Verano Q3 Revenue Grows To $240M, Raises Free Cash Flow Guidance, 'Encouraged' By Cannabis Reform Developments
Portfolio Pulse from Nina Zdinjak
Verano Holdings Corp. reported Q3 revenue of $240.09 million, up from $234.12 million in the previous quarter. The company also raised its free cash flow guidance for 2023 to $72-76 million, up from $65-75 million, and lowered its capital expenditures guidance to $30-37 million, down from $35-50 million. Verano's shares closed 9.47% higher at $3.93 per share.
November 08, 2023 | 1:25 pm
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Verano Holdings reported strong Q3 results and raised its 2023 free cash flow guidance, which could positively impact its stock price.
Verano Holdings reported a Q3 revenue increase and raised its free cash flow guidance for 2023, which indicates strong financial performance and could lead to increased investor confidence, potentially driving the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100