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Acreage Holdings Inc (OTCMKTS: ACRGF) Stock Forecast – 2019 Set to be a Big Year

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Acreage Holdings

Acreage Holdings Inc (OTCMKTS: ACRGF) is an investment firm headquartered in New York City and has several operations for cannabis. The firm went public in November 2018 on the Canadian stock exchange.

Acreage Holdings Stock Price Analysis

Acreage Holdings has a market cap of about $2.5 billion and owns a portfolio of marijuana cultivation, processing as well as dispensing operations in the United States.

Acreage Holdings’ price has been going down (even though it was trading higher at $24.24 at the beginning of the year). Currently, the stock’s price stands at $18.86 although it’s inevitable that the price would start getting up
shortly.

ACRGF price today.

How Has the Stock Performed?

Year to date, Acreage has gained more than 18.3% which is impressive given the fact that the company is still on the move going forward. Currently, the firm has cultivation, processing as well as dispensing operations across 14 states in the US.

The company started 2019 with a bang with the stock going up, and later it qualified to get listed on OTCQX marketplace, which happens to be reserved for firms with massive financial standards.

Subsequently, the cannabis firm completed the acquisition of Nature’s Way Nursery of Miami which is a Florida-based marijuana company. All the developments contributed to its rise in stock at that time. Although the price is relatively down at the moment, it’s inevitable that soon it will again start the upward trajectory.

Who hasn’t heard of the Canopy-Acreage deal?

Evidently, more and more significant deals take place in the cannabis industry, and the latest one is the deal between Acreage Holdings Inc. and Canopy Growth Corp. It’s far too way challenging to look at Acreage-Canopy deal and fail to see CGC as the winner. However, ACRGF will welcome the deal as there’s an influx of cash.

What about the letter of intent?

Acreage holdings and green acreage Real Estate Corp. entered into a partnership whereby GARE would purchase as well as lease back the Acreage marijuana-related real estate assets.

Will Acreage Holdings Rise?

Acreage Holdings has shown robust revenue growth alongside plowing money back into business for future expansion. With total cash at hand of more than $74 million, the company has sufficient enough funds for additional acquisitions as it seeks to boost production as well as its dispensary footprint.

Besides, the general cannabis industry is on an upward trajectory in 2019, and Acreage Holdings is without a day on the same path.

To ensure that it continues to rise, recently, the firm began Form Factory operations in the new Oakland facility whereby it plans to manufacture both the internal brands like Natural Wonder as well as external brands.

As it looks, the company’s strategy is designed in that it stays replicable hence promising a smooth way for expanding operations so as to meet the ever-increasing demand for cannabis.

Towards last year the firm opened 3 new dispensaries in Q4, and by March this year it had ramped up several store openings with an additional five stores. In the next quarter, revenue is expected to grow by 20%.

Ignoring the Loss

In Q4 2018, Acreage Holdings realized a net loss of $218 million, but almost $200 million was from unrealized losses on the derivatives as well as non-cash stock compensation. In general, the firm lost $10 million on revenue of $23 million.

Bottom Line

The consensus is that Acreage is well-positioned to turn the tables regarding the price and support consolidation of the highly-consolidated marijuana market that is promising stronger growth onward. Undoubtedly, the firm has strong management with the latest addition of John Boehner, former Speaker of the U.S. House of Representatives, to the board of directors.

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Disclosure: We have no position in ACRGF and have not been compensated for this article.

Image courtesy of Pexels

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Is Neptune Wellness Solutions Inc (TSE:NEPT)(NASDAQ:NEPT) A Good Bet Right Now?

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Neptune Wellness Solutions

There is no doubt 2019 was a tough year for the hemp/cannabis businesses. However, there are a few hemp/cannabis stocks that still managed to make their investors proud. Neptune Wellness Solutions Inc (TSE:NEPT)(NASDAQ:NEPT) is one of those stocks. Investors who put their bet on Neptune at a time like this saw their investment increase 130% by July of last year.

Neptune Wellness Solutions is already off to a strong start in 2020. The stock has gained more than 15% in the past week alone. Looking at how Neptune has positioned itself in the hemp/cannabis market, you cannot dispute 2020 is shaping up to be a great year for the stock. Then you notice that Neptune insiders are deeply invested in the stock. Insiders own more than 17% of all shares in the company. The company’s market cap of $280 million shows that insiders alone have sunk $48 million in the stock.

You are about to find out more reasons why Neptune Wellness Solutions looks to be a good pick right now. But first, here’s what you should know about the company we’re discussing.

About Neptune Wellness Solutions

Neptune Wellness Solutions has been around since 1998 and is headquartered in Laval, Canada. It is engaged in the extraction, formulation, and packaging of value-added cannabis products for both Canadian and global markets.

This is shaping up to be Neptune’s year for a number of…

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Is Tetra Bio-Pharma (CVE:TBP) (OTCMKTS:TBPMF) A Smart Pick?

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Tetra Bio-Pharma

Investors will remember that 2019 wasn’t a great year for cannabis stocks, especially Canadian stocks. Issues from uncertainty over Canada’s national elections to shortage of cannabis retail stores in Ontario greatly weighed on Canadian cannabis stocks last year. These problems are largely out of the way and investors can now spot cannabis stocks with a promising outlook in 2020. Tetra Bio-Pharma (CVE:TBP) (OTCMKTS:TBPMF) is one play poised for a big breakout in 2020 as its drug products go on sale.

Tetra Bio-Pharma is one of the most promising cannabis stocks in 2020 and investors have really warmed up to the stock. At $0.50, Tetra stock has already gained more than 60% year-to-date. But that is just the beginning and we feel there is a great story to tell here. First, however, it is important for investors to understand the company we’re discussing.

About Tetra Bio-Pharma

For investors who may have just come across Tetra Bio-Pharma for the very first time, this is a Canadian cannabis company. It is focused on developing cannabis-based drugs for a variety of conditions, including cancer.

Tetra Bio-Pharma about to begin commercializing its drug products

As a drug company, Tetra Bio-Pharma is insulated from many challenges that face conventional cannabis companies. For example, companies that make adult-use cannabis products must cope with cutthroat competition in the market. Moreover, Canadian cannabis companies have Continue Reading

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Why Investors Are Warming Up To Fire & Flower Holdings Corp (TSE:FAF) (OTCMKTS:FFLWF)

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Fire & Flower Holdings

The disastrous 2019 taught investors the importance of carefully screening cannabis stocks for great picks that can withstand industrywide shocks. That explains why investors are warming up to Fire & Flower Holdings Corp (TSE:FAF) (OTCMKTS:FFLWF) in 2020.

Fire & Flower Holdings has positioned itself to take full advantage of the recently expanded cannabis market under Cannabis 2.0. Investors are realizing that FFLWF is one pick that can make a huge difference in their cannabis portfolio. Fire & Flower Holdings has already gained more than 25% year-to-date, a testament to the strong investor interest in the stock in 2020.

About Fire & Flower Holdings

Fire & Flower Holdings is a Canadian cannabis company. It operates as a cannabis product retail chain. It operates a network of dozens of cannabis retail outlets in Canada. FFLWF currently has licenses to operate cannabis retail stores in Alberta and Saskatchewan provinces. In addition, it runs a cannabis distributor business in Saskatchewan.

Investors will no doubt remember that 2019 was a tough year for the cannabis sector, with a widespread collapse of many cannabis stocks big and small. That shows why in 2020 investors are looking for cannabis stocks that can deliver excellent returns and make them forget the pain of the past year. FFLWF has emerged as one of the favorite cannabis stock picks for investors early on in 2020. There are several reasons behind that and here are…

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