legal cannabis markets across the country. This comprehensive approach allows Acreage to manage the entire supply chain from production to consumer sales, aiming to capture value at each stage while navigating the complex regulatory environment specific to each state.
How does Acreage Holdings, Inc. generate revenue in the cannabis sector?
Acreage Holdings, Inc. primarily generates revenue through the sale of cannabis products to consumers and potentially to other licensed businesses. This revenue stream is diversified across various product categories, including cannabis flower, concentrates, edibles, and other infused products, which are sold directly through the company's owned and operated retail dispensaries. The company's multi-state operational model allows it to tap into different legal markets, each with its own consumer base and demand characteristics. By controlling the entire vertical process from cultivation to retail, Acreage aims to maximize its revenue potential by ensuring product quality, managing inventory effectively, and responding to market trends within its licensed jurisdictions.
What are the challenges associated with Acreage Holdings, Inc.'s OTC Other listing?
Acreage Holdings, Inc.'s listing on the OTC Other tier presents several significant challenges for investors. Firstly, the 'Unknown' disclosure status implies a severe lack of transparency, making it difficult to access reliable financial reports or critical company information, which hinders informed investment decisions. Secondly, this tier is notorious for extremely limited liquidity, meaning shares may be hard to buy or sell without causing substantial price movements, often accompanied by wide bid-ask spreads that increase transaction costs. Lastly, the OTC Other tier is associated with higher speculative risk and volatility, as it lacks the stringent oversight and listing requirements of major exchanges like the NYSE or NASDAQ, exposing investors to greater potential for price manipulation and less reliable corporate governance.
What are the main risks for ACRDF?
Acreage Holdings, Inc. faces several prominent risks, primarily stemming from its operational status and market listing. A significant ongoing risk is its persistent unprofitability, as indicated by a -30.9% profit margin, which raises concerns about its long-term financial viability and potential need for further capital. The company also operates within a highly challenging and evolving U.S. cannabis regulatory landscape, where federal prohibition complicates banking, taxation, and interstate commerce, creating operational hurdles. Furthermore, its listing on the OTC Other tier exposes investors to substantial risks including limited transparency, low trading liquidity, and increased stock price volatility, making it a highly speculative investment with inherent difficulties in valuation and exit strategies.
What are the key factors to evaluate for ACRDF?
Acreage Holdings, Inc. (ACRDF) holds an AI score of 41/100 (low). Not financial advice.
How frequently does ACRDF data refresh on this page?
ACRDF prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven ACRDF's recent stock price performance?
Acreage Holdings, Inc. (ACRDF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Established multi-state operational footprint in the U.S. cannabis market. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider ACRDF overvalued or undervalued right now?
Valuing Acreage Holdings, Inc. (ACRDF) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
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- Growth opportunities and SWOT analysis were inferred directly from the company's stated business model and AI insights, without introducing external information.
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