Verano Holdings Corp.

VRNO

CA92338D1015

Drug Retailers

End-of-day quote NEO Exchange Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
6.71 ^CAD	+4.68%		-3.59%	+14.12%

Apr. 02	Pot producers climb as recreational cannabis to go on Florida ballot	RE
Mar. 15	Cannabis Stocks Gain Following Rumors of Imminent Rescheduling	DJ

Verano Holdings Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023

November 08, 2023 at 06:06 am EST

Verano Holdings Corp. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 240.09 million compared to USD 227.59 million a year ago. Net loss was USD 17.84 million compared to USD 42.99 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to USD 0.13 a year ago. Diluted loss per share from continuing operations was USD 0.05 compared to USD 0.13 a year ago.
For the nine months, sales was USD 701.26 million compared to USD 653.49 million a year ago. Net loss was USD 40.14 million compared to USD 53.05 million a year ago. Basic loss per share from continuing operations was USD 0.12 compared to USD 0.16 a year ago. Diluted loss per share from continuing operations was USD 0.12 compared to USD 0.16 a year ago.

Latest news about Verano Holdings Corp.

Pot producers climb as recreational cannabis to go on Florida ballot	Apr. 02	RE
Cannabis Stocks Gain Following Rumors of Imminent Rescheduling	Mar. 15	DJ
Cannabis Shares Gain After Biden Says Marijuana Laws Should Be Loosened	Mar. 08	DJ
Verano Holdings Corp. Reports Unaudited Consolidated Impairment Charges Results for the Fourth Quarter Ended December 31, 2023	Feb. 29	CI
Transcript : Verano Holdings Corp., Q4 2023 Earnings Call, Feb 29, 2024	Feb. 29
Verano Holdings Corp. Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 29	CI
Verano Holdings Corp. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 29	CI
Verano Holdings Corp. Provides Revenue Guidance for the First Quarter of 2024	Feb. 29	CI
Verano Holdings Corp. Expands Pennsylvania Retail Footprint with the Opening of Zen Leaf Norristown	Feb. 15	CI
Verano Holdings Corp. Announces the Opening of Zen Leaf Abington	Jan. 25	CI
Verano Holdings Corp. Announces Opening of M V Yulee, the Company's 74th Florida Location	Jan. 05	CI
An unknown buyer acquired a 5.9% stake in Verano Holdings Corp. from George Archos.	Dec. 28	CI
Verano Holdings Corp. Reimagines Essence Brand and Introduces Essence Nectar Line in Core Markets, Combining Bespoke Graphic Art and Terpene-Rich Full-Spectrum Cannabis Products	Nov. 20	CI
Verano Holdings Corp. Opens MÜV North Miami-Biscayne	Nov. 17	CI
Transcript : Verano Holdings Corp., Q3 2023 Earnings Call, Nov 08, 2023	Nov. 08
Verano Holdings Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 08	CI
Verano Shares Down After Suing DOJ Over Marijuana Prohibition	23-10-27	DJ
Verano Holdings Corp. Opens Muv Satellite Beach, Elevating the Company's Retail Footprint to 72 Florida Dispensaries and 135 Locations Nationwide	23-10-27	CI
Verano Holdings Corp. Announces the Launch of Savvy Threads	23-10-25	CI
Verano Brief: Expanding Retail Footprint in Connecticut with Opening of Zen Leaf Newington, the Co's Second Social Equity JV Location in Connecticut and Fourth Dispensary Statewide	23-10-12	MT
Verano Holdings Corp. Expands Retail Footprint in Connecticut with the Opening of Zen Leaf Newington	23-10-12	CI
Verano Holdings Corp. Continues Florida Retail Expansion with the Opening of MUV Apopka	23-10-05	CI
Verano Holdings Corp. Continues Florida Retail Expansion with the Opening of MUV Apopka	23-10-05	CI
New marijuana ETF hits the block amid pot stocks rally	23-09-19	RE
Transcript : Verano Holdings Corp., Q2 2023 Earnings Call, Aug 08, 2023	23-08-08

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Company Profile

Verano Holdings Corp. is a vertically integrated, multi-state cannabis operator in the United States. The Company is focused on the development of communal wellness by providing responsible access to regulated medical and adult-use cannabis products to customers. The Company produces a variety of cannabis products sold under its portfolio of consumer brands, including Verano, MUV, Savvy, BITS, Encore and Avexia. It operates businesses in 13 states, including 138 retail dispensaries and 14 production facilities with over 1,000,000 square feet of cultivation capacity. It also designs, builds and operates branded retail environments, including Zen Leaf and MUV dispensaries that deliver a cannabis shopping experience in both medical and adult-use markets. Its Verano product line offers a curated collection of cannabis strains, pre-rolls, vapes, and extracts, including Tire Fire Swift Lifts, Grape Bubble Gum Flower, and Sunshine OG Live Resin Cart.

Sector

Drug Retailers

Calendar

2024-05-07 - Q1 2024 Earnings Release

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Ratings for Verano Holdings Corp.

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ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

4.902 USD

Average target price

9.287 USD

Spread / Average Target

+89.47%

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