Acreage Holdings, Inc. (OTCQX: ACRHF) (OTCQX: ACRDF) (CSE:ACRG.A.U) (CSE:ACRG.B.U) released its financial results for the first quarter ended March 31, 2023, revealing total revenue of $56.0 million, a decrease of 1.6% compared to $56.9 million in the Q1 2022 and a decrease of 2.6% compared to $57.5 million in Q4 2022.

The year-over-year and sequential decreases were primarily due to continued industry headwinds and decreased pricing as a result of competitive pressures across various markets. Additionally, the year-over-year decrease was also due to the divestiture of the company’s operations in Oregon and was somewhat offset by the acquisition of a Maine dispensary in 2022. After adjusting for acquisitions and divestitures, revenue for Q1 2023 was relatively consistent with Q1 2022.

Q1 2023 Financial Highlights

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