Comment by
Alex95 on Apr 19, 2020 3:10pm
They are so undervalued and not earning the respect they deserve. When they announced earnings they had about 27 million in cash. They have access to 30 million that they raised using equity and 100 million in debt financing. So you are right they have access to about 150 million in cash and will be enough to get through this. Acreage is safe.
Comment by
Easymoney123 on Apr 19, 2020 3:32pm
I also read that Acreage should have expected sales of 300 to 400 million in 2021 which is massive compared to their market cap of 143 million at the moment. Seems if revenue is anywhere close to 300 million this should easily have a market cap of 1 billion. Do you know if they have halted a lot of construction? Will that have a big impact to projected revenue in 2021?
Comment by
AD2780 on Apr 25, 2020 2:44pm
Yes. They have stopped construction on FL. 1 open dispensary. Paying rent on 11 locations. They furlough construction managers while keeping useless and incompetent executives. This group destroyed a golden opportunity in FL.