Tropical Storm Ida damaged Acreage Holdings Inc. (OTC:ACRGF) cannabis cultivation site in Sewell, South Jersey, delaying the company's cultivation plans. Acreage had planned to start producing marijuana at the site in early 2022.
Now, that is “unlikely,” said Steve Goertz, Acreage’s CFO, who described the damage as “extensive.”
Acreage bought Compassionate Care Foundation last year and also grows medical marijuana in Egg Harbor Township. It has dispensaries there, in Atlantic City and in Monroe Township, reported NJ.com.
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