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

Dablicator, a Cannabis and Hemp Hardware company, has seen significant growth through its innovative oil applicator for cannabis concentrates. The company has formed partnerships with 44 brands across 26 markets. The hardware is manufactured and directly drop-shipped to customers, optimizing cost and resource efficiency. In two years, the company's sales of over 2 million custom-branded tablet locators resulted in $100 million in retail revenue for its partners. Partners include Verano (OTC:VRNOF), Columbia Care (OTC:CCHWF), and Terrascend (OTC:TSNDF).

Portfolio Pulse from Nicolás Jose Rodriguez

August 04, 2023 | 10:38 am

A recent equity report by Zuanic & Associates reveals the tax payments and liabilities of 16 Multi-State Operators (MSOs) in the cannabis industry during CY22. The MSOs collectively paid $761 million in income taxes, with Curaleaf (OTC:CURLF) and Trulieve (OTC:TCNNF) being the top contributors. The report also highlights the varying income tax to gross profit ratios among the MSOs, suggesting that some companies might be using tax debts as a low-cost funding source.

Portfolio Pulse from Nicolás Jose Rodriguez

August 04, 2023 | 9:10 am

On July 31, 2023, several marijuana stocks experienced significant price movements. Notable gainers included Hemp (OTC:HEMP), Acreage Holdings (OTC:ACRDF), and Malachite Innovations (OTC:MLCT), which saw their shares close up by 100.00%, 42.03%, and 40.95% respectively. On the other hand, Humble & Fume (OTC:HUMBF), EVIO (OTC:EVIO), and Choom Holdings (OTC:CHOOF) were among the biggest losers, with their shares closing down by 67.04%, 50.00%, and 44.44% respectively.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 9:51 pm

On July 28, 2023, several cannabis stocks experienced significant price changes. Notable gainers include EVIO, Earth Science Tech, Target Group, Leef Brands, Canopy Gwth, and SLANG Worldwide, among others. On the other hand, Chalice Brands, GrowLife, Maple Leaf Green World, Hemp, and Malachite Innovations were among the biggest losers.

Portfolio Pulse from Benzinga Insights

July 28, 2023 | 9:30 pm

On July 21, 2023, several cannabis stocks experienced significant price movements. Notable gainers included Craftport Cannabis (OTC:BHHKF), Choom Holdings (OTC:CHOOF), and Tetra Bio Pharma (OTC:TBPMF), with shares closing up 580.00%, 125.00%, and 121.31% respectively. On the other hand, Hemp (OTC:HEMP), Avenir Wellness Solutions (OTC:CURR), and 1606 (OTC:CBDW) were among the biggest losers, with shares closing down 50.00%, 27.57%, and 18.75% respectively.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 9:30 pm

The article lists the cannabis stocks that gained and lost on July 20, 2023. Notable gainers include Tetra Bio Pharma, Earth Science Tech, and 22nd Century Group. Significant losers include GrowLife, Target Group, and Choom Holdings.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 9:30 pm

Teamsters Local 777 has reached tentative agreements with Zen Leaf dispensaries, a subsidiary of Verano (OTCQX:VRNOF), for wage increases ranging from 17% to 20% over the next three years, paid time off, employer-funded retirement contributions, and other benefits. The union has also been active with other cannabis companies, including Green Thumb Industries (OTCQX:GTBIF).

Portfolio Pulse from Vuk Zdinjak

July 20, 2023 | 4:15 pm

Illinois Governor JB Pritzker, who signed a cannabis legalization bill two years ago, will be a keynote speaker at the upcoming Benzinga Cannabis Capital Conference. The cannabis legalization law has resulted in the creation of over 30,000 jobs and positively impacted the state's economy, with weed sales reaching $1.5 billion in 2022. Some of the largest companies in Illinois' diverse cannabis industry include Cresco Labs Inc, Verano Holdings Corp., and Green Thumb Industries.

Portfolio Pulse from Maureen Meehan

July 17, 2023 | 4:29 pm

New York's marijuana retail footprint is growing with the help of a $150 million investment from a Chicago-based group. Two new stores have recently opened, including the first adult-use cannabis dispensary in the Bronx. In Florida, Verano Holdings Corp. and Insa, Inc. have expanded their retail presence. Insa also opened its first medical cannabis dispensary in Ohio. Columbia Care Inc. launched recreational sales at its three Maryland retail locations, while Curaleaf Holdings, Inc. started sales at its Groton, Connecticut retail location. New dispensaries have also opened in New Jersey and South Dakota.

Portfolio Pulse from Jelena Martinovic

July 12, 2023 | 4:20 pm

Maryland's legal cannabis sales reached $20.9 million in the first week, with half of the sales made during the opening weekend. The Maryland Cannabis Administration expects the industry to generate $600 million in retail sales in the first year of adult-use cannabis legalization. Verano Holdings (OTCQX: VRNOF), which operates four Zen Leaf retail locations in Maryland, is encouraged by the strong start to adult-use cannabis sales in the state.

Portfolio Pulse from Maureen Meehan

July 11, 2023 | 7:11 pm

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