Verano Holdings Corp - VRNOF STOCK NEWS

Welcome to our dedicated news page for Verano Holdings (Ticker: VRNOF), a resource for investors and traders seeking the latest updates and insights on Verano Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Verano Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Verano Holdings's position in the market.

04/03/2024 04:05 PM

News

Verano to Report First Quarter 2024 Financial Results on May 8, 2024

Rhea-AI Summary

Verano Holdings Corp. announced the release of financial results for the first quarter of 2024, scheduled for May 8, 2024. A conference call and webcast will follow to discuss the results with analysts and investors.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-7.7%

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03/20/2024 08:30 AM

News

Verano Launches Cabbage Club™, Disrupting the Current Cannabis Retail Landscape with Industry-First National Membership Model

Rhea-AI Summary

Verano Holdings Corp. launches Cabbage Club™, a unique national cannabis membership club offering exclusive benefits to cannabis enthusiasts. Members can enjoy monthly store credits, coupons, merchandise, early product access, line-skipping privileges, concierge service, and more. The club kicks off in New Jersey and Illinois and will expand to Verano's 138 dispensaries in 13 states. Founding Members can join at a discounted rate for a time.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-3.77%

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03/15/2024 05:04 PM

News

Verano Announces Revised Fourth Quarter and Full Year 2023 Financial Results

Rhea-AI Summary

Verano Holdings Corp. announced record revenue of $938 million for the full year 2023, with a 7% year-over-year increase. The company also reported a net loss of $(117) million, adjusted EBITDA of $305 million, and generated $73 million in free cash flow. Despite a $9 million fixed asset impairment, Verano remains optimistic for 2024's growth opportunities.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

4.32%

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03/11/2024 06:00 AM

News

Verano Announces Upcoming Conference Participation

Rhea-AI Summary

Verano Holdings Corp. announces executive team participation in upcoming conferences focusing on cannabis industry insights and economic indicators.

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Rhea-AI Sentiment

End-of-Day

-5.6%

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02/29/2024 06:00 AM

News

Verano Announces Fourth Quarter and Full Year 2023 Financial Results

Rhea-AI Summary

Verano Holdings Corp. reported record revenue of $938 million for 2023, with a 16% increase in net cash provided by operating activities to $110 million. The company generated $73 million in free cash flow, meeting guidance. Full year highlights include a 7% increase in revenue year-over-year, reaching $938 million, and a gross profit of $475 million. The company's CEO, George Archos, expressed pride in the company's performance and optimism for future growth opportunities in 2024.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-3.66%

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02/15/2024 06:00 AM

News

Verano Expands Pennsylvania Retail Footprint with the Opening of Zen Leaf Norristown, the Company’s 18th Affiliated Pennsylvania Dispensary and 138th Retail Location Nationwide

Rhea-AI Summary

Verano Holdings Corp. announces the grand opening of Zen Leaf Norristown, the Company’s 18th affiliated dispensary in Pennsylvania, enhancing its footprint in the key market. The dispensary offers a drive-through window, in-store kiosks, and a variety of high-quality cannabis products. Verano's active operations span 13 states with 138 dispensaries and 14 cultivation facilities.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

4.9%

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01/25/2024 05:00 AM

News

Verano Announces the Opening of Zen Leaf Abington, the Company’s Largest Dispensary Nationwide, in Prime New Philadelphia Area Location

Rhea-AI Summary

Verano Holdings Corp. announced the grand opening of Zen Leaf Abington, the largest cannabis dispensary in its national retail footprint. The new location offers an elevated experience for area patients with larger space, increased convenience, and accessibility, including additional parking and the first Verano-affiliated Pennsylvania dispensary to feature large ordering kiosks. With 17 affiliated dispensaries statewide, Zen Leaf Abington enhances Verano’s Philadelphia area footprint, contributing to the company's active operations spanning 13 states, with 137 dispensaries and 14 cultivation and processing facilities.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

3.45%

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01/17/2024 04:30 PM

News

Verano to Report Fourth Quarter and Full Year 2023 Financial Results on February 29, 2024

Rhea-AI Summary

Verano Holdings Corp. plans to release financial results for the fourth quarter and fiscal year ended December 31, 2023, and host a conference call and webcast on February 29, 2024, to discuss the results and answer investor and participant questions.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-6.65%

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01/05/2024 06:00 AM

News

Verano Broadens Retail Footprint in Northeast Florida with the Opening of MÜV Yulee, the Company’s 74th Florida Location

Rhea-AI Summary

Verano Holdings Corp. (NEO: VRNO) (OTCQX: VRNOF) announced the opening of MÜV Yulee, the Company’s 74th Florida dispensary and 137th location nationwide. MÜV Yulee is located at 463128 State Road 200 and enhances the Company’s footprint in the Jacksonville metropolitan area, accompanying MÜV dispensaries in Jacksonville and Jacksonville Beach.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

6.32%

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11/20/2023 06:15 AM

News

Verano Reimagines (the) Essence Brand and Introduces (the) Essence Nectar Line in Core Markets, Combining Bespoke Graphic Art and Terpene-Rich Full-Spectrum Cannabis Products

Rhea-AI Summary

Verano Holdings Corp. (NEO: VRNO) (OTCQX: VRNOF) announces the strategic repositioning of (the) Essence cannabis brand, introducing the Nectar line of terpene-rich cured resin products. The brand is now available in nine core markets and plans to expand to Florida and Connecticut in the future. The company is seeking submissions from artists and creators to join the brand community in designing future packaging artwork.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-2.47%

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