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Verano Holdings Corp. announced its first quarter 2024 financial results, achieving $221 million in revenue, exceeding guidance, and increasing gross profit margin by 300 basis points year over year. The company reported key financial metrics and operational highlights, including revenue growth, margin improvement, and strategic developments in the cannabis industry.
Verano Holdings Corp. expands its retail presence in Connecticut with the opening of Zen Leaf Naugatuck, the company's third social equity joint venture location and fifth dispensary statewide. The new dispensary, located at 585 South Main Street, serves both medical patients and adult use customers and is part of the company's plan to open six social equity joint venture dispensaries across the state. The opening ceremony will be held on May 3rd, featuring a ribbon-cutting event with local community organizations.
Verano is actively operating in 13 states with 139 dispensaries and 14 cultivation and processing facilities, boasting over 1 million square feet of cultivation capacity.
