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Verano Holdings Corp (VRNOF) is a leading cannabis operator in the United States, with a focus on producing high-quality products and building strong customer relationships. The company's core business includes cultivation, production, and distribution of a wide range of cannabis products, including flower, edibles, and concentrates. Verano has been expanding its footprint through strategic partnerships and acquisitions, positioning itself as a key player in the rapidly growing cannabis industry.
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Verano Holdings Corp. plans to list its Class A subordinate voting shares on Cboe Canada, delisting from the Canadian Securities Exchange. The transition does not require recapitalization or corporate restructuring. The move is expected to provide improved access to liquidity and potential inclusion in global benchmarks. Final approval is subject to customary conditions and delisting approval from the Canadian Securities Exchange.
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Verano Holdings Corp. announces the launch of its third annual campaign supporting the Lynn Sage Breast Cancer Foundation for Breast Cancer Awareness Month. The campaign will take place in eleven states and customers will receive exclusive rewards with each purchase. Verano's partnership with the foundation began in 2021 and has expanded to more states.
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Verano Holdings Corp. plans to release financial results for Q3 2023 on November 8, 2023. A conference call and webcast with analysts and investors is scheduled for the same day.
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Verano Holdings Corp. launches Round Up for Cannabis Reform program to support Mission Green's cannabis clemency and criminal justice reform initiatives.
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Verano Holdings Corp. announces participation in upcoming conferences
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Verano Holdings Corp. (VRNO) achieved record quarterly revenue of $234 million and raised its 2023 Free Cash Flow guidance to $65-75 million. The company's financial results for Q2 2023 reflect a 5% year-over-year revenue increase and a 3% increase from the previous quarter. Verano's gross profit was $115 million, representing 49% of revenue, and the company reported an adjusted EBITDA of $72 million or 31% of revenue for the quarter.
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FAQ
What is the current stock price of VERANO HLDGS (VRNOF)?
The current stock price of VERANO HLDGS (VRNOF) is $1.28 as of December 24, 2024.
What is the market cap of VERANO HLDGS (VRNOF)?
The market cap of VERANO HLDGS (VRNOF) is approximately 485.4M.
What is Verano Holdings Corp known for?
Verano Holdings Corp is known for being a leading cannabis operator in the United States, specializing in the cultivation, production, and distribution of high-quality cannabis products.
What are Verano's core business activities?
Verano's core business activities include cultivating cannabis, producing various cannabis products such as flower, edibles, and concentrates, and distributing these products to customers.
How does Verano Holdings Corp stand out in the cannabis industry?
Verano Holdings Corp stands out in the cannabis industry by focusing on quality, customer relationships, and strategic partnerships to expand its market presence and establish itself as a key player in the industry.
What is Verano's strategy for growth and expansion?
Verano's strategy for growth and expansion involves strategic partnerships, acquisitions, and consistent product innovation to meet the evolving needs of the market and enhance its competitive position.
Who are the key executives at Verano Holdings Corp?
Key executives at Verano Holdings Corp include Grace Bondy, Senior Manager of Communications, and Julianna Paterra, Vice President of Investor Relations.
What sets Verano apart from its competitors?
Verano sets itself apart from its competitors through its commitment to quality, innovation, and customer satisfaction, which have helped build a strong brand reputation in the cannabis industry.
How does Verano Holdings Corp ensure compliance with regulations?
Verano Holdings Corp ensures compliance with regulations by staying informed about local regulations, maintaining transparent operations, and working closely with regulatory authorities.
What recent achievements has Verano Holdings Corp celebrated?
Verano Holdings Corp has recently celebrated achievements such as strong financial performance, successful operational highlights, and expansions into new markets.
How can investors get in touch with Verano Holdings Corp?
Investors can get in touch with Verano Holdings Corp through the contact information provided, including email addresses for media inquiries and investor relations.
What is Verano's mission and vision for the future?
Verano's mission is to provide high-quality cannabis products to customers while maintaining a focus on innovation, sustainability, and community engagement. The company's vision is to become a leading player in the cannabis industry, known for its excellence and customer satisfaction.
VERANO HLDGS CORP
OTC:VRNOF
VRNOF Rankings
VRNOF Stock Data
485.42M
302.30M
15.59%
10.6%
Drug Manufacturers - Specialty & Generic
Healthcare
United States of America
Chicago