Streetbeat News

VRNOF

Verano Holdings Corp

Industry

Pharmaceutical Preparation Manufacturing

Open

1.78

Mkt cap

610M

Volume

135K

High

1.83

P/E Ratio

-4.07

52-wk high

7.08

Low

1.68

Div yield

N/A

52-wk low

1.42

Cannabis companies are expanding their presence in various states as legalization efforts continue. Curaleaf has opened a new dispensary in Florida, C3 Industries expands in Illinois, RIV Capital launches adult-use sales in NYC, and Verano Holdings opens a new store in Arizona.

Portfolio Pulse from Jelena Martinovic

October 03, 2024 | 5:42 pm

Florida's cannabis market faces challenges despite significant investments in adult-use legalization. Companies like Trulieve and Curaleaf are heavily investing, but dispensary sales have slipped due to increased competition and external factors. The market's future hinges on legislative changes and potential growth if adult-use legalization passes.

Portfolio Pulse from Nicolás Jose Rodriguez

October 01, 2024 | 10:18 pm

Cannabis sales are thriving in North Carolina's only legal recreational marijuana store, Great Smoky, operated by Qualla Enterprises. In Florida, Trulieve Cannabis Corp. and Green Thumb Industries Inc. are expanding their retail presence amid discussions on legalizing recreational cannabis. Verano Holdings Corp. is also increasing its footprint in Florida. These expansions reflect the growing cannabis market in the U.S.

Portfolio Pulse from Jelena Martinovic

September 23, 2024 | 8:01 pm

The West Virginia governor race sees candidates divided over cannabis legalization. Democratic candidate Steve Williams supports legalization for economic and safety benefits, while Republican Patrick Morrisey opposes it, citing substance abuse concerns. Multistate operators like Trulieve and Verano could benefit from legalization.

Portfolio Pulse from Jelena Martinovic

September 19, 2024 | 6:20 pm

Cannabis companies, including Verano Holdings Corp., are appealing a federal court's dismissal of their lawsuit challenging cannabis prohibition under the U.S. Controlled Substances Act. The appeal argues that federal cannabis laws are outdated and unconstitutional, given the legalization in 38 states.

Portfolio Pulse from Rolando García

September 11, 2024 | 9:35 pm

Ohio's adult-use cannabis market has seen strong demand, with sales reaching $44 million. Companies like Trulieve and Locals Cannabis report sustained customer interest. Several multi-state operators are expanding in Ohio, while lawmakers consider road safety measures.

Portfolio Pulse from Patricio Liddle

September 05, 2024 | 9:57 pm

C21 Investments and Vext Science, two small-cap cannabis stocks, have shown strong financial performance in cash flow and credit management, outperforming larger peers like Tilray, Curaleaf, and Trulieve. Despite their smaller market caps, they demonstrate superior cash flow margins and credit rankings, highlighting their financial efficiency.

Portfolio Pulse from Nicolás Jose Rodriguez

August 29, 2024 | 7:05 pm

The Benzinga Cannabis Capital Conference, a key event for the cannabis industry, will take place in Chicago on October 8-9, 2024. It will feature influential speakers, networking opportunities, and discussions on market trends, legal landscapes, and cannabis technology.

Portfolio Pulse from Javier Hasse

August 29, 2024 | 3:12 pm

Rapper Afroman celebrated the legalization of recreational marijuana in Ohio, claiming credit for the achievement. The new law allows sales at over 100 medical marijuana shops, including those owned by Verano Holdings, Trulieve, Curaleaf Holdings, Acreage Holdings, and Green Thumb Industries.

Portfolio Pulse from Maureen Meehan

August 28, 2024 | 6:02 pm

Cannabist Company Holdings has received a Buy rating from Canaccord Genuity, with a target price of C$1.00, due to its strategic divestments and focus on growth. The company sold its Florida assets and subsidiaries in Virginia and Arizona to Verano Holdings, aiming to enhance operational efficiency and financial health.

Portfolio Pulse from Patricio Liddle

August 26, 2024 | 10:38 pm

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