Acreage Holdings, Inc. (ACRDF) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
366 MADISON AVENUE, 14TH FLOOR NEW YORK, NY 10017 |
| State of Incorp. | BC |
| Fiscal Year End | December 31 |
| Industry (SIC) | 59 - Miscellaneous Retail (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 13,631 | 24,067 | 43,180 | 32,542 | 26,505 | |||
| Cash and cash equivalent | 13,631 | 24,067 | 43,180 | 32,542 | 26,505 | |||
| Restricted cash and investments | 3,984 | 1,098 | 22,097 | 95 | ||||
| Receivables | 8,459 | 39,703 | 15,306 | 2,032 | 2,146 | |||
| Inventory, net of allowances, customer advances and progress billings | 47,675 | 49,446 | 41,804 | 23,715 | 18,083 | |||
| Inventory | 47,675 | 49,446 | 41,804 | 23,715 | 18,083 | |||
| Disposal group, including discontinued operation | 6,028 | 8,952 | 62,971 | |||||
| Other current assets | 2,136 | 4,977 | 2,639 | 4,663 | 8,506 | |||
| Other undisclosed current assets | ||||||||
| Total current assets: | 81,913 | 118,193 | 112,979 | 148,020 | 55,335 | |||
| Noncurrent Assets | ||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 6,183 | 4,269 | 4,522 | 4,776 | ||||
| Operating lease, right-of-use asset | 17,531 | 22,443 | 24,598 | 17,247 | 51,950 | |||
| Property, plant and equipment | 106,047 | |||||||
| Long-term investments and receivables | 33,170 | 34,046 | 62,789 | 132,027 | 83,978 | |||
| Long-term investments | 33,170 | 34,046 | 35,226 | 34,126 | 4,499 | |||
| Accounts and financing receivable, after allowance for credit loss | 27,563 | 97,901 | 79,479 | |||||
| Intangible assets, net (including goodwill) | 44,390 | 48,885 | 163,005 | 170,905 | 391,729 | |||
| Goodwill | 13,346 | 13,761 | 43,310 | 31,922 | 105,757 | |||
| Intangible assets, net (excluding goodwill) | 31,044 | 35,124 | 119,695 | 138,983 | 285,972 | |||
| Other noncurrent assets | 1,558 | 3,601 | 1,383 | 4,718 | 2,638 | |||
| Other undisclosed noncurrent assets | 135,549 | 129,136 | 122,275 | 84,360 | ||||
| Total noncurrent assets: | 238,381 | 242,380 | 378,572 | 414,033 | 636,342 | |||
| TOTAL ASSETS: | 320,294 | 360,573 | 491,551 | 562,053 | 691,677 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities, including: | 29,936 | 29,566 | 23,861 | 18,913 | 32,459 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 1,432 | 3,504 | 291 | ||
| Taxes payable | ✕ | ✕ | ✕ | 24,572 | 14,780 | 4,740 | ||
| Accrued liabilities | 16,934 | 26,801 | ||||||
| Other undisclosed accounts payable and accrued liabilities | 13,002 | 2,765 | (2,143) | 629 | 27,428 | |||
| Debt | 4,132 | 1,584 | 1,583 | 27,139 | 15,300 | |||
| Disposal group, including discontinued operation | 2,253 | 1,867 | 18,154 | |||||
| Liabilities of business transferred under contractual arrangement | 917 | |||||||
| Other liabilities | 2,011 | 11,939 | 10,333 | 13,010 | 1,604 | |||
| Other undisclosed current liabilities | 19,391 | 29,244 | 29,149 | 19,609 | 7,790 | |||
| Total current liabilities: | 57,723 | 72,333 | 66,793 | 97,742 | 57,153 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation, including: | 232,810 | 213,496 | 193,406 | 21,783 | 53,605 | |||
| Long-term debt, excluding current maturities | 213,496 | 169,151 | ||||||
| Finance lease, liability | 5,827 | 5,174 | 6,083 | |||||
| Other undisclosed long-term debt and lease obligation | 226,983 | |||||||
| Liabilities, other than long-term debt | 68,790 | 34,565 | 27,082 | 34,675 | 25 | |||
| Deferred income tax liabilities | 10,584 | 9,623 | 27,082 | 34,673 | ||||
| Liability for uncertainty in income taxes | 39,859 | |||||||
| Other liabilities | 1,054 | 3,250 | 2 | 25 | ||||
| Operating lease, liability | 17,293 | 21,692 | 24,255 | 16,609 | 47,522 | |||
| Other undisclosed noncurrent liabilities | 148,144 | 86,100 | ||||||
| Total noncurrent liabilities: | 301,600 | 248,061 | 220,488 | 204,602 | 139,730 | |||
| Total liabilities: | 359,323 | 320,394 | 287,281 | 302,344 | 196,883 | |||
| Equity | ||||||||
| Equity, attributable to parent | (8,906) | 61,384 | 197,267 | 241,031 | 406,007 | |||
| Treasury stock, value | (21,054) | (21,054) | (21,054) | (21,054) | (21,054) | |||
| Additional paid in capital | 759,698 | 760,529 | 756,536 | 737,290 | 615,678 | |||
| Accumulated deficit | (747,550) | (678,091) | (538,215) | (475,205) | (188,617) | |||
| Equity, attributable to noncontrolling interest | (30,123) | (21,205) | 7,003 | 18,678 | 88,787 | |||
| Total equity: | (39,029) | 40,179 | 204,270 | 259,709 | 494,794 | |||
| TOTAL LIABILITIES AND EQUITY: | 320,294 | 360,573 | 491,551 | 562,053 | 691,677 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 223,378 | 237,138 | 188,859 | 114,545 | 74,109 | ||
| Cost of revenue (Cost of Product and Service Sold) | (137,733) | (135,393) | (92,977) | (65,387) | (43,665) | ||
| Gross profit: | 85,645 | 101,745 | 95,882 | 49,158 | 30,444 | ||
| Operating expenses | (116,770) | (244,838) | (142,953) | (413,969) | (221,888) | ||
| Operating loss: | (31,125) | (143,093) | (47,071) | (364,811) | (191,444) | ||
| Nonoperating income (expense) | (21,697) | (15,580) | (8,281) | (12,547) | 1,271 | ||
| Other nonoperating income (expense) | 12,442 | 6,596 | 10,408 | (3,487) | (1,033) | ||
| Interest and debt expense | (34,740) | (24,036) | (19,964) | (15,853) | (1,194) | ||
| Loss from continuing operations before equity method investments, income taxes: | (87,562) | (182,709) | (75,316) | (393,211) | (191,367) | ||
| Other undisclosed income from continuing operations before income taxes | 34,740 | 24,036 | 19,964 | 15,853 | 1,194 | ||
| Loss from continuing operations before income taxes: | (52,822) | (158,673) | (55,352) | (377,358) | (190,173) | ||
| Income tax expense (benefit) | (25,141) | (10,022) | (17,805) | 17,240 | (4,989) | ||
| Loss from continuing operations: | (77,963) | (168,695) | (73,157) | (360,118) | (195,162) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (73,157) | (360,118) | (195,162) | |
| Net loss: | (77,963) | (168,695) | (73,157) | (360,118) | (195,162) | ||
| Net income attributable to noncontrolling interest | 8,871 | 28,819 | 10,147 | 73,530 | 44,894 | ||
| Net loss available to common stockholders, diluted: | (69,092) | (139,876) | (63,010) | (286,588) | (150,268) | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|
| Net loss: | (77,963) | (168,695) | (73,157) | (360,118) | (195,162) | ||
| Comprehensive loss: | (77,963) | (168,695) | (73,157) | (360,118) | (195,162) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 8,871 | 28,819 | 10,147 | 73,530 | 44,894 | ||
| Comprehensive loss, net of tax, attributable to parent: | (69,092) | (139,876) | (63,010) | (286,588) | (150,268) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.