Cannabis Profit Harvest: Verano's Leaders Talk Q3 Success
Portfolio Pulse from Patricio Liddle
Verano Holdings Corp (OTCQX:VRNOF) showcased strong Q3 earnings with a gross profit of $133.22 million and an adjusted EBITDA of $89.35 million. Despite a net loss of $17.84 million, the figures represent an improvement over previous periods. The company's leadership discussed these results and strategies in a live interview on Benzinga Cannabis Insider.
November 10, 2023 | 9:06 pm
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Verano Holdings Corp reported a strong Q3 with increased gross profit and adjusted EBITDA, indicating operational growth and efficiency. However, the company still posted a net loss, although it was lower than the previous year's Q3.
The positive earnings report, with increased gross profit and adjusted EBITDA, suggests operational efficiency and growth, which is likely to be viewed favorably by investors. The reduction in net loss year-over-year also indicates an improvement in financial health, potentially leading to a positive short-term impact on the stock price.
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