Streetbeat News

VRNOF

Verano Holdings Corp

Industry

Pharmaceutical Preparation Manufacturing

Open

2.30

Mkt cap

1.5B

Volume

478K

High

2.30

P/E Ratio

-5.54

52-wk high

7.08

Low

1.88

Div yield

N/A

52-wk low

1.88

The HHS has recommended rescheduling cannabis, which could lead to a 2-3X turn for U.S cannabis plant-touching securities. This news has already led to a 33.18% increase in AUM for the U.S cannabis ETF MSOS (NYSE:MSOS) and a 132.88% increase for MSOX (NYSE:MSOX). Other potential catalysts include SAFE Banking moving through the Senate and House of Representatives, uplisting to NYSE/NASDAQ, and CPG M&A. Companies like AYR Wellness (AYRWF) and 4Front Ventures (FFNTF) could benefit, as well as Tier1 companies like Verano (OTC: VRNOF), Green Thumb (OTC:GTBIF), Cresco (OTC:CRLBF), Curaleaf (OTC:CURLF) and Trulieve (OTC:TCNNF).

Portfolio Pulse from Todd Harrison

September 05, 2023 | 4:30 pm

The Alabama Cannabis Industry Association (AMCC) has voted to maintain a pause on issuing business licenses for medical cannabis, amid legal challenges from numerous companies. This includes Verano Holdings Corp. (CSE:VRNO) (OTCQX:VRNOF), which had secured a highly sought-after Integrated Facility License in June, but lost its chance to get a share of the state market when the license allocation was redone in August.

Portfolio Pulse from Jelena Martinovic

September 01, 2023 | 4:49 pm

Governors JB Pritzker of Illinois and Albert Bryan Jr. of the U.S. Virgin Islands, known for their significant contributions to shaping cannabis policy, will speak at the Benzinga Cannabis Capital Conference in Chicago. Pritzker's tenure has seen the legalization of adult-use cannabis in Illinois, with key players like Cresco Labs Inc, Verano Holdings Corp., and Green Thumb Industries contributing to job creation and community revitalization. Bryan Jr. has championed cannabis legalization as a strategy to address post-pandemic financial challenges in the U.S. Virgin Islands.

Portfolio Pulse from Nicolás Jose Rodriguez

August 31, 2023 | 1:04 pm

A top official at the Department of Health and Human Services (HHS) has recommended that marijuana be reclassified as a Schedule III substance under the Controlled Substances Act. This change could ease federal regulations surrounding the drug, potentially unlocking medical research opportunities and paving the way for banking access for cannabis businesses. The CEOs of Trulieve Cannabis Corp (OTC:TCNNF), Verano Holdings Corp (OTC:VRNOF), Cresco Labs (OTC:CRLBF), and Curaleaf Holdings (OTC:CURLF) have all commented on the potential impact of this change on their businesses.

Portfolio Pulse from Javier Hasse

August 30, 2023 | 11:36 pm

The Alabama Cannabis Industry Association (AMCC) is facing allegations of Open Meetings Act violations. The AMCC has failed to award medical cannabis licenses twice and is now pushing for a third attempt. However, Montgomery Circuit Judge James Anderson has initiated a temporary restraining order halting the licensing process due to a legal action brought by Alabama Always. Verano Holdings (OTCQX:VRNOF) is one of several companies suing the Alabama cannabis regulator for depriving them of their chance to enter the market.

Portfolio Pulse from Jelena Martinovic

August 29, 2023 | 7:19 pm

Verano Holdings Corp. (CSE:VRNO) (OTCQX:VRNOF) is facing challenges in Alabama as the state's cannabis regulators prepare to redo medical marijuana's license allocations for the third time. Verano, which had secured one of Alabama's highly sought-after licenses in June, lost its chance to enter the market when the Alabama Medical Cannabis Commission (AMCC) chose Insa Alabama LLC instead. Verano's CEO, George Archos, has written to Governor Kay Ivey, stating the company's readiness to invest at least $40 million in Alabama.

Portfolio Pulse from Jelena Martinovic

August 28, 2023 | 4:57 pm

The article discusses the history and potential future of cannabis in the U.S., highlighting the potential therapeutic benefits of cannabis and the possibility of changes in its legal status. It also mentions the performance of several cannabis companies, including TerrAscend, Glass House Brands, and Verano.

Portfolio Pulse from Todd Harrison

August 26, 2023 | 3:59 pm

Alabama's medical cannabis license allocation process has been halted by a temporary restraining order initiated by Montgomery Circuit Judge James Anderson. The Alabama Medical Cannabis Commission (AMCC) has asked the court to reinstate the licensing process for the third time. However, the judge has decided to maintain the pause until a preliminary hearing on possible Open Meetings Act violations allegedly committed by the AMCC. Chicago-based Verano Holdings Corp. (CSE:VRNO) (OTCQX:VRNOF) has filed a lawsuit against the commission, after losing its chance to get a share of the state market in the process of redoing the license allocation.

Portfolio Pulse from Jelena Martinovic

August 25, 2023 | 4:14 pm

The article lists the cannabis stocks that gained and lost on August 24, 2023. Notable gainers include EVIO, Red White & Bloom Brands, and CBD Unlimited. Major losers include Choom Holdings, Radient Technologies, and Target Group.

Portfolio Pulse from Benzinga Insights

August 24, 2023 | 9:30 pm

Verano Holdings Corp. (CSE:VRNO) (OTCQX:VRNOF) has sued the Alabama Medical Cannabis Commission (AMCC) over the revocation and re-awarding of its Integrated Facility License. Verano initially secured the license in June but lost it in August when the AMCC chose Insa Alabama LLC instead. Verano argues that the commission's actions exceed its statutory authority. The AMCC plans to redo its licensing process again on Aug. 31.

Portfolio Pulse from Jelena Martinovic

August 23, 2023 | 12:07 pm

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