Marijuana Stock Set To Rise On Your Watchlist: Verano Holdings Targets EBITDA And Lower Debt
Portfolio Pulse from Nicolás Jose Rodriguez
Verano Holdings (OTC:VRNOF) is projected to see a rise in sales and EBITDA, with potential profitability by 2025. The company is compared favorably against other multi-state operators (MSOs) like Green Thumb (OTC:GTBIF), Curaleaf (OTC:CURLF), Ascend Wellness (OTC:AAWH), and Cresco Labs (OTC:CRLBF).
June 07, 2024 | 12:17 pm
News sentiment analysis
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Ascending
NEUTRAL IMPACT
Ascend Wellness is compared to Verano Holdings with an EV/EBITDA multiple of 5.5x, indicating a competitive position among MSOs.
Ascend Wellness's EV/EBITDA multiple of 5.5x positions it competitively among MSOs, but the direct impact of Verano's projections on Ascend Wellness is neutral.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Cresco Labs is compared to Verano Holdings with an EV/EBITDA multiple of 6.4x, indicating a competitive position among MSOs.
Cresco Labs's EV/EBITDA multiple of 6.4x positions it competitively among MSOs, but the direct impact of Verano's projections on Cresco Labs is neutral.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Curaleaf is compared to Verano Holdings with an EV/EBITDA multiple of 13.5x and a higher debt-to-EBITDA ratio, indicating higher leverage.
Curaleaf's higher EV/EBITDA multiple and debt-to-EBITDA ratio indicate higher leverage compared to Verano, but the direct impact of Verano's projections on Curaleaf is neutral.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Green Thumb is compared to Verano Holdings with an EV/EBITDA multiple of 9.0x, indicating a competitive position among MSOs.
Green Thumb's EV/EBITDA multiple of 9.0x positions it competitively among MSOs, but the direct impact of Verano's projections on Green Thumb is neutral.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Verano Holdings is projected to see a rise in sales and EBITDA, with potential profitability by 2025. The company's financial health is improving, with decreasing debt levels and favorable comparisons to other MSOs.
The projected rise in sales and EBITDA, along with potential profitability by 2025, indicates a positive outlook for Verano Holdings. The company's improving financial health and favorable comparisons to other MSOs further support this positive sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100