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

Recreational cannabis has become legal in Maryland, with nearly 100 existing cannabis companies approved to serve both medical patients and adult consumers. Companies operating in Maryland include Curaleaf (CURLF), Green Thumb Industries (GTBIF), Trulieve Cannabis Corp. (TCNNF), and Verano Holdings Corp. (VRNOF). The legalization is seen as a step forward in rectifying past injustices.

Portfolio Pulse from Maureen Meehan

July 02, 2023 | 4:52 am

Maryland has legalized recreational cannabis sales, with several companies including Green Thumb Industries, Curaleaf Holdings, and Verano Holdings commencing sales at their dispensaries. Green Thumb's RISE Dispensaries also opened a new store in Virginia, while Verano Holdings opened a new store in Florida. Trulieve Cannabis Corp. opened a new store in Georgia, and Cresco Labs opened two new stores in Washington and Pennsylvania.

Portfolio Pulse from Jelena Martinovic

June 30, 2023 | 5:34 pm

Maryland is set to launch adult-use cannabis sales on July 1, becoming the 20th state in the US to do so. Existing medical marijuana dispensaries in the state, including Curaleaf (CURLF), TerrAscend (TRSSF), Green Thumb Industries (GTBIF), Cresco Labs (CRLBF), Columbia Care (CCHWF), Verano (VRNOF), and Trulieve (TCNNF), are ready to transition to adult-use cannabis shops. The move is expected to attract a large number of customers, including from neighboring states where recreational marijuana is not legal.

Portfolio Pulse from Maureen Meehan

June 30, 2023 | 2:13 pm

The Pennsylvania Senate Law & Justice Committee approved a bill allowing physicians to prescribe medical marijuana for any condition, removing the list of 24 serious conditions. The committee also approved a bill allowing the sale of marijuana edibles. Companies that could benefit from the edibles policy change include Curaleaf Holdings, Trulieve Cannabis Corp., Ayr Wellness, and Verano Holdings Corp.

Portfolio Pulse from Nina Zdinjak

June 22, 2023 | 1:05 pm

Benzinga highlights the latest and most innovative cannabis products, including Climbing Kites by Lua, On The Rocks by Verano Holdings Corp., Chelsea B. Soda by Chelsea B. Drugstore, Dr. Dabber and Carrots Limited-Edition collaboration, Summer Season Line by Insa, and Co2lors by Trulieve Cannabis Corp.

Portfolio Pulse from Joana Scopel

June 16, 2023 | 2:22 pm

Connecticut's recreational cannabis market, which began in January, saw sales surpass medical marijuana for the first time in May, reaching $11.5 million. Companies like Verano Holdings Corp. and Curaleaf Holdings Inc are benefiting from the growing market as they produce cannabis for the state's recreational market.

Portfolio Pulse from Jelena Martinovic

June 13, 2023 | 6:16 pm

The Alabama Medical Cannabis Commission has awarded the first round of licenses for medical cannabis production, testing, transportation, and distribution. Verano Alabama, a joint venture by Verano Holdings Corp. (OTCQX:VRNOF), received an integrated facility license. The market is projected to reach sales of up to $695 million by 2028.

Portfolio Pulse from Jelena Martinovic

June 13, 2023 | 4:09 pm

The Washington Liquor and Cannabis Board has appointed Will Lukela as its new director. Several cannabis companies have announced board of directors voting results and recent top appointments, including Pathway Health Corp., Heritage Cannabis Holdings Corp., TILT Holdings Inc., Agra Ventures Ltd., Unrivaled Brands, Inc., One World Products, SNDL Inc., Bloomios, Inc., Sunsoil, Jones Soda Co., RS BioTherapeutics, and Verano Holdings Corp.

Portfolio Pulse from Jelena Martinovic

June 13, 2023 | 1:58 am

Verano Holdings Corp. has secured an Integrated Facility License in Alabama, allowing it to operate a cultivation and processing facility and five retail cannabis dispensaries. The Alabama cannabis market is projected to reach sales of up to $695 million by 2028.

Portfolio Pulse from Joana Scopel

June 13, 2023 | 12:11 am

A coalition of marijuana organizations, industry leaders, and cannabis companies has formed to push for cannabis reform on the federal level. The Coalition for Cannabis Scheduling Reform (CCSR) aims to provide critical information and analysis concerning cannabis scheduling reform. Members include large cannabis operators such as Acreage Holdings, Columbia Care, Cresco Labs, Curaleaf, Green Thumb Industries, PharmaCann, and Verano Holdings.

Portfolio Pulse from Nina Zdinjak

June 07, 2023 | 12:48 pm

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