Cannabis producer Acreage fourth-quarter losses widen to $217.6 million
Acreage Holdings Inc. reported widening fourth quarter net losses of $217.6 million, or $2.63 a share, compared with losses of $4.8 million in the year-earlier quarter; the company did not issue a year-earlier per-share figure. The company said revenue grew to $10.5 million from $2.2 million in the year-ago period. The company does not have enough analyst coverage for FactSet to provide accurate consensus estimates. Acreage did not release financial tables with its earnings or a full management discussion and analysis. Acreage stock has fallen 1.7% in the past three months, as the ETFMG Alternative Harvest ETF , which tracks a basket of pot stocks, has gained 29%. Acreage stock does not trade after hours.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.