Verano Holdings' 13-State Cannabis Footprint & Solid Balance Sheet Is Undervalued, Expert Explains
Portfolio Pulse from Nicolás Jose Rodriguez
Equity research firm Zuanic & Associates has initiated coverage of cannabis company Verano Holdings Corp. (OTC:VRNOF) with an Overweight rating. The firm believes Verano's stock is undervalued given its strong financial metrics, including profitability, cash flow, and balance sheet strength. Verano operates in 13 states with a total addressable market of $13.5 billion, projected to grow to $17.7 billion by 2025. The company also has the highest free cash flow among the 20 Multi-State Operators (MSOs) reviewed.
November 03, 2023 | 6:34 pm
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Verano Holdings Corp. has been given an Overweight rating by Zuanic & Associates, indicating a positive outlook for the company. The firm's strong financial metrics and growth potential in the cannabis market could lead to an increase in its stock price.
The Overweight rating from Zuanic & Associates indicates a positive outlook for Verano Holdings Corp. The firm's strong financial metrics, including profitability, cash flow, and balance sheet strength, as well as its growth potential in the cannabis market, could lead to an increase in its stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100