Verano President Darren Weiss On Rescheduling Says Biggest Change Is Companies Like Verano, Given Additional Cash Coming To Bottom Line, Be Confident In Making Decisions Based On Long-Term Value And Not Short-Term Cash Flow; Ability To Be Treated Like Normal Business Is Major Milestone
Portfolio Pulse from Benzinga Newsdesk
Verano President Darren Weiss discusses the impact of rescheduling on cannabis companies like Verano, highlighting the potential for increased cash flow and the ability to focus on long-term value. This change allows these companies to operate more like traditional businesses.
October 08, 2024 | 3:11 pm
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POSITIVE IMPACT
The rescheduling of cannabis could positively impact ETFs like MSOS, which invest in cannabis companies, by increasing cash flow and allowing these companies to focus on long-term growth.
As cannabis companies like Verano benefit from rescheduling, ETFs like MSOS, which invest in these companies, could see positive impacts due to increased cash flow and long-term growth potential.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Verano's President highlights the positive impact of rescheduling on the company, with increased cash flow and a focus on long-term value, marking a significant milestone.
The rescheduling allows Verano to have additional cash flow, enabling it to focus on long-term value rather than short-term cash flow. This is a significant positive development for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90