VERANO HLDGS CORP - VRNOF STOCK NEWS

Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) announced the opening of Zen Leaf Buckhannon, its fifth dispensary in West Virginia and 126th nationwide, on March 31, 2023. Located at 120 Buckhannon Crossroads, the dispensary is positioned near a high-traffic area with daily vehicle counts reaching 50,000, catering to over 23,000 approved medical cannabis patients in the state. Zen Leaf Buckhannon will offer a variety of cannabis products and patient-centric services, including free consultations.

Verano operates across 13 states with 126 dispensaries and 14 cultivation facilities, boasting over 1 million square feet of cultivation capacity.

Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF), a prominent multi-state cannabis company, will release its financial results for Q1 2023 on May 10, 2023, before market opening. An audio conference call is scheduled for the same day at 8:30 a.m. ET to discuss these results. Investors can register for the call through a provided link, and a live webcast will also be available. Verano operates in 14 U.S. states, managing 14 production facilities and over 1 million square feet of cultivation capacity. Its diverse product portfolio includes several trusted cannabis brands aimed at enhancing communal wellness.

Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) reported record revenue of $879 million for 2022, up 19% year-over-year. The company achieved $226 million in revenue for Q4 2022, a 7% increase from Q4 2021. However, it faced a significant net loss of $(269 million for the year, primarily due to a $229 million impairment charge. Despite challenges in the market, management expressed optimism about growth opportunities, leveraging strengths in adult-use markets, especially in New Jersey. The company's gross profit stood at 48% of revenue for the year, with a focus on enhancing efficiencies and expanding retail operations.

Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) has successfully streamlined its capital structure by converting all outstanding Class B proportionate voting shares into Class A subordinate voting shares. Each Class B share was exchanged for 100 Class A shares, resulting in a single class of shares with equal rights. As of March 24, 2023, Verano has 341,774,840 Class A shares outstanding. This change simplifies voting and economic rights, enhancing shareholder clarity. Verano operates in 14 U.S. states and focuses on providing high-quality cannabis products through its various brands.

Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) will release its fourth-quarter and fiscal year financial results for 2022 before the market opens on March 30, 2023. A conference call is scheduled for the same day at 8:30 a.m. ET to discuss the results with analysts and investors. Verano operates in 14 U.S. states, including 13 active markets, and boasts over 1,000,000 square feet of cultivation space. The company focuses on providing high-quality cannabis products through its brands, including Verano, MÜV, and Zen Leaf, enhancing community wellness through regulated access.

Verano Holdings Corp. has opened its 66th Florida dispensary, MÜV Winter Springs, on March 3, 2023. Located at 1315 Tuskawilla Road, it is strategically positioned on a high-traffic route with approximately 34,000 daily vehicles passing. This new outlet enhances Verano's footprint to four locations in the Orlando area and is part of its 125 retail operations across 13 states. Florida's medical cannabis market is experiencing growth, with over 792,000 qualified patients and projected sales reaching $2.5 billion by 2026. MÜV dispensaries offer a diverse product range and patient services.

Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) has opened its 65th Florida dispensary, MÜV West Palm Beach Okeechobee, on February 24, 2023. Located at a high-traffic area on Okeechobee Boulevard, this addition marks a total of 124 retail outlets across the U.S. Florida currently has over 789,000 qualified medical cannabis patients, with sales expected to hit $2.5 billion by 2026. The dispensary offers a wide array of products, including signature brands like Verano Reserve and MÜV. Verano emphasizes patient-centric services, including online ordering and virtual consultations, enhancing accessibility for cannabis patients in the state.

Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) announced the opening of its 16th Pennsylvania dispensary, Zen Leaf Clifton Heights, on February 17, 2023. This location, the first medical cannabis dispensary in Clifton Heights, will serve the local community, which has a population of over 6,700. Verano now operates 123 dispensaries and 14 cultivation facilities across 13 states, with a total cultivation capacity exceeding 1 million square feet. The new dispensary aims to provide convenient access to a wide range of cannabis products, enhancing the company's footprint in the growing Pennsylvania market.

Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) has opened its 64th MÜV dispensary in Florida, located in Orlando Colonial, marking its 122nd dispensary nationwide. The new location, operational from February 10, 2023, is strategically placed on a busy street with over 57,500 vehicles passing daily. This addition complements Verano's retail expansion in Florida, with 23 new MÜV locations since February 2022. The company operates across 13 states with 122 dispensaries and 14 processing facilities, encompassing over 1 million square feet of cultivation capacity. Verano aims to enhance patient access through extensive product offerings and services.