VRNOF – MUV

Revenue: Reported $221 million, a decrease of 3% year-over-year and 7% from the previous quarter, surpassing estimates of $215.92 million. Net Loss: Recorded at $(5) million, improved from $(9) million year-over-year, but exceeded the estimated net loss of $11.83 million. Gross Profit Margin: Increased to 51% from 48% year-over-year, indicating nearly 300 basis points improvement. […]

Verano Holdings Corp. (VRNOF) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.08. 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 87.50%. A quarter ago, it

Generated $221 Million in Revenue, Exceeding GuidanceIncreased Gross Profit Margin by Nearly 300 Basis Points Year Over Year CHICAGO, May 08, 2024 (GLOBE NEWSWIRE) — Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced its financial results for the first quarter ended March 31, 2024, which

Verano Announces First Quarter 2024 Financial Results Generated $221 Million in Revenue, Exceeding Guidance Increased Gross Profit Margin by Nearly 300 Basis Points Year Over Year CHICAGO, May 08, 2024 (GLOBE NEWSWIRE) — Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced its financial results

Verano Holdings Corp. (OTCMKTS:VRNOF – Get Free Report)’s stock price fell 1.7% during trading on Friday . The stock traded as low as $5.06 and last traded at $5.15. 140,064 shares traded hands during trading, a decline of 65% from the average session volume of 395,949 shares. The stock had previously closed at $5.24. Analysts

Shares of Verano Holdings Corp. (OTCMKTS:VRNOF – Get Free Report) fell 1.7% during mid-day trading on Friday . The stock traded as low as $5.06 and last traded at $5.15. 140,064 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 395,949 shares. The stock had previously closed at

Loading…Loading… Goodness Growth Holdings, Inc. GDNSF cannabis company has taken legal action against Verano Holdings, Inc VRNOF in a case that concerns Verano’s termination of a share exchange agreement, which had proposed the acquisition of Goodness Growth’s capital stock in mid-2022. The judicial dispute remains unresolved. Application for Summary Determination A summary determination is a

Loading…Loading… Goodness Growth Holdings, Inc. GDNSF cannabis company has taken legal action against Verano Holdings, Inc VRNOF in a case that concerns Verano’s termination of a share exchange agreement, which had proposed the acquisition of Goodness Growth’s capital stock in mid-2022. The judicial dispute remains unresolved. Application for Summary Determination A summary determination is a

Loading…Loading… The New Jersey cannabis market, boasting a 23% increase in overall cannabis revenue in the last quarter of 2023, is witnessing substantial growth, particularly in the pre-roll segment. Despite challenges such as limited brand diversity, pre-roll sales specifically rose by 8%, reaching a total of $25.5 million. With just 23 active brands in the pre-roll

Wall Street expects a year-over-year decline in earnings on lower revenues when Verano Holdings Corp. (VRNOF) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company’s earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these