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

Florida Governor Ron DeSantis criticized the cannabis legalization amendment set for the November 2024 ballot, suggesting it would lead to public marijuana consumption near schools. He also targeted cannabis companies supporting the amendment, including Trulieve Cannabis Corp and others, for their financial interests in the amendment's passage.

Portfolio Pulse from Maureen Meehan

April 17, 2024 | 11:20 pm

Darren Weiss commented on the cannabis industry in America, highlighting its domestic production and design, and its potential as a health opportunity. He expressed hope for a change in U.S. policy towards cannabis soon. The Cannabis Capital Conference offers live access for insights into the industry.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 8:08 pm

Darren Weiss comments on the cannabis industry, noting that vape hasn't overtaken the flower sector. Companies need to diversify, covering all categories to meet consumer demands. Weiss highlights the potential in European and global markets for leveraging learning and innovation. He emphasizes the importance of scale, category focus, and brand development as competitive advantages.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 7:58 pm

Darren Weiss commented on achieving a higher ROI by focusing on a slower ramp and limiting offerings in specific markets. The context was provided during a discussion at the Cannabis Capital Conference, which is accessible to both existing and new subscribers.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 7:47 pm

Darren Weiss discusses leveraging intellectual property developed in the U.S. for growth in cannabis methodologies, branding, and retail, highlighting the specialized nature of the industry. Access to the Cannabis Capital Conference is available for both existing and new subscribers.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 7:39 pm

At Benzinga's Cannabis Capital Conference, Verano President Darren Weiss highlighted the company's role in the global cannabis supply chain, projecting the Florida market to reach $3B in the next couple of years and the worldwide market to exceed $100B over the next 6 years.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 7:38 pm

At the Benzinga Cannabis Capital Conference, Verano CIO Aaron Miles stated that the company is actively seeking mergers and acquisitions (M&A) opportunities to expand its footprint in the cannabis industry.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:59 pm

A group of cannabis companies, including Verano Holdings Corp. (OTC:VRNOF), is challenging federal cannabis prohibition in the U.S. District Court for the District of Massachusetts. They seek oral arguments against the DOJ's motion to dismiss, arguing that the federal enforcement oversteps its bounds on matters that should be regulated within the state's jurisdiction. The DOJ justifies prohibition under the Commerce Clause, citing out-of-state tourism boosted by legal cannabis markets. The outcome could impact federal enforcement and the path toward legalization.

Portfolio Pulse from Rolando García

April 15, 2024 | 8:39 pm

The DOJ acknowledged in a court filing that state cannabis legalization has increased tourism, as part of its argument to dismiss a lawsuit by cannabis companies challenging federal prohibition. The lawsuit, led against U.S. Attorney General Merrick Garland by companies including Verano Holdings, Ascend Wellness, TerrAscend, and Green Thumb Industries, argues that federal laws hinder their operations despite state compliance. The DOJ's stance highlights the economic benefits of legalization and asserts federal oversight under the Commerce Clause.

Portfolio Pulse from Patricio Liddle

April 08, 2024 | 10:51 pm

Following a Florida Supreme Court decision, a report by Pablo Zuanic predicts a 400% growth in Florida's cannabis market if legalization passes in Nov. 2024, potentially increasing the market to $6B. Companies like Cansortium, AYR Wellness, iAnthus, SNDL, Trulieve, Planet 13, Cannabist, Cresco, Verano, and Curaleaf are expected to see significant valuation increases. The report also anticipates increased M&A activity and benefits for ancillary service providers like WM Technology.

Portfolio Pulse from Nicolás Jose Rodriguez

April 03, 2024 | 8:36 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.