Acreage Holdings Cuts Jobs, Cancels Planned Acquisitions Amid Coronavirus Pandemic
In an effort to preserve cash, New York-based Acreage Holdings has made a number of strategic moves intended to help the company mitigate the economic impact of the coronavirus pandemic.
In a press release issued last Friday, the company said it had temporarily furloughed 122 employees and closed certain U.S. operations including dispensaries in Maryland and North Dakota, a wholesale outfit in Iowa and factories in California, Oregon and Washington.