Verano To Repurchase Up To $50M Of Its Shares Trading On Cboe Canada
Portfolio Pulse from Nina Zdinjak
Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX: VRNOF) has announced a $50 million share repurchase program for its class A subordinate voting shares listed on Cboe Canada. The program aims to support the stock and return cash to shareholders, with purchases to be made over a 12-month period ending June 13, 2025. The company emphasizes its commitment to operational excellence and capital discipline.
June 17, 2024 | 1:56 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Verano Holdings Corp. (OTCQX: VRNOF) has announced a $50 million share repurchase program, aiming to support the stock and return cash to shareholders. The program will run over a 12-month period ending June 13, 2025.
The share repurchase program is likely to have a positive short-term impact on VRNOF's stock price as it signals confidence from the management and aims to return cash to shareholders. This move can also reduce the number of shares outstanding, potentially increasing earnings per share.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100