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Verano Holdings Corp (QX)

Verano Holdings Corp (QX) (VRNOF)

0.6565
0.0165
(2.58%)
Closed 12 March 7:00AM

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Key stats and details

Current Price
0.6565
Bid
0.58
Offer
0.916
Volume
535,202
0.60 Day's Range 0.677
0.60 52 Week Range 6.50
Market Cap
Previous Close
0.64
Open
0.615
Last Trade
1150
@
0.6565
Last Trade Time
Financial Volume
US$ 341,784
VWAP
0.638608
Average Volume (3m)
632,557
Shares Outstanding
356,925,414
Dividend Yield
-
PE Ratio
-2.01
Earnings Per Share (EPS)
-0.33
Revenue
938.45M
Net Profit
-117.35M

About Verano Holdings Corp (QX)

Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF), one of the U.S. cannabis industrys leading companies based on historical revenue, geographic scope and brand performance, is a vertically integrated, multi-state operator embracing a mission of saying Yes to plant progress and the bold exploration of... Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF), one of the U.S. cannabis industrys leading companies based on historical revenue, geographic scope and brand performance, is a vertically integrated, multi-state operator embracing a mission of saying Yes to plant progress and the bold exploration of cannabis. Verano offers a superior cannabis shopping experience in medical and adult use markets under the Zen Leaf and MV dispensary banners and produces a comprehensive suite of high-quality, regulated cannabis products sold under its diverse portfolio of trusted consumer brands including Verano, MV, Savvy, BITS, Encore, and Avexia. Veranos active operations span 13 U.S. states, comprised of 14 production facilities with over 1,000,000 square feet of cultivation capacity. Learn more at www.verano.com. Show more

Sector
Miscellaneous Metal Ores,nec
Industry
Medicinal Chems,botanicl Pds
Website
Headquarters
Chicago, Illinois, USA
Founded
2014
Verano Holdings Corp (QX) is listed in the Miscellaneous Metal Ores sector of the OTCMarkets with ticker VRNOF. The last closing price for Verano (QX) was US$0.64. Over the last year, Verano (QX) shares have traded in a share price range of US$ 0.60 to US$ 6.50.

Verano (QX) currently has 356,925,414 shares in issue. The market capitalisation of Verano (QX) is US$228.43 million. Verano (QX) has a price to earnings ratio (PE ratio) of -2.01.

VRNOF Latest News

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.1035-13.61842105260.760.890.66590110.68221484CS
4-0.6135-48.30708661421.271.280.66910560.83608813CS
12-0.5135-43.88888888891.171.50.66325571.08078723CS
26-2.6235-79.98475609763.283.970.66140681.72948531CS
52-4.0835-86.14978902954.746.50.65122762.86479091CS
156-9.1835-93.32825203259.8410.70.64113694.13962639CS
260-24.5635-97.396907216525.22280.63844645.90367424CS

VRNOF - Frequently Asked Questions (FAQ)

What is the current Verano (QX) share price?
The current share price of Verano (QX) is US$ 0.6565
How many Verano (QX) shares are in issue?
Verano (QX) has 356,925,414 shares in issue
What is the market cap of Verano (QX)?
The market capitalisation of Verano (QX) is USD 228.43M
What is the 1 year trading range for Verano (QX) share price?
Verano (QX) has traded in the range of US$ 0.60 to US$ 6.50 during the past year
What is the PE ratio of Verano (QX)?
The price to earnings ratio of Verano (QX) is -2.01
What is the cash to sales ratio of Verano (QX)?
The cash to sales ratio of Verano (QX) is 0.25
What is the reporting currency for Verano (QX)?
Verano (QX) reports financial results in USD
What is the latest annual turnover for Verano (QX)?
The latest annual turnover of Verano (QX) is USD 938.45M
What is the latest annual profit for Verano (QX)?
The latest annual profit of Verano (QX) is USD -117.35M
What is the registered address of Verano (QX)?
The registered address for Verano (QX) is 224 W HILL STREET,SUITE 400, CHICAGO, ILLINOIS, 60610
What is the Verano (QX) website address?
The website address for Verano (QX) is www.verano.com
Which industry sector does Verano (QX) operate in?
Verano (QX) operates in the MEDICINAL CHEMS,BOTANICL PDS sector

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VRNOF Discussion

View Posts
zeusgodmd zeusgodmd 1 day ago
Company needs to buy back shares at these levels get their float similar to trueleave 
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zeusgodmd zeusgodmd 2 days ago
What a great opportunity I washed my shares out and rebought today. 
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zeusgodmd zeusgodmd 1 month ago
Got my ballot to sent to Tallahassee to put it back on 2026 vote
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zeusgodmd zeusgodmd 2 months ago
Well if your in Chicagoc criminal activity is going he norm
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zeusgodmd zeusgodmd 2 months ago
Vrnof needs to buy back 100 million shares to get back with trueleve 
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zeusgodmd zeusgodmd 3 months ago
Trump on our side watch Rolling Stones interview 
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zeusgodmd zeusgodmd 3 months ago
Currently have a few days left before people pile back in after 30 days of big sell off
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Canna_Business Canna_Business 4 months ago
The Maryland Department of Agriculture allows medical cannabis to be sprayed with neem oil during the flowering phase.

The lack of oversight from the tobacco and firearms (ATF) could lead to future potential lawsuits regarding public health and consumer safety.
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zeusgodmd zeusgodmd 4 months ago
Company at risk of getting bought out down here 
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zeusgodmd zeusgodmd 4 months ago
2 million shares recovered hopefully Vrnof got half of them
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zeusgodmd zeusgodmd 4 months ago
Problem with only retail investors probably some institutions are saying we got to buy
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zeusgodmd zeusgodmd 4 months ago
Seem to be lagging with trueleave but following
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zeusgodmd zeusgodmd 4 months ago
Company needs to buy more shares back.  
👍 1
Canna_Business Canna_Business 5 months ago
How Companies Are Selling THCa Online Without a License:

The 2018 Farm Bill has created a legal loophole for selling THCa online. THCa, which is non-psychoactive until heated, can be sold legally if it tests under 0.3% Delta-9 THC on a dry weight basis. This allows companies to bypass traditional cannabis licensing and state regulations.

Key Points:

2018 Farm Bill: Permits cannabis products with under 0.3% Delta-9 THC.

THCa Products: Non-psychoactive until heated but converts to Delta-9 THC when smoked or vaped.

No License Needed: THCa meets legal THC limits, avoiding the need for a cannabis license.

Consumer Impact: Consumers can buy THCa products online, evading stricter state cannabis laws.

Summary: The 2018 Farm Bill has inadvertently allowed THCa products to be sold legally online by staying within THC limits, despite their psychoactive potential when heated.

For example,
https://www.reddit.com/r/CultoftheFranklin/
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zeusgodmd zeusgodmd 5 months ago
Pressure building last of the cheap ones. Vrnof can only buy 50percent of stock buy back per day. They are buying 50 million dollars back of stock
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zeusgodmd zeusgodmd 5 months ago
Loaded a little today
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zeusgodmd zeusgodmd 5 months ago
Should cruise to 6$
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zeusgodmd zeusgodmd 5 months ago
Tic tok clock running out
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zeusgodmd zeusgodmd 5 months ago
Last 2 weeks before Florida vote
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Bazwar6 Bazwar6 5 months ago
https://themarijuanaherald.com/2024/10/us-house-bill-to-deschedule-marijuana-nationwide-and-allow-expungements-gains-96th-sponsor/
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olivernoyes olivernoyes 5 months ago
I suspect this has to do with quarterly fund rebalancing. I've noticed unusually high volume in handful of other stocks too.
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zeusgodmd zeusgodmd 5 months ago
Crooks buying shares before the rise
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zeusgodmd zeusgodmd 5 months ago
After hours 1.75millon shares sold how illegal is that
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zeusgodmd zeusgodmd 5 months ago
Where did 1.8 million shares come from
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zeusgodmd zeusgodmd 6 months ago
Volume needs to pick up company want to buy there shares back
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zeusgodmd zeusgodmd 6 months ago
Nice move only going to get better til November
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Bazwar6 Bazwar6 6 months ago
https://www.marijuanamoment.net/harris-campaign-omits-marijuana-from-new-issues-page-as-trump-earns-praise-for-backing-legalization/
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Canna_Business Canna_Business 6 months ago

How Companies Are Selling THCa Online Without a License:

The 2018 Farm Bill has created a legal loophole for selling THCa online. THCa, which is non-psychoactive until heated, can be sold legally if it tests under 0.3% Delta-9 THC on a dry weight basis. This allows companies to bypass traditional cannabis licensing and state regulations.

Key Points:

2018 Farm Bill: Permits cannabis products with under 0.3% Delta-9 THC.

THCa Products: Non-psychoactive until heated but converts to Delta-9 THC when smoked or vaped.

No License Needed: THCa meets legal THC limits, avoiding the need for a cannabis license.

Consumer Impact: Consumers can buy THCa products online, evading stricter state cannabis laws.

Summary: The 2018 Farm Bill has inadvertently allowed THCa products to be sold legally online by staying within THC limits, despite their psychoactive potential when heated.

For example,
https://www.prestonherbco.com/products/100-ozs
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zeusgodmd zeusgodmd 6 months ago
Stock is crazy cheap votes in Florida in November should pass should rise soon. Good luck to all on this sleeper stock
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Bazwar6 Bazwar6 7 months ago
https://www.marijuanamoment.net/senator-says-harris-will-be-ready-to-sign-marijuana-reform-bills-if-elected-president/
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Bazwar6 Bazwar6 8 months ago
https://www.cannabisbusinesstimes.com/news/verano-zen-leaf-medical-cannabis-dispensary-opening-fairless-hills-pennsylvania/
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Bazwar6 Bazwar6 8 months ago
I'm not complaining… why are we up so much today?
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Bazwar6 Bazwar6 8 months ago
https://floridapolitics.com/archives/684986-group-backing-recreational-pot-amendment-raises-another-314k-as-ron-desantis-ramps-up-attack-messaging/
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zeusgodmd zeusgodmd 8 months ago
They bought enough today to hold it down and load there boats
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zeusgodmd zeusgodmd 8 months ago
Nice volume day verono happy to buy some shares back today
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zeusgodmd zeusgodmd 8 months ago
Biden steps aside and Harris runs we will see Mj stocks pop and we go to class 3 status and institutions can start buying shares we will see 15$ this year
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zeusgodmd zeusgodmd 8 months ago
Picked up 120 k today thanks will see you in November
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Bazwar6 Bazwar6 9 months ago
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Alwaysbmikki Alwaysbmikki 9 months ago
50 million shares.
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Bazwar6 Bazwar6 9 months ago
https://www.stocktitan.net/news/VRNOF/verano-announces-share-repurchase-urfjm0m6fekb.html
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Bazwar6 Bazwar6 9 months ago
https://www.marketbeat.com/instant-alerts/otcmkts-vrnof-options-data-report-2024-06-14/
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Bazwar6 Bazwar6 1 year ago
https://www.marketbeat.com/instant-alerts/otcmkts-vrnof-analyst-earnings-estimates-2024-03-04/
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zeusgodmd zeusgodmd 1 year ago
Let’s go with scheduling to 3
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zeusgodmd zeusgodmd 1 year ago
Pennsylvania and Florida legalizing mj in 2025. And moving up to number 3 will make this stock shoot up this week maybe
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zeusgodmd zeusgodmd 1 year ago
I’m right up up up!!
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zeusgodmd zeusgodmd 1 year ago
Good day almost 2 million shares tell me it’s time to get in
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zeusgodmd zeusgodmd 1 year ago
Should follow trulieve going up to the clouds
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GE_Jim GE_Jim 1 year ago
FYI-Verano Opens MUV(TM) Satellite Beach, Elevating the Company's Retail Footprint to 72 Florida Dispensaries and 135 Locations Nationwide
6:00 am ET October 27, 2023 (Globe Newswire) Print
GlobeNewswireOctober 27, 2023
Located at 106 Florida Highway A1A, MUV Satellite Beach bolsters the Company's retail presence in Brevard County, an area with more than 606,000 residents1
MUV Satellite Beach joins nearby MUV dispensaries in Titusville, Merritt Island and West Melbourne
Verano's active operations span 13 states, comprised of 135 dispensaries and 14 cultivation and processing facilities with more than 1 million square feet of cultivation capacity



CHICAGO, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Verano Holdings Corp. (NEO: VRNO) (OTCQX: VRNOF) ("Verano" or the "Company"), a leading multi-state cannabis company, today announced the opening of MUV Satellite Beach on Friday, October 27, the Company's 72nd Florida dispensary and 135th location nationwide. MUV Satellite Beach, located on 106 Florida Highway A1A, will be open Monday through Saturday from 9 a.m. to 7 p.m. and Sunday from 11 a.m. to 5 p.m., local time.

Situated in Brevard County which counts more than 606,000 residents1, MUV Satellite Beach strengthens Verano's presence along the Atlantic Coast, complementing existing MUV dispensaries in Titusville, Merritt Island and West Melbourne.

"As we further expand our retail footprint across Florida, we're thrilled to open a new MUV dispensary in beautiful Satellite Beach, where we'll offer patients our extensive variety of high quality cannabis products," said Joel Noonan, EVP of the Southern Region. "Like the rest of Florida, Satellite Beach continues to experience population growth over the last decade, and we're excited for MUV to join this thriving community where our talented and compassionate team will proudly serve area patients for years to come."

MUV dispensaries feature online menus for effortless browsing of Verano's extensive, award-winning product selection spanning an array of categories, including Verano Reserve(TM), MUV and Sweet Supply(TM) flower; Encore(TM) edibles; On the Rocks(TM) concentrates and extracts; and Savvy(TM) flower and extracts. MUV also offers one-on-one virtual and in-store consultations at no cost to patients and provides patient-centric concierge services via phone, email, web chat and text to address patient questions and inquiries.

For additional convenience and accessibility, patients can visit muvfl.com or the MUV mobile application - available in the Google Play and Apple App stores - for additional information and to place orders for express in-store pickup.

Product images, logos and b-roll footage are available on the Company Newsroom.

About Verano

Verano Holdings Corp. (NEO: VRNO) (OTCQX: VRNOF), one of the U.S. cannabis industry's leading companies based on historical revenue, geographic scope and brand performance, is a vertically integrated, multi-state operator embracing a mission of saying Yes to plant progress and the bold exploration of cannabis. Verano offers a superior cannabis shopping experience in medical and adult use markets under the Zen Leaf(TM) and MUV(TM) dispensary banners and produces a comprehensive suite of high-quality, regulated cannabis products sold under its diverse portfolio of trusted consumer brands including Verano(TM), MUV(TM), Savvy(TM), BITS(TM), Encore(TM), and Avexia(TM). Verano's active operations span 13 U.S. states, comprised of 14 production facilities with over 1,000,000 square feet of cultivation capacity. Learn more at www.verano.com.
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olivernoyes olivernoyes 2 years ago
https://www.msn.com/en-us/money/news/rescheduling-pot-will-make-us-significantly-more-profitable-says-verano-ceo-george-archos/vi-AA1g3Zn7?ocid=msedgntp&cvid=4db48358103b4852b71eb67690e315c0&ei=32
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GE_Jim GE_Jim 2 years ago
Verano Holdings Corp. (VRNOF) Reports Q2 Loss, Tops Revenue Estimates
8:05 am ET August 8, 2023 (Zacks) Print
Verano Holdings Corp. (VRNOF) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to loss of $0.03 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -100%. A quarter ago, it was expected that this company would post a loss of $0.07 per share when it actually produced a loss of $0.03, delivering a surprise of 57.14%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

Verano Holdings Corp., which belongs to the Zacks Medical - Products industry, posted revenues of $234.12 million for the quarter ended June 2023, surpassing the Zacks Consensus Estimate by 1.48%. This compares to year-ago revenues of $223.66 million. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Verano Holdings Corp. Shares have lost about 7.1% since the beginning of the year versus the S&P 500's gain of 17.7%.

What's Next for Verano Holdings Corp.

While Verano Holdings Corp. Has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Verano Holdings Corp. Mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
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