Verano Hldgs - VRNOF STOCK NEWS

Verano Holdings Corp. accelerates its retail expansion with the opening of MÜV Haines City, marking its 75th location in Florida and 140th nationwide. Situated in Polk County, the new dispensary enhances the Company's presence in central Florida, offering a wide range of high-quality products and patient-centric care. Verano also supports the Smart and Safe Florida campaign advocating for the legalization of adult-use cannabis in the state.

Verano Holdings Corp. announced its first quarter 2024 financial results, achieving $221 million in revenue, exceeding guidance, and increasing gross profit margin by 300 basis points year over year. The company reported key financial metrics and operational highlights, including revenue growth, margin improvement, and strategic developments in the cannabis industry.

Verano Holdings Corp. expands its retail presence in Connecticut with the opening of Zen Leaf Naugatuck, the company's third social equity joint venture location and fifth dispensary statewide. The new dispensary, located at 585 South Main Street, serves both medical patients and adult use customers and is part of the company's plan to open six social equity joint venture dispensaries across the state. The opening ceremony will be held on May 3rd, featuring a ribbon-cutting event with local community organizations.

Verano is actively operating in 13 states with 139 dispensaries and 14 cultivation and processing facilities, boasting over 1 million square feet of cultivation capacity.

Verano Holdings Corp. announced the release of financial results for the first quarter of 2024, scheduled for May 8, 2024. A conference call and webcast will follow to discuss the results with analysts and investors.

Verano Holdings Corp. launches Cabbage Club™, a unique national cannabis membership club offering exclusive benefits to cannabis enthusiasts. Members can enjoy monthly store credits, coupons, merchandise, early product access, line-skipping privileges, concierge service, and more. The club kicks off in New Jersey and Illinois and will expand to Verano's 138 dispensaries in 13 states. Founding Members can join at a discounted rate for a time.

Verano Holdings Corp. announced record revenue of $938 million for the full year 2023, with a 7% year-over-year increase. The company also reported a net loss of $(117) million, adjusted EBITDA of $305 million, and generated $73 million in free cash flow. Despite a $9 million fixed asset impairment, Verano remains optimistic for 2024's growth opportunities.

Verano Holdings Corp. announces executive team participation in upcoming conferences focusing on cannabis industry insights and economic indicators.

Verano Holdings Corp. reported record revenue of $938 million for 2023, with a 16% increase in net cash provided by operating activities to $110 million. The company generated $73 million in free cash flow, meeting guidance. Full year highlights include a 7% increase in revenue year-over-year, reaching $938 million, and a gross profit of $475 million. The company's CEO, George Archos, expressed pride in the company's performance and optimism for future growth opportunities in 2024.

Verano Holdings Corp. announces the grand opening of Zen Leaf Norristown, the Company’s 18th affiliated dispensary in Pennsylvania, enhancing its footprint in the key market. The dispensary offers a drive-through window, in-store kiosks, and a variety of high-quality cannabis products. Verano's active operations span 13 states with 138 dispensaries and 14 cultivation facilities.