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

The Libertarian Party of Florida has endorsed the adult-use cannabis legalization measure, signaling a shift in voter sentiment. Hemp executives have pledged $5M to Florida's GOP after Governor DeSantis vetoed a bill that would have impacted the hemp industry. Major cannabis companies like Trulieve, Curaleaf, and Verano are expanding their market presence in Florida. Verano and Curaleaf are set to report their Q2 results on August 7th, with expectations of lower-end revenue and EBITDA estimates.

Portfolio Pulse from Nicolás Jose Rodriguez

July 16, 2024 | 2:19 am

Pennsylvania's budget approval excludes recreational cannabis legalization, impacting Jushi Holdings and TILT Holdings. Both companies had invested heavily in anticipation of legalization. Jushi's stock declined, while TILT's stock saw a slight increase. The news highlights the importance of state-level decisions for the cannabis industry.

Portfolio Pulse from Nicolás Jose Rodriguez

July 16, 2024 | 2:06 am

A federal court has dismissed a lawsuit from major marijuana companies, including Verano Holdings Corp. (OTC:VRNOF), that sought to prevent the U.S. government from enforcing cannabis prohibition against their in-state activities. The court ruled that existing Supreme Court precedents restrict its authority to alter federal regulations on controlled substances.

Portfolio Pulse from Franca Quarneti

July 01, 2024 | 11:18 pm

The Viridian Chart of the Week analyzes the relationship between financial strength and YTD stock performance of 30 MSO/SSOs. Group 1, consisting of the strongest companies, has shown significant gains, while weaker groups have underperformed. Investors are advised to focus on stronger companies like Verano, Trulieve, and Cresco, with potential targeted investments in lower strength companies with positive catalysts.

Portfolio Pulse from Viridian Capital Advisors

June 24, 2024 | 5:12 pm

Florida's cannabis legalization amendment has shattered fundraising records, with Smart & Safe Florida raising over $40 million. Trulieve (OTCQX:TCNNF) has been the largest donor, contributing over $54 million. Other cannabis companies like Verano Holdings (OTCQX:VRNOF), Curaleaf Holdings (OTCQX:CURLF), AYR Wellness (OTCQX:AYRWF), Cresco Labs (OTCQX:CRLBF), and Green Thumb Industries (OTCQX:GTBIF) have also contributed. Despite opposition from Gov. Ron DeSantis, the amendment has strong public support.

Portfolio Pulse from Maureen Meehan

June 24, 2024 | 12:53 pm

The New York Cannabis Control Board approved home cultivation rules, allowing adults to grow weed at home. New cannabis retail locations are opening in New York, Maryland, Florida, Ohio, Illinois, Virginia, and beyond US borders. Companies like TerrAscend, Verano Holdings, Klutch Cannabis, The Cannabist Company, Ascend Wellness, and High Tide are expanding their retail footprints.

Portfolio Pulse from Jelena Martinovic

June 21, 2024 | 7:32 pm

The U.S. cannabis market presents a significant investment opportunity, particularly for multi-state operators (MSOs) like Green Thumb Industries, Curaleaf, Trulieve, Verano, and Cresco. Despite current market volatility and challenges, the potential rescheduling of cannabis and the passage of the SAFER Banking Act could drive substantial growth. The AdvisorShares Pure US Cannabis ETF (MSOS) includes these key players, which are well-positioned for long-term growth.

Portfolio Pulse from Javier Hasse

June 18, 2024 | 8:11 pm

The article compares the YTD stock performance of two baskets of cannabis-related stocks: top five MSOs and top five cannabis lenders. The lender group outperformed the MSO basket and the MSOS ETF. The article suggests diversification in cannabis investments, highlighting the stability of lenders and the potential upside of MSOs.

Portfolio Pulse from Viridian Capital Advisors

June 17, 2024 | 6:13 pm

Verano Holdings Corp. and Curaleaf Holdings Inc. are investing in the local New Jersey cannabis market, repurposing vacant spaces like an abandoned Walmart to boost the local economy. Verano has opened a cultivation facility and dispensary, while Curaleaf operates six locations in the state. NewLake Capital is also partnering with local tenants. The cannabis market in New Jersey is growing, with over $800 million in sales and significant job growth.

Portfolio Pulse from Anthony Noto

June 17, 2024 | 5:02 pm

Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX: VRNOF) has announced a $50 million share repurchase program for its class A subordinate voting shares listed on Cboe Canada. The program aims to support the stock and return cash to shareholders, with purchases to be made over a 12-month period ending June 13, 2025. The company emphasizes its commitment to operational excellence and capital discipline.

Portfolio Pulse from Nina Zdinjak

June 17, 2024 | 1:56 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.