Share Price & News
How has Acreage Holdings's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ACRG.U's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: ACRG.U underperformed the Canadian Pharmaceuticals industry which returned -74.3% over the past year.
Return vs Market: ACRG.U underperformed the Canadian Market which returned -24.5% over the past year.
Price Volatility Vs. Market
How volatile is Acreage Holdings's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Acreage Holdings undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ACRG.U ($2.39) is trading below our estimate of fair value ($3.86)
Significantly Below Fair Value: ACRG.U is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ACRG.U is unprofitable, so we can't compare its PE Ratio to the Pharmaceuticals industry average.
PE vs Market: ACRG.U is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ACRG.U's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ACRG.U is good value based on its PB Ratio (0.5x) compared to the CA Pharmaceuticals industry average (0.9x).
How is Acreage Holdings forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ACRG.U is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.4%).
Earnings vs Market: ACRG.U is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: ACRG.U's is expected to become profitable in the next 3 years.
Revenue vs Market: ACRG.U's revenue (71.8% per year) is forecast to grow faster than the Canadian market (3.8% per year).
High Growth Revenue: ACRG.U's revenue (71.8% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if ACRG.U's Return on Equity is forecast to be high in 3 years time
How has Acreage Holdings performed over the past 5 years?
Last years earnings growth
Earnings and Revenue History
Quality Earnings: ACRG.U is currently unprofitable.
Growing Profit Margin: ACRG.U is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if ACRG.U's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Unable to compare ACRG.U's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: ACRG.U is unprofitable, making it difficult to compare its past year earnings growth to the Pharmaceuticals industry (-9.9%).
Return on Equity
High ROE: ACRG.U has a negative Return on Equity (-34.91%), as it is currently unprofitable.
How is Acreage Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: ACRG.U's short term assets ($92.8M) exceed its short term liabilities ($21.5M).
Long Term Liabilities: ACRG.U's short term assets ($92.8M) exceed its long term liabilities ($91.0M).
Debt to Equity History and Analysis
Debt Level: ACRG.U's debt to equity ratio (0.6%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if ACRG.U's debt to equity ratio has reduced over the past 5 years.
Inventory Level: ACRG.U has a high level of physical assets or inventory.
Debt Coverage by Assets: ACRG.U's debt is covered by short term assets (assets are 26.8x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: ACRG.U has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: ACRG.U has less than a year of cash runway if free cash flow continues to reduce at historical rates of -76.5% each year
What is Acreage Holdings's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ACRG.U's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate ACRG.U's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ACRG.U's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ACRG.U's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ACRG.U's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Kevin Murphy (56yo)
Mr. Kevin P. Murphy is a Founder of Acreage Holdings, Inc. and has been its Chief Executive Officer since April 2014 and was its President since April 18, 2019. He has been President of Acreage Holdings, I ...
CEO Compensation Analysis
Compensation vs Market: Kevin's total compensation ($USD10.47M) is above average for companies of similar size in the Canadian market ($USD1.23M).
Compensation vs Earnings: Insufficient data to compare Kevin's compensation with company performance.
|Founder||no data||US$10.47m||4.78% $15.1m|
|Chief Financial Officer||2yrs||US$4.83m||1.49% $4.7m|
|Chief Operating Officer||1.58yrs||US$4.84m||1.95% $6.2m|
|General Counsel||1.25yrs||US$4.79m||0.11% $336.1k|
|Senior VP & Chief Information Officer||0.67yr||no data||no data|
|Executive VP||0.58yr||no data||no data|
|Vice President of Communications||1.58yrs||no data||no data|
|Vice President of Investor Relations||no data||no data||no data|
|Vice President of Investor Relations||0.83yr||no data||no data|
|Chief Medical Officer||0.83yr||no data||no data|
Experienced Management: ACRG.U's management team is not considered experienced ( 1 years average tenure), which suggests a new team.
|Founder||no data||US$10.47m||4.78% $15.1m|
|Independent Director||1.25yrs||US$3.99m||0.33% $1.1m|
|Lead Independent Director||1.25yrs||US$3.99m||0.032% $99.6k|
|Director||1.25yrs||no data||no data|
Experienced Board: ACRG.U's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ACRG.U insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 29.3%.
Acreage Holdings, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Acreage Holdings, Inc.
- Ticker: ACRG.U
- Exchange: CNSX
- Founded: 2014
- Industry: Pharmaceuticals
- Sector: Pharmaceuticals & Biotech
- Implied Market Cap: US$316.053m
- Market Cap: US$216.924m
- Shares outstanding: 119.72m
- Website: https://www.acreageholdings.com
- Acreage Holdings, Inc.
- 366 Madison Avenue
- 11th Floor
- New York
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ACRG.U||CNSX (Canadian National Stock Exchange)||Yes||Subordinate Voting Shares||CA||USD||Nov 2018|
|ACRG.F||OTCPK (Pink Sheets LLC)||Yes||Subordinate Voting Shares||US||USD||Nov 2018|
|0VZ||DB (Deutsche Boerse AG)||Yes||Subordinate Voting Shares||DE||EUR||Nov 2018|
Acreage Holdings, Inc., formerly High Street Capital Partners, is a principal investment firm specializing in cannabis industry. Acreage Holdings, Inc. was founded in 2014 and is based in New York, New York.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/31 01:42|
|End of Day Share Price||2020/03/30 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.