Verano (VRNOF) to Release Earnings on Wednesday

Verano (OTCMKTS:VRNOF) is expected to be posting its results before the market opens on Wednesday, May 6th. Analysts expect Verano to post earnings of ($0.0380) per share and revenue of $206.0170 million for the quarter.

Verano Stock Performance

Verano stock opened at $1.26 on Monday. The stock has a 50-day moving average of $1.26 and a two-hundred day moving average of $1.28. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.16 and a current ratio of 2.69. Verano has a one year low of $0.41 and a one year high of $3.58. The stock has a market cap of $455.89 million, a PE ratio of -1.29 and a beta of 0.87.

Verano announced that its board has approved a share repurchase plan on Thursday, April 30th that allows the company to repurchase $20.00 million in shares. This repurchase authorization allows the company to purchase up to 4.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Verano Company Profile

Verano Holdings Inc (OTCMKTS: VRNOF) is a vertically integrated cannabis company engaged in cultivation, processing and retail operations across the United States. The company focuses on both medical and adult‐use markets, operating high‐quality cultivation facilities and dispensaries under several retail brands. Through its cultivation network, Verano produces flower, pre‐rolls, concentrates, vape cartridges, edibles and topicals, aiming to serve a wide range of consumer preferences and therapeutic applications.

Verano’s retail footprint extends across multiple states and territories, including Florida, Illinois, Massachusetts, Michigan, New Jersey, New York, Pennsylvania, Ohio, Maryland, Iowa, Missouri, Nevada and Puerto Rico.