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

Ohio's upcoming adult-use cannabis market launch is expected to cause initial price surges due to high demand and limited supply. Industry leaders from Verano Holdings and Curaleaf Holdings predict price hikes, with wholesale demand already increasing. The market could reach $2.8 billion in annual sales by 2030.

Portfolio Pulse from Patricio Liddle

June 14, 2024 | 8:29 pm

Cresco Labs (OTC:CRLBF) is highlighted as a top multi-state operator (MSO) in the cannabis industry with strong financial performance and significant growth potential, especially if states like Ohio, Pennsylvania, and Florida legalize recreational cannabis. The company has shown substantial improvement in its financial metrics and is trading at an attractive valuation compared to peers.

Portfolio Pulse from Nicolás Jose Rodriguez

June 13, 2024 | 1:37 am

Maryland's cannabis market offers valuable insights for Ohio as it transitions to recreational sales. Key takeaways include stable sales, high prices, and significant market share held by public multi-state operators like Green Thumb, Curaleaf, and Verano. Ohio can learn from Maryland's experience to anticipate challenges and opportunities.

Portfolio Pulse from Nicolás Jose Rodriguez

June 10, 2024 | 11:20 pm

Verano Holdings (OTC:VRNOF) is projected to see a rise in sales and EBITDA, with potential profitability by 2025. The company is compared favorably against other multi-state operators (MSOs) like Green Thumb (OTC:GTBIF), Curaleaf (OTC:CURLF), Ascend Wellness (OTC:AAWH), and Cresco Labs (OTC:CRLBF).

Portfolio Pulse from Nicolás Jose Rodriguez

June 07, 2024 | 12:17 pm

A new ad campaign in Florida highlights the dangers of unregulated marijuana and advocates for the legalization of cannabis through Amendment 3. The campaign, supported by Smart and Safe Florida and financially backed by Trulieve Cannabis Corp and other cannabis companies, aims to ensure safe and regulated marijuana for adults. The amendment will be voted on in November 2024.

Portfolio Pulse from Maureen Meehan

June 05, 2024 | 8:50 pm

The DEA has clarified that THCA must be included in THC concentration levels to comply with the legal definition of hemp, causing concerns within the hemp industry. This comes as Congress revisits cannabinoid regulations in the Farm Bill, with a key House committee passing an amendment to ban most hemp-derived cannabinoids like delta-8 THC. Major cannabis companies, including Curaleaf Holdings, have expressed opposition to these changes.

Portfolio Pulse from Patricio Liddle

May 28, 2024 | 8:26 pm

The U.S. House Committee on Agriculture approved an amendment to the new Farm Bill that would eliminate most hemp-derived products, including those with any level of THC. This amendment aims to close a loophole from the 2018 Farm Bill that allowed intoxicating hemp products like Delta-8 THC to be sold. The amendment has sparked a divide between the cannabis and hemp industries, with significant opposition from hemp advocates and some cannabis companies supporting stricter regulations.

Portfolio Pulse from Nina Zdinjak

May 24, 2024 | 12:59 pm

The New Jersey cannabis market, particularly the pre-roll segment, has seen significant growth, with sales reaching $25.5 million in the last quarter of 2023. Verano Holdings Corp (OTC:VRNOF) leads the market with a 21% share. The market is projected to grow further, despite regulatory challenges.

Portfolio Pulse from Abbey Higginbotham

May 21, 2024 | 12:21 pm

Smart and Safe Florida has launched a campaign with four ads advocating for the legalization of recreational marijuana in Florida, known as Amendment 3, set for a vote in November 2024. The campaign, supported by major cannabis companies including Trulieve, Verano Holdings, Curaleaf Holdings, AYR Wellness, Cresco Labs, Green Thumb Industries, and INSA, has spent over $5 million on ads. Trulieve alone has contributed over $40 million towards the initiative. The ads emphasize the benefits of a regulated market, including safety, revenue for schools, and freedom from outdated laws.

Portfolio Pulse from Maureen Meehan

May 14, 2024 | 9:21 pm

Florida's cannabis market is expanding with new dispensaries from Green Thumb Industries, Verano Holdings, and Trulieve Cannabis. Other states and Canada also see growth in cannabis retail, with new stores and expansions from various companies including High Tide Inc. and Right on Brands.

Portfolio Pulse from Jelena Martinovic

May 13, 2024 | 3:18 pm

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