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Acreage Holdings Inc
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Let's analyse Acreage Holdings Inc together

PenkeI guess you are interested in Acreage Holdings Inc. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Acreage Holdings Inc. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Acreage Holdings Inc (30 sec.)










What can you expect buying and holding a share of Acreage Holdings Inc? (30 sec.)

How much money do you get?

How much money do you get?
$0.00
When do you have the money?
1 year
How often do you get paid?
0.0%

What is your share worth?

Current worth
$-0.04
Expected worth in 1 year
$-1.48
How sure are you?
5.9%

+ What do you gain per year?

Total Gains per Share
$-1.45
Return On Investment
-321.7%

For what price can you sell your share?

Current Price per Share
$0.45
Expected price per share
$0.241 - $0.55
How sure are you?
50%

1. Valuation of Acreage Holdings Inc (5 min.)




Live pricePrice per Share (EOD)

$0.45

Intrinsic Value Per Share

$-4.73 - $-5.43

Total Value Per Share

$-4.77 - $-5.46

2. Growth of Acreage Holdings Inc (5 min.)




Is Acreage Holdings Inc growing?

Current yearPrevious yearGrowGrow %
How rich?-$4.1m$184.2m-$168.3m-1,058.6%

How much money is Acreage Holdings Inc making?

Current yearPrevious yearGrowGrow %
Making money-$33.3m-$21.2m-$12m-36.1%
Net Profit Margin-58.2%-36.0%--

How much money comes from the company's main activities?

3. Financial Health of Acreage Holdings Inc (5 min.)




What can you expect buying and holding a share of Acreage Holdings Inc? (5 min.)

Welcome investor! Acreage Holdings Inc's management wants to use your money to grow the business. In return you get a share of Acreage Holdings Inc.

What can you expect buying and holding a share of Acreage Holdings Inc?

First you should know what it really means to hold a share of Acreage Holdings Inc. And how you can make/lose money.

Speculation

The Price per Share of Acreage Holdings Inc is $0.45. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Acreage Holdings Inc.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Acreage Holdings Inc, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $-0.04. Based on the TTM, the Book Value Change Per Share is $-0.36 per quarter. Based on the YOY, the Book Value Change Per Share is $-0.23 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Acreage Holdings Inc.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 $% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share$% of Price per Share
Usd Eps-0.07-15.0%-0.12-26.1%-0.20-43.6%-0.32-70.9%-0.32-70.9%
Usd Book Value Change Per Share-0.06-14.1%-0.36-80.4%-0.23-51.4%0.00-0.5%0.00-0.5%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share-0.06-14.1%-0.36-80.4%-0.23-51.4%0.00-0.5%0.00-0.5%
Usd Price Per Share0.33-0.38-1.15-1.35-1.35-
Price to Earnings Ratio-1.21--0.87--1.83--4.45--4.45-
Price-to-Total Gains Ratio-5.13--2.55--6.83--18.11--18.11-
Price to Book Ratio-8.78-0.38-0.65-0.64-0.64-
Price-to-Total Gains Ratio-5.13--2.55--6.83--18.11--18.11-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.45
Number of shares2222
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share-0.360.00
Usd Total Gains Per Share-0.360.00
Gains per Quarter (2222 shares)-804.21-4.85
Gains per Year (2222 shares)-3,216.83-19.41
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
10-3217-32270-19-29
20-6434-64440-39-48
30-9650-96610-58-67
40-12867-128780-78-86
50-16084-160950-97-105
60-19301-193120-116-124
70-22518-225290-136-143
80-25735-257460-155-162
90-28951-289630-175-181
100-32168-321800-194-200

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.04.00.00.0%0.012.00.00.0%0.017.00.00.0%0.017.00.00.0%0.017.00.00.0%
Book Value Change Per Share0.04.00.00.0%0.012.00.00.0%1.016.00.05.9%1.016.00.05.9%1.016.00.05.9%
Dividend per Share0.00.04.00.0%0.00.012.00.0%0.00.017.00.0%0.00.017.00.0%0.00.017.00.0%
Total Gains per Share0.04.00.00.0%0.012.00.00.0%1.016.00.05.9%1.016.00.05.9%1.016.00.05.9%

Fundamentals of Acreage Holdings Inc

About Acreage Holdings Inc

Acreage Holdings, Inc. operates in cannabis industry in the United States. It is involved in cultivating and processing cannabis plants; manufacturing branded consumer products; distributing cannabis flower and manufactured products; and retailing dosable cannabis products to consumers. The company's products appeal to medical and adult recreational use customers. Acreage Holdings, Inc. was founded in 2011 and is based in New York, New York.

Fundamental data was last updated by Penke on 2024-03-28 10:42:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very inefficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Acreage Holdings Inc.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Acreage Holdings Inc earns for each $1 of revenue.

  • Above 10% is considered healthy but always compare Acreage Holdings Inc to the Drug Manufacturers - Specialty & Generic industry mean.
  • A Net Profit Margin of -13.5% means that $-0.13 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Acreage Holdings Inc:

  • The MRQ is -13.5%. The company is making a huge loss. -2
  • The TTM is -58.2%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-13.5%TTM-58.2%+44.7%
TTM-58.2%YOY-36.0%-22.1%
TTM-58.2%5Y-114.6%+56.4%
5Y-114.6%10Y-114.6%0.0%
1.1.2. Return on Assets

Shows how efficient Acreage Holdings Inc is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Acreage Holdings Inc to the Drug Manufacturers - Specialty & Generic industry mean.
  • -2.1% Return on Assets means that Acreage Holdings Inc generated $-0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Acreage Holdings Inc:

  • The MRQ is -2.1%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -9.3%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-2.1%TTM-9.3%+7.2%
TTM-9.3%YOY-4.3%-5.0%
TTM-9.3%5Y-7.3%-2.0%
5Y-7.3%10Y-7.3%0.0%
1.1.3. Return on Equity

Shows how efficient Acreage Holdings Inc is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Acreage Holdings Inc to the Drug Manufacturers - Specialty & Generic industry mean.
  • -36.2% Return on Equity means Acreage Holdings Inc generated $-0.36 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Acreage Holdings Inc:

  • The MRQ is -36.2%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -69.7%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-36.2%TTM-69.7%+33.4%
TTM-69.7%YOY-11.7%-57.9%
TTM-69.7%5Y-27.1%-42.5%
5Y-27.1%10Y-27.1%0.0%

1.2. Operating Efficiency of Acreage Holdings Inc.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Acreage Holdings Inc is operating .

  • Measures how much profit Acreage Holdings Inc makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Acreage Holdings Inc to the Drug Manufacturers - Specialty & Generic industry mean.
  • An Operating Margin of 0.0% means the company generated $0.00  for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Acreage Holdings Inc:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-1.0%+1.0%
TTM-1.0%YOY-19.0%+18.0%
TTM-1.0%5Y-114.6%+113.6%
5Y-114.6%10Y-114.6%0.0%
1.2.2. Operating Ratio

Measures how efficient Acreage Holdings Inc is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Drug Manufacturers - Specialty & Generic industry mean).
  • An Operation Ratio of 1.67 means that the operating costs are $1.67 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Acreage Holdings Inc:

  • The MRQ is 1.668. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.526. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.668TTM1.526+0.142
TTM1.526YOY1.219+0.307
TTM1.5265Y1.984-0.459
5Y1.98410Y1.9840.000

1.3. Liquidity of Acreage Holdings Inc.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Acreage Holdings Inc is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Drug Manufacturers - Specialty & Generic industry mean).
  • A Current Ratio of 0.93 means the company has $0.93 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Acreage Holdings Inc:

  • The MRQ is 0.928. The company is just not able to pay all its short-term debts. -1
  • The TTM is 1.163. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ0.928TTM1.163-0.235
TTM1.163YOY1.414-0.252
TTM1.1635Y1.423-0.260
5Y1.42310Y1.4230.000
1.3.2. Quick Ratio

Measures if Acreage Holdings Inc is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Acreage Holdings Inc to the Drug Manufacturers - Specialty & Generic industry mean.
  • A Quick Ratio of 0.09 means the company can pay off $0.09 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Acreage Holdings Inc:

  • The MRQ is 0.085. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.157. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.085TTM0.157-0.071
TTM0.157YOY0.665-0.509
TTM0.1575Y0.287-0.131
5Y0.28710Y0.2870.000

1.4. Solvency of Acreage Holdings Inc.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Acreage Holdings Inc assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Acreage Holdings Inc to Drug Manufacturers - Specialty & Generic industry mean.
  • A Debt to Asset Ratio of 1.01 means that Acreage Holdings Inc assets are financed with 101.2% credit (debt) and the remaining percentage (100% - 101.2%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Acreage Holdings Inc:

  • The MRQ is 1.012. The company is just not able to pay all its debts by selling its assets. -1
  • The TTM is 0.955. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ1.012TTM0.955+0.056
TTM0.955YOY0.625+0.330
TTM0.9555Y0.600+0.355
5Y0.60010Y0.6000.000
1.4.2. Debt to Equity Ratio

Measures if Acreage Holdings Inc is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Acreage Holdings Inc to the Drug Manufacturers - Specialty & Generic industry mean.
  • A Debt to Equity ratio of 1,711.3% means that company has $17.11 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Acreage Holdings Inc:

  • The MRQ is 17.113. The company is unable to pay all its debts with equity. -1
  • The TTM is 10.425. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ17.113TTM10.425+6.688
TTM10.425YOY1.726+8.699
TTM10.4255Y3.344+7.081
5Y3.34410Y3.3440.000

2. Market Valuation of Acreage Holdings Inc

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Acreage Holdings Inc generates.

  • Above 15 is considered overpriced but always compare Acreage Holdings Inc to the Drug Manufacturers - Specialty & Generic industry mean.
  • A PE ratio of -1.21 means the investor is paying $-1.21 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Acreage Holdings Inc:

  • The EOD is -1.668. Based on the earnings, the company is expensive. -2
  • The MRQ is -1.209. Based on the earnings, the company is expensive. -2
  • The TTM is -0.873. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-1.668MRQ-1.209-0.460
MRQ-1.209TTM-0.873-0.336
TTM-0.873YOY-1.834+0.961
TTM-0.8735Y-4.449+3.577
5Y-4.44910Y-4.4490.000
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Acreage Holdings Inc:

  • The EOD is -2.208. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -1.600. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -1.047. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-2.208MRQ-1.600-0.608
MRQ-1.600TTM-1.047-0.553
TTM-1.047YOY-1.912+0.866
TTM-1.0475Y-3.305+2.258
5Y-3.30510Y-3.3050.000
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Acreage Holdings Inc is to cheap or to expensive compared to its book value.

Let's take a look of the Price to Book Ratio trends of Acreage Holdings Inc:

  • The EOD is -12.122. Based on the equity, the company is expensive. -2
  • The MRQ is -8.782. Based on the equity, the company is expensive. -2
  • The TTM is 0.382. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD-12.122MRQ-8.782-3.340
MRQ-8.782TTM0.382-9.164
TTM0.382YOY0.654-0.271
TTM0.3825Y0.638-0.256
5Y0.63810Y0.6380.000
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Acreage Holdings Inc compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---0.064-0.362+470%-0.231+264%-0.002-97%-0.002-97%
Book Value Per Share---0.0370.142-126%1.695-102%2.300-102%2.300-102%
Current Ratio--0.9281.163-20%1.414-34%1.423-35%1.423-35%
Debt To Asset Ratio--1.0120.955+6%0.625+62%0.600+69%0.600+69%
Debt To Equity Ratio--17.11310.425+64%1.726+892%3.344+412%3.344+412%
Dividend Per Share----0%-0%-0%-0%
Eps---0.067-0.118+74%-0.196+191%-0.319+373%-0.319+373%
Free Cash Flow Per Share---0.051-0.110+117%-0.166+225%-0.181+256%-0.181+256%
Free Cash Flow To Equity Per Share---0.052-0.014-73%-0.059+14%-0.039-26%-0.039-26%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---5.428--------
Intrinsic Value_10Y_min---4.729--------
Intrinsic Value_1Y_max---0.606--------
Intrinsic Value_1Y_min---0.595--------
Intrinsic Value_3Y_max---1.773--------
Intrinsic Value_3Y_min---1.693--------
Intrinsic Value_5Y_max---2.883--------
Intrinsic Value_5Y_min---2.680--------
Market Cap35579250.000-4%36865710.00042977174.000-14%124308502.500-70%141758259.824-74%141758259.824-74%
Net Profit Margin---0.135-0.582+331%-0.360+167%-1.146+749%-1.146+749%
Operating Margin----0.0100%-0.1900%-1.1460%-1.1460%
Operating Ratio--1.6681.526+9%1.219+37%1.984-16%1.984-16%
Pb Ratio-12.122-38%-8.7820.382-2397%0.654-1444%0.638-1476%0.638-1476%
Pe Ratio-1.668-38%-1.209-0.873-28%-1.834+52%-4.449+268%-4.449+268%
Price Per Share0.450+28%0.3260.382-15%1.151-72%1.349-76%1.349-76%
Price To Free Cash Flow Ratio-2.208-38%-1.600-1.047-35%-1.912+20%-3.305+107%-3.305+107%
Price To Total Gains Ratio-7.084-38%-5.132-2.547-50%-6.830+33%-18.113+253%-18.113+253%
Quick Ratio--0.0850.157-46%0.665-87%0.287-70%0.287-70%
Return On Assets---0.021-0.093+334%-0.043+103%-0.073+242%-0.073+242%
Return On Equity---0.362-0.697+92%-0.117-68%-0.271-25%-0.271-25%
Total Gains Per Share---0.064-0.362+470%-0.231+264%-0.002-97%-0.002-97%
Usd Book Value---4198000.00015903750.000-126%184254500.000-102%223867705.882-102%223867705.882-102%
Usd Book Value Change Per Share---0.064-0.362+470%-0.231+264%-0.002-97%-0.002-97%
Usd Book Value Per Share---0.0370.142-126%1.695-102%2.300-102%2.300-102%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps---0.067-0.118+74%-0.196+191%-0.319+373%-0.319+373%
Usd Free Cash Flow---5762000.000-12405750.000+115%-17921750.000+211%-18263764.706+217%-18263764.706+217%
Usd Free Cash Flow Per Share---0.051-0.110+117%-0.166+225%-0.181+256%-0.181+256%
Usd Free Cash Flow To Equity Per Share---0.052-0.014-73%-0.059+14%-0.039-26%-0.039-26%
Usd Market Cap35579250.000-4%36865710.00042977174.000-14%124308502.500-70%141758259.824-74%141758259.824-74%
Usd Price Per Share0.450+28%0.3260.382-15%1.151-72%1.349-76%1.349-76%
Usd Profit---7625000.000-33352500.000+337%-21297000.000+179%-36480058.824+378%-36480058.824+378%
Usd Revenue--56502000.00057017250.000-1%59436750.000-5%44387588.235+27%44387588.235+27%
Usd Total Gains Per Share---0.064-0.362+470%-0.231+264%-0.002-97%-0.002-97%
 EOD+4 -4MRQTTM+17 -15YOY+17 -155Y+13 -1910Y+13 -19

3.2. Fundamental Score

Let's check the fundamental score of Acreage Holdings Inc based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-1.668
Price to Book Ratio (EOD)Between0-1-12.122
Net Profit Margin (MRQ)Greater than0-0.135
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.085
Current Ratio (MRQ)Greater than10.928
Debt to Asset Ratio (MRQ)Less than11.012
Debt to Equity Ratio (MRQ)Less than117.113
Return on Equity (MRQ)Greater than0.15-0.362
Return on Assets (MRQ)Greater than0.05-0.021
Total0/10 (0.0%)

3.3. Technical Score

Let's check the technical score of Acreage Holdings Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5086.236
Ma 20Greater thanMa 500.231
Ma 50Greater thanMa 1000.192
Ma 100Greater thanMa 2000.179
OpenGreater thanClose0.421
Total3/5 (60.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2022-09-302022-12-312023-03-312023-06-302023-09-30
Reconciled Depreciation  3,010-2082,802-1,8059976,6457,642-9,591-1,949
Total Other Income Expense Net -2,965-114,104-117,069115,174-1,89515-1,88012,14910,269



Latest Balance Sheet

Balance Sheet of 2023-09-30. Currency in USD. All numbers in thousands.

Summary
Total Assets355,784
Total Liabilities359,982
Total Stockholder Equity21,035
 As reported
Total Liabilities 359,982
Total Stockholder Equity+ 21,035
Total Assets = 355,784

Assets

Total Assets355,784
Total Current Assets89,679
Long-term Assets266,105
Total Current Assets
Cash And Cash Equivalents 15,142
Net Receivables 8,242
Inventory 51,050
Other Current Assets 5,594
Total Current Assets  (as reported)89,679
Total Current Assets  (calculated)80,028
+/- 9,651
Long-term Assets
Property Plant Equipment 155,565
Goodwill 38,721
Long Term Investments 33,176
Intangible Assets 35,124
Long-term Assets Other 3,519
Long-term Assets  (as reported)266,105
Long-term Assets  (calculated)266,105
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities96,667
Long-term Liabilities263,315
Total Stockholder Equity21,035
Total Current Liabilities
Short Long Term Debt 3,336
Accounts payable 35,431
Other Current Liabilities 9,244
Total Current Liabilities  (as reported)96,667
Total Current Liabilities  (calculated)48,011
+/- 48,656
Long-term Liabilities
Long term Debt 231,402
Capital Lease Obligations Min Short Term Debt20,833
Long-term Liabilities Other 2,961
Long-term Liabilities  (as reported)263,315
Long-term Liabilities  (calculated)255,196
+/- 8,119
Total Stockholder Equity
Total Stockholder Equity (as reported)21,035
Total Stockholder Equity (calculated)0
+/- 21,035
Other
Common Stock Shares Outstanding 113,085
Net Debt 219,596
Net Invested Capital 255,773
Net Working Capital -6,988
Property Plant and Equipment Gross 198,493



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-30
> Total Assets 
671,432
691,677
533,729
547,211
600,264
562,053
571,366
509,878
508,968
491,551
497,813
493,192
482,897
360,573
348,054
359,914
355,784
355,784359,914348,054360,573482,897493,192497,813491,551508,968509,878571,366562,053600,264547,211533,729691,677671,432
   > Total Current Assets 
92,797
55,335
68,122
139,363
162,897
148,020
159,337
97,956
98,780
112,979
103,654
106,107
93,272
118,193
80,875
94,126
89,679
89,67994,12680,875118,19393,272106,107103,654112,97998,78097,956159,337148,020162,897139,36368,12255,33592,797
       Cash And Cash Equivalents 
37,638
26,505
13,944
13,979
46,363
32,542
22,844
36,736
27,868
43,180
32,619
29,235
26,476
24,067
14,251
16,401
15,142
15,14216,40114,25124,06726,47629,23532,61943,18027,86836,73622,84432,54246,36313,97913,94426,50537,638
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
3,401
3,403
0
0
0
0
0
000003,4033,4010000000000
       Net Receivables 
125
2,146
2,123
2,094
2,051
2,032
8,892
2,362
1,552
15,306
9,017
13,499
11,966
10,512
8,035
8,953
8,242
8,2428,9538,03510,51211,96613,4999,01715,3061,5522,3628,8922,0322,0512,0942,1232,146125
       Inventory 
38,212
18,083
21,057
21,344
21,761
23,715
25,375
29,681
33,520
41,804
48,698
52,553
50,892
49,446
53,611
47,938
51,050
51,05047,93853,61149,44650,89252,55348,69841,80433,52029,68125,37523,71521,76121,34421,05718,08338,212
       Other Current Assets 
9,489
8,601
30,998
101,946
92,722
89,731
102,226
29,177
35,840
12,689
9,919
7,417
3,938
4,977
4,978
20,834
5,594
5,59420,8344,9784,9773,9387,4179,91912,68935,84029,177102,22689,73192,722101,94630,9988,6019,489
   > Long-term Assets 
578,635
636,342
465,607
407,848
437,367
414,033
412,029
411,922
410,188
378,572
394,159
387,085
389,625
242,380
267,179
265,788
266,105
266,105265,788267,179242,380389,625387,085394,159378,572410,188411,922412,029414,033437,367407,848465,607636,342578,635
       Property Plant Equipment 
118,043
157,997
172,104
133,099
128,070
106,383
109,852
124,783
126,202
151,395
166,639
159,955
158,092
155,848
156,467
155,152
155,565
155,565155,152156,467155,848158,092159,955166,639151,395126,202124,783109,852106,383128,070133,099172,104157,997118,043
       Goodwill 
106,956
105,757
28,867
26,675
31,922
31,922
31,922
37,604
37,604
43,310
43,534
43,534
30,492
13,761
38,694
38,694
38,721
38,72138,69438,69413,76130,49243,53443,53443,31037,60437,60431,92231,92231,92226,67528,867105,757106,956
       Long Term Investments 
5,844
4,499
4,725
4,711
38,297
34,126
33,968
39,068
38,921
35,226
36,014
34,672
34,328
34,046
33,293
33,287
33,176
33,17633,28733,29334,04634,32834,67236,01435,22638,92139,06833,96834,12638,2974,7114,7254,4995,844
       Intangible Assets 
291,635
285,972
155,490
145,660
139,524
138,983
137,624
127,651
124,534
119,695
118,699
119,303
135,807
35,124
35,124
35,124
35,124
35,12435,12435,12435,124135,807119,303118,699119,695124,534127,651137,624138,983139,524145,660155,490285,972291,635
       Other Assets 
56,245
82,117
104,421
97,703
99,554
102,619
98,663
82,816
82,927
28,946
29,273
29,621
30,906
0
0
3,531
0
03,5310030,90629,62129,27328,94682,92782,81698,663102,61999,55497,703104,42182,11756,245
> Total Liabilities 
112,468
196,883
198,558
235,656
319,218
302,344
314,273
251,540
260,520
287,281
303,295
313,156
324,703
320,394
323,415
356,919
359,982
359,982356,919323,415320,394324,703313,156303,295287,281260,520251,540314,273302,344319,218235,656198,558196,883112,468
   > Total Current Liabilities 
21,510
57,153
67,767
121,265
138,393
97,742
130,796
71,139
85,443
66,793
83,140
70,713
76,505
72,333
74,116
94,293
96,667
96,66794,29374,11672,33376,50570,71383,14066,79385,44371,139130,79697,742138,393121,26567,76757,15321,510
       Short-term Debt 
0
0
0
0
0
27,139
47,642
7,373
16,377
1,583
7,370
7,363
7,218
0
1,689
0
0
001,68907,2187,3637,3701,58316,3777,37347,64227,13900000
       Short Long Term Debt 
350
15,300
22,514
47,009
37,097
27,139
47,642
7,373
16,377
1,583
7,370
7,363
7,218
1,584
1,689
13,805
3,336
3,33613,8051,6891,5847,2187,3637,3701,58316,3777,37347,64227,13937,09747,00922,51415,300350
       Accounts payable 
13,812
32,459
31,641
27,593
49,910
37,197
43,668
47,539
54,139
49,865
59,460
48,688
56,489
29,566
60,586
31,078
35,431
35,43131,07860,58629,56656,48948,68859,46049,86554,13947,53943,66837,19749,91027,59331,64132,45913,812
       Other Current Liabilities 
1,756
6,344
9,993
43,360
44,221
33,406
39,486
16,227
14,927
15,345
16,310
14,662
12,798
36,165
11,841
44,318
9,244
9,24444,31811,84136,16512,79814,66216,31015,34514,92716,22739,48633,40644,22143,3609,9936,3441,756
   > Long-term Liabilities 
90,958
139,730
130,791
114,391
186,825
204,602
183,477
180,401
175,077
220,488
220,155
242,443
248,198
248,061
249,299
262,626
263,315
263,315262,626249,299248,061248,198242,443220,155220,488175,077180,401183,477204,602186,825114,391130,791139,73090,958
       Capital Lease Obligations Min Short Term Debt
37,526
50,281
54,269
37,341
32,664
-9,038
-30,026
11,502
6,978
24,817
19,119
15,682
17,404
24,135
21,133
21,107
20,833
20,83321,10721,13324,13517,40415,68219,11924,8176,97811,502-30,026-9,03832,66437,34154,26950,28137,526
       Other Liabilities 
70,253
64,022
32,308
35,474
34,940
34,675
34,276
27,940
27,061
27,082
26,727
27,465
31,000
0
0
13,624
0
013,6240031,00027,46526,72727,08227,06127,94034,27634,67534,94035,47432,30864,02270,253
> Total Stockholder Equity
456,273
406,007
290,113
274,608
252,178
241,031
239,893
242,975
234,922
197,267
188,737
175,939
157,578
61,384
47,425
28,444
21,035
21,03528,44447,42561,384157,578175,939188,737197,267234,922242,975239,893241,031252,178274,608290,113406,007456,273
   Common Stock
0
0
0
0
0
241,031
0
0
0
197,267
0
0
157,578
0
0
0
0
0000157,57800197,267000241,03100000
   Retained Earnings Total Equity00-693,0480-583,052-560,838-550,909-538,215-497,864-485,567-483,014-475,20500000
   Accumulated Other Comprehensive Income 00000000000000000
   Capital Surplus 
0
0
0
0
0
737,290
743,961
749,596
753,840
756,536
760,700
757,831
761,684
0
761,527
0
0
00761,5270761,684757,831760,700756,536753,840749,596743,961737,29000000
   Treasury Stock0000-21,054-21,054-21,054-21,054-21,054-21,054-21,054-21,05400000
   Other Stockholders Equity 00-21,05400000000000000



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue228,069
Cost of Revenue-138,693
Gross Profit89,37689,376
 
Operating Income (+$)
Gross Profit89,376
Operating Expense-239,436
Operating Income-11,367-150,060
 
Operating Expense (+$)
Research Development-
Selling General Administrative95,964
Selling And Marketing Expenses-
Operating Expense239,43695,964
 
Net Interest Income (+$)
Interest Income373
Interest Expense-34,190
Other Finance Cost-0
Net Interest Income-33,817
 
Pretax Income (+$)
Operating Income-11,367
Net Interest Income-33,817
Other Non-Operating Income Expenses-
Income Before Tax (EBT)-155,75999,208
EBIT - interestExpense = -34,190
-133,410
-99,220
Interest Expense34,190
Earnings Before Interest and Taxes (EBIT)--121,569
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax-155,759
Tax Provision-5,680
Net Income From Continuing Ops-161,439-161,439
Net Income-133,410
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net-110,57533,817
 

Technical Analysis of Acreage Holdings Inc
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Acreage Holdings Inc. The general trend of Acreage Holdings Inc is BULLISH with 71.4% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Acreage Holdings Inc's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (71.4%) Bearish trend (-71.4%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Acreage Holdings Inc.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 0.55 < 0.55 < 0.55.

The bearish price targets are: 0.33 > 0.325 > 0.241.

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Acreage Holdings Inc Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Acreage Holdings Inc. The current mas is .

The long score for the Moving Averages is 12/14.
The longshort score for the Moving Averages is 10/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close > MA 20: The price is above the MA 20. +1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Acreage Holdings Inc Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Acreage Holdings Inc. The current macd is 0.0521156.

The long score for the Moving Average Convergence/Divergence (MACD) is 4/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 4/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Acreage Holdings Inc price going up in the near term. +2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Acreage Holdings Inc. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Acreage Holdings Inc price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Acreage Holdings Inc Daily Moving Average Convergence/Divergence (MACD) ChartAcreage Holdings Inc Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Acreage Holdings Inc. The current adx is 43.04.

The long score for the Directional Movement Index (DMI) is 4/7.
The longshort score for the Directional Movement Index (DMI) is 4/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Acreage Holdings Inc shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bullish trend. The ADX is trending up, so the bullish trend is strengthening.
Acreage Holdings Inc Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Acreage Holdings Inc. The current sar is 0.21932696.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

  • Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1
Acreage Holdings Inc Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Acreage Holdings Inc. The current rsi is 86.24. The current phase is Overbought in bull market.

The long score for the Relative Strength Index (RSI) is 1/13.
The longshort score for the Relative Strength Index (RSI) is 0/(-13 +13).

  • Overbought in bull market: Short-term excessive buying, potential for pullback. Consider taking profits, be cautious of potential correction. -1
  • Trending up: The RSI is trending up. +1
Acreage Holdings Inc Daily Relative Strength Index (RSI) ChartAcreage Holdings Inc Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Acreage Holdings Inc. The current phase is Overbought in bull market.

The long score for the Stochastic Oscillator is 6/6.
The longshort score for the Stochastic Oscillator is 6/(-6 +6).

  • STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
  • STOCH > 80: The STOCH %K is above 80 and overbought. +2
  • STOCH %K line > STOCH %D line: The STOCH %K line is above the STOCH %D line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Acreage Holdings Inc price going up in the near term. +2
  • Trending up: The STOCH %K is trending up. +1
Acreage Holdings Inc Daily Stochastic Oscillator ChartAcreage Holdings Inc Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Acreage Holdings Inc. The current cci is 218.24.

The long score for the Commodity Channel Index (CCI) is 1/1.
The longshort score for the Commodity Channel Index (CCI) is 1/(-1 +1).

  • CCI > 100: The CCI is above 100, it indicates that the price is significantly above its average, suggesting a potential overbought condition. +1
Acreage Holdings Inc Daily Commodity Channel Index (CCI) ChartAcreage Holdings Inc Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Acreage Holdings Inc. The current cmo is 81.85.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

  • CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1
Acreage Holdings Inc Daily Chande Momentum Oscillator (CMO) ChartAcreage Holdings Inc Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Acreage Holdings Inc. The current willr is -4.93421053.

The long score for the Williams %R is 1/1.
The longshort score for the Williams %R is 1/(-1 +1).

  • WILLR > -20: The Williams %R is above -20. This indicates that the price is in overbought territory, suggesting a potential price correction or trend reversal to the downside. +1
Acreage Holdings Inc Daily Williams %R ChartAcreage Holdings Inc Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Acreage Holdings Inc.

Acreage Holdings Inc Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Acreage Holdings Inc. The current atr is 0.05806512.

Acreage Holdings Inc Daily Average True Range (ATR) ChartAcreage Holdings Inc Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Acreage Holdings Inc. The current obv is -7,383,096.

Acreage Holdings Inc Daily On-Balance Volume (OBV) ChartAcreage Holdings Inc Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Acreage Holdings Inc. The current mfi is 98.24.

The long score for the Money Flow Index (MFI) is 2/2.
The longshort score for the Money Flow Index (MFI) is 2/(-2 +2).

  • MFI > 50: +1
  • MFI > 80: +1
Acreage Holdings Inc Daily Money Flow Index (MFI) ChartAcreage Holdings Inc Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Acreage Holdings Inc.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2023-11-03CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-11-06MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2023-11-10CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-11-17STOCH SHORT EXITThe %K line crosses above the %D line.
2023-11-20RSI LONG ENTRY SHORT CLOSE30 crossover to upside
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-11-22STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-11-24RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-11-27MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2023-11-28STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-11-29RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2023-11-30STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-01STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-04MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2023-12-05STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2023-12-06STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-08DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2023-12-12STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2023-12-13DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2023-12-15STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-18STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2023-12-20WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2023-12-21STOCH SHORT EXITThe %K line crosses above the %D line.
2023-12-27STOCH LONG EXITThe %K line crosses below the %D line.
2023-12-29CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-02STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-03SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-04DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-05CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-09STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-10CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-11CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-12SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-01-16STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-17CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-18STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-19STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-24STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-30SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-31CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-01STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-02CCI LONG ENTRY SHORT CLOSE100 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-02-05STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-06CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-07STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-08STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-09STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-02-12STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-13STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-14CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-15STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-20STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-21CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-02-22BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-02-23STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-27SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-02-28STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-01CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-03-07DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-03-11MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-12CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-13STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-14STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-03-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-18CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-03-19SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-20CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
2024-03-21MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-22ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-25MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-26WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside

6.3. Candlestick Patterns

Acreage Holdings Inc Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Acreage Holdings Inc based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5086.236
Ma 20Greater thanMa 500.231
Ma 50Greater thanMa 1000.192
Ma 100Greater thanMa 2000.179
OpenGreater thanClose0.421
Total3/5 (60.0%)
Penke

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