Acreage Holdings down as cultivation center damaged due to Ida

Acreage Holdings

08/09/2021 15:40

** Shares of cannabis co  ACRGau.CD  down 2.8% at $2.83
    ** Co said on Tuesday Hurricane Ida caused extensive damage
to its cultivation center located in Sewell, New Jersey, which
was nearing the completion of its construction  urn:newsml:reuters.com:*:nL4N2Q93PU
    ** Acreage says the damage would significantly delay the
opening of the cultivation center
    ** Production at Sewell facility is unlikely to commence in
Q1 of 2022 as previously expected- co
    ** Co does not expect the damage to have a material impact
on the current financial condition
    ** Acreage Holdings down 10.2% so far this year 

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94))