Multistate cannabis firm Acreage reports first-quarter net loss of $31.2 million

Be at the forefront of cannabis and psychedelics science and innovation. Register by March 14 & Save $100 on tickets to The Emerald Conference by MJBiz Science, April 1-3 in San Diego.

Acreage Holdings, a New York-based multistate cannabis operator, reported quarterly revenues of $12.9 million for the three months ended March 31, 2019.

The company also reported a net loss for the period of $31.2 million.

The company did not disclose in its news release how this compared to revenue and profit/loss for the year-ago period.

Acreage, which last month agreed to be acquired by Canadian giant Canopy Growth once cannabis is fully legalized in the United States, trades on the Canadian Securities Exchange under the ticker symbol ACRG.

More details about the results can be found here.

For more analysis and in-depth looks at the investment trends and deals driving the cannabis industry forward, sign up for our new premium subscription service, Investor Intelligence.