Welcome to our dedicated page for Verano Hldgs news (Ticker: VRNOF), a resource for investors and traders seeking the latest updates and insights on Verano Hldgs stock.
Verano Holdings Corp. (VRNOF) is a vertically integrated cannabis operator with cultivation, production, and retail facilities across regulated U.S. markets. This page aggregates official announcements, financial disclosures, and strategic developments for stakeholders tracking the company’s progress in the evolving cannabis sector.
Investors will find timely updates on quarterly earnings, regulatory compliance milestones, and expansion initiatives like recent entries into new state markets. All content is sourced directly from company filings and verified media partners to ensure accuracy.
The archive includes press releases covering product launches, partnership agreements, and operational updates. Analytical reports detail Verano’s market positioning through retail footprint growth and brand portfolio development.
Bookmark this page for streamlined access to VRNOF’s latest news. Check regularly for updates on legislative changes impacting operations and the company’s responses to industry trends.
Verano Holdings has announced the commencement of adult use cannabis sales at Zen Leaf Waterbury in Connecticut, completing the conversion of all five Connecticut Zen Leaf dispensaries from medical to hybrid sales. Located at 237 East Aurora Street in Waterbury, Connecticut's fifth-largest city, the dispensary features enhanced amenities including digital kiosks, 95 parking spaces, and access to the Cabbage Club™ membership program.
The location will operate Monday through Saturday, serving medical patients from 8 a.m. to 8 p.m. and adult use customers from 10 a.m. to 8 p.m. The grand opening celebration includes special promotions, food trucks, and demonstrations. Verano maintains a significant presence in Connecticut with five Zen Leaf locations and a 217,000 square-foot CTPharma cultivation facility in Rocky Hill.
Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX: VRNOF), a leading multi-state cannabis company, has announced its plans to release financial results for the third quarter ended September 30, 2024, on Thursday, November 7, 2024, before the market opens. The company will host a conference call and webcast with analysts and investors on the same day at 8:30 a.m. ET / 7:30 a.m. CT to discuss the results and answer questions.
Interested parties can register in advance for the call through a provided link. The live webcast will be accessible via a separate link, and both the live and archived versions will be available on the Events and Presentations page of Verano's investor relations website at investors.verano.com.
Verano Holdings Corp. (OTCQX: VRNOF) announced the grand opening of Zen Leaf Arcadia in Phoenix, AZ, on September 27th. The dispensary, formerly known as Local Joint, has relocated to 2710 E Indian School Road, a busy thoroughfare with over 54,000 daily vehicles. This opening follows Verano's recent acquisition of Arizona and Virginia operations from The Cannabist Company, expanding its Arizona footprint to eight retail locations and 90,000 square feet of cultivation and processing capacity.
Zen Leaf Arcadia will offer enhanced features including additional point-of-sale stations, increased parking, and an original cannabis-inspired mural. The grand opening weekend will feature food trucks, DJs, and special deals. Verano's active operations now span 14 states, with 152 dispensaries and 15 cultivation and processing facilities, totaling over 1.1 million square feet of cultivation capacity.
Verano Holdings Corp. (OTCQX: VRNOF) has launched the 'Save the Bits' fundraising campaign for Breast Cancer Awareness Month. Starting October 1st, a portion of proceeds from sales of BITS™ edibles across hundreds of dispensaries in eight states will be donated to the Lynn Sage Breast Cancer Foundation.
The campaign involves 225 dispensaries, including 134 Zen Leaf and MÜV locations, and 91 participating third-party dispensaries. Nearly 40 third-party cannabis companies are participating through in-store and digital activations in Arizona, Florida, Illinois, Maryland, Massachusetts, Nevada, New Jersey, and Pennsylvania.
Since 2021, Verano has collaborated with the Lynn Sage Breast Cancer Foundation, generating over $250,000 in proceeds. Supporters can use the hashtag #SaveTheBits on social media for a chance to win a custom t-shirt, which will also be available for sale at participating Verano retail dispensary locations.
Verano Holdings Corp. (OTCQX: VRNOF) has expanded its Florida retail footprint with the openings of MÜV Melbourne and MÜV Okeechobee, bringing its total to 79 dispensaries in the state and 152 nationwide. The new locations will serve Brevard County (606,000+ residents) and Okeechobee County (41,000+ residents) respectively.
Key points:
- MÜV Melbourne is the company's 2nd location in Melbourne and 3rd in Brevard County
- MÜV Okeechobee expands Verano's presence in south central Florida
- Verano operates across 14 states with 152 dispensaries and 15 cultivation facilities
- The company supports the Smart and Safe Florida campaign for adult-use cannabis legalization
- Both new dispensaries offer a wide range of products and personalized customer service
Verano Holdings Corp. (OTCQX: VRNOF), a leading multi-state cannabis company, has announced its participation in upcoming conferences. Key events include:
1. ATB Capital Markets 2024 Fall Life Sciences Institutional Investor Conference on September 18, 2024, in New York, NY. Aaron Miles, Chief Investment Officer, will join investor meetings and a panel on Florida and other cannabis catalysts.
2. Benzinga Cannabis Capital Conference in Chicago, IL, on October 8-9, 2024. Multiple Verano executives will participate:
- Darren Weiss, President, on a panel discussing life after 280E
- George Archos, Founder, Chairman and CEO, in the Day 1 Closing Keynote Discussion
- Julianna Paterra, VP of Investor Relations, on a panel about cannabis capital markets outlook for 2025
These events provide opportunities for Verano to share insights on industry trends and company strategies.
Verano Holdings Corp. (OTCQX: VRNOF) has closed acquisitions of three subsidiaries from The Cannabist Company, expanding its footprint to 14 states, 15 cultivation and production facilities, and 150 dispensaries nationwide. The deal includes:
1. Arizona Operations: Gaining an active cultivation facility and two dispensaries in Tempe and Prescott, increasing Verano's retail presence to eight locations in the state.
2. Virginia Operations: Becoming the exclusive cannabis operator in HSA 5 in Eastern Virginia, acquiring a cultivation facility and six operational dispensaries in key cities.
The total consideration was $105 million, with $15 million for Arizona paid in cash, and $90 million for Virginia paid through a mix of cash, shares, and a promissory note. This strategic move strengthens Verano's market position and prepares for potential adult-use legalization in Virginia.
Verano Holdings Corp. (OTCQX: VRNOF) reported its Q2 2024 financial results. Key highlights include:
- Revenue of $222 million, up 0.5% from Q1 2024 but down 5% year-over-year
- Gross profit of $114 million (51% of revenue)
- Net loss of $22 million (10% of revenue)
- Adjusted EBITDA of $71 million (32% of revenue)
The company expanded its retail footprint, opening new MÜV and Zen Leaf dispensaries. Verano also announced a share repurchase program and entered an agreement to acquire operations in Virginia and Arizona. The company is prepared to leverage near-term catalysts, including Ohio's adult-use sales launch and potential adult-use legalization in Florida and Pennsylvania.
Verano Holdings Corp. (OTCQX: VRNOF) is set to begin adult use cannabis sales in Ohio on August 6th, 2024, at four of its five Zen Leaf dispensaries. This marks the end of cannabis prohibition in the state. Verano will open a sixth location in Antwerp, near the Indiana border. The company operates in 13 states with 142 dispensaries and 13 cultivation facilities. Verano recently announced an agreement to acquire operations in Eastern Virginia and Arizona, which will expand its presence to 14 states and 150 dispensaries.
Verano offers a wide range of cannabis products under various brands, including Verano™ Reserve, Savvy™, BITS™, Encore™ Edibles, and Avexia™. The company's CEO, George Archos, highlighted the significance of this milestone for Ohio, emphasizing job creation, economic development, and social progress.
Verano Holdings Corp. (OTCQX: VRNOF) has announced agreements to acquire operations in Virginia and Arizona from The Cannabist Company Holdings Inc. Key highlights include:
1. Acquisition of Virginia Operations for $90 million, including one cultivation facility and six dispensaries in HSA 5, serving nearly two million residents.
2. Purchase of Arizona Operations for $15 million, adding one cultivation facility, one production facility, and two dispensaries.
3. Expansion of Verano's footprint to 14 states, 15 cultivation and production facilities, and 150 dispensaries.
4. The deal positions Verano for growth in Virginia's upcoming adult-use cannabis market and strengthens its presence in Arizona.
5. The Cannabist Company will maintain operations in Virginia's Richmond region (HSA 4) and exit the Arizona market.
