Verano Hldgs Stock Price, News & Analysis

Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) announces the grand opening of its 55th Florida dispensary, MÜV Palatka, on August 12. This new location is strategically positioned near a busy intersection with 9,400 vehicles daily, catering to over 10,500 residents in Palatka. Verano operates 109 dispensaries across 13 states, supported by more than 1 million square feet of cultivation capacity. MÜV Palatka aims to enhance patient access to premium cannabis products, featuring online menus and virtual consultations for convenience.

Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) has successfully expanded its cannabis product offerings into four new markets: Arizona, Florida, Massachusetts, and Pennsylvania. With this move, Verano flower products including Reserve and Essence lines are now available in over 500 dispensaries across nine states. The company plans to launch in West Virginia in the second half of 2022. Verano aims to meet the growing demand for high-quality cannabis products, bolstered by its established retail footprint and innovative product portfolio.

Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) has opened its 54th dispensary in Florida, MÜV Tampa Himes, on August 5, 2022. This marks the company's seventh dispensary opening since late June. Located at 4820 South Himes Avenue, Tampa, the store is strategically positioned near a high-traffic area with 22,000 daily vehicles. Verano operates in 13 states with 108 dispensaries and over 1 million square feet of cultivation capacity. With Tampa being Florida's third-largest city, Verano aims to enhance access to medical cannabis for local patients.

Verano Holdings Corp. (OTCQX: VRNOF) announced the opening of its new medical cannabis dispensary, Zen Leaf Elkridge, in Maryland on August 5, 2022. The dispensary is located at 6000 Marshalee Drive and features enhanced amenities such as a larger store space, additional registers, and a drive-through window. This location marks the first medical cannabis dispensary in Elkridge, which has a population of over 25,000. Maryland's medical cannabis sales are projected to reach $750 million by 2026, with over 158,000 certified patients in the state.

Verano's Zen Leaf Neptune dispensary in New Jersey has secured all necessary approvals for adult use cannabis sales, pending a final state license. This location aims to open soon, enhancing Verano's presence alongside its other dispensaries in the state, including Zen Leaf Lawrence Township and Elizabeth. The company operates in 13 states with 107 dispensaries and 13 cultivation facilities. Verano's expansion in New Jersey follows a successful adult-use launch on April 21, 2022, marking a significant milestone in cannabis accessibility.

Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) has announced the opening of MÜV Port Charlotte, its 53rd Florida dispensary and 107th nationwide, effective July 29, 2022. This dispensary, located on a busy traffic route, will enhance patient access to premium cannabis products. Verano's operations extend across 13 states, boasting 107 dispensaries and 13 cultivation facilities with over 1 million square feet of cultivation capacity. The Port Charlotte area is experiencing significant population growth, indicating strong market potential for Verano's expansion efforts.

Verano Holdings Corp. (OTCQX: VRNOF) announced the need to restate previous financial statements due to accounting errors revealed during internal reviews of compensation and taxes. Key reports affected include those for Q1-Q3 2021 and Q1 2022, which were filed on SEDAR. The Audit Committee found that stock-based compensation was understated and tax expenses were overstated. Adjustments will be made accordingly, and amended reports will soon be submitted to SEDAR and the SEC.

Verano Holdings Corp. (CSE: VRNO, OTCQX: VRNOF) will release its second quarter financial results for the period ending June 30, 2022, on August 16, 2022. The announcement is set to occur before market opening. Following the release, a conference call and audio webcast will be held at 8:30 a.m. ET, allowing analysts and investors to discuss the results and ask questions. Verano is a significant multi-state cannabis operator in the U.S., focusing on wellness through regulated cannabis products and encompassing operations in 14 states.

Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) has announced the opening of MÜV Sebring, its 52nd Florida dispensary and 106th nationwide, on July 16, 2022. Located at 3900 US-27 North, the dispensary benefits from high traffic, averaging 40,000 vehicles daily. Florida's medical cannabis sales are projected to reach $2.5 billion by 2026, with over 736,000 patients currently registered. Verano operates 106 dispensaries and 13 cultivation facilities across 13 states, maintaining over 1 million square feet in cultivation capacity, emphasizing its commitment to quality and accessibility for medical marijuana patients.