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Verano Q3 Revenue Slips, Losses Widen Amid Retail Decline In Key States
Thursday, November 7, 2024 - 10:08am | 590Verano Holdings Corp. (OTCQX:VRNOF) reported its financial results Thursday for the third quarter ended Sep. 30, 2024, revealing revenue (net of discounts) of $216.68 million, compared to $240.09 million in the same period last year. The Chicago-headquartered cannabis operator attributes the...
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EXCLUSIVE: 'We're Finally On The Cusp Of Something Big' — Verano CEO Sees Cannabis Rescheduling As Game-Changer
Wednesday, October 9, 2024 - 9:27am | 794"We're finally on the cusp of something big," said George Archos, CEO of Verano Holdings Corp (OTC:VRNOF), during his keynote conversation with Tom Zuber on Tuesday at Benzinga’s Cannabis Capital Conference. Archos was referring to the potential rescheduling of cannabis from Schedule I to...
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Chicago Cannabis Giant Verano To Report Quarterly Financial Results Post Major Acquisition
Friday, October 4, 2024 - 10:09am | 556Multi-state cannabis operator Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX:VRNOF) will release financial results for the third quarter ended Sept. 30, 2024, before the market opens on Thursday, Nov. 7, 2024. A conference call and webcast with analysts and investors is scheduled for the same day at...
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Cannabis Co. Verano Completes $105M Acquisition Of Arizona, Virginia Operations From Leading US Operator
Thursday, August 22, 2024 - 10:10am | 785Multi-state cannabis operator Verano Holdings Corp. (OTCQX:VRNOF) closed the acquisition of three subsidiaries of The Cannabist Company Holdings Inc. (OTCQX:CBSTF), one of the most experienced cultivators, manufacturers and retailers of cannabis products in the U.S. The company first announced the...
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California Cannabis Exodus: Wildfires & Low Prices Threaten Cultivators' Survival
Monday, August 19, 2024 - 1:07pm | 712Small-scale cannabis farmers in California are increasingly abandoning their fields as they grapple with the dual threats of destructive wildfires and falling prices, signaling a troubling trend for America’s largest legal cannabis market. Industry experts anticipate this exodus will persist...
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Mike Tyson's Cannabis Brand Reaches More Shelves In Florida And Illinois Via Deal With Verano
Friday, August 16, 2024 - 1:06pm | 469Mike Tyson's TYSON 2.0 announced on Friday that it is expanding into Florida and Illinois with multi-state cannabis operator Verano Holdings Corp. (CSE:VRNO) (OTCQX:VRNOF). Under the deal, TYSON 2.0 will leverage Verano's network and operational expertise to broaden its saturation of Florida and...
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Inside Benzinga Cannabis Capital Conference: Meet The Industry Leaders
Tuesday, August 13, 2024 - 8:50am | 1610The Benzinga Cannabis Capital Conference, scheduled for October in Chicago, is set to be a standout event in the cannabis industry calendar. This conference will feature an impressive roster of industry leaders and innovators, each bringing their own perspective to the forefront of cannabis...
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Verano Holdings Q2 $222M Revenue In Line QoQ, Net Loss Widens To $22M Ahead of Cannabist Co. Acquisition
Wednesday, August 7, 2024 - 8:14am | 640Chicago-based multi-state cannabis operator Verano Holdings Corp. (OTCQX:VRNOF) reported its financial results Wednesday for the second quarter ended June 30, 2024. The company disclosed revenues of $222 million, up 0.5% sequentially and meeting its guidance. On a year-over-year basis, revenue...
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$105M Deal: Verano To Acquire Cannabist Co.'s Operations In Virginia And Arizona
Monday, July 29, 2024 - 6:53pm | 686Verano Holdings Corp. (OTCQX:VRNOF) announced Monday that it wiil acquire significant assets from The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTC:CBSTF) (FSE: 3LP). The acquisition, strategic to expanding its national footprint, includes one of Cannabist’s Virginia licenses, along...
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Verano To Repurchase Up To $50M Of Its Shares Trading On Cboe Canada
Monday, June 17, 2024 - 9:56am | 666Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX:VRNOF) announced Monday that its board of directors has authorized the repurchase of up to $50 million of the company's class A subordinate voting shares which are listed for trading on Cboe Canada. "Our longstanding commitment to operational excellence...
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Verano Reports 3% Revenue Decline YoY For Q1 Driven Primarily By Expected Declines In New Jersey Retail
Wednesday, May 8, 2024 - 8:05am | 627Chicago, Illinois-headquartered cannabis company Verano Holdings Corp. (Cboe CA:VRNO) (OTCQX:VRNOF) released its financial results Wednesday for the first quarter ended March 31, 2024, revealing revenue of $221 million, a decrease of 3% year-over-year and a decrease of 7% versus the prior quarter,...
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Cannabis Execs, Advocates Delighted With Florida's Supreme Court Ruling To Allow Legalization Amendment On November Ballot
Monday, April 1, 2024 - 7:21pm | 1078Monday's Florida Supreme Court decision approving a cannabis amendment to allow Florida residents to vote on legalizing adult-use marijuana in the November 2024 election elicited optimistic responses in the cannabis community. Starting with Kim Rivers, CEO of Trulieve Cannabis Corp (OTCQX...
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US At Cannabis Crossroads: VP Harris Urges DEA Action, Where Do Industry Leaders Stand?
Tuesday, March 19, 2024 - 11:46am | 999In a bold stance on U.S. cannabis policy, Vice President Kamala Harris is urging the Drug Enforcement Administration (DEA) to accelerate the process of rescheduling marijuana under the Controlled Substances Act. Speaking at a recent White House meeting with individuals who received pardons for...
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Verano Holdings Begins Trading On Canada's Neo Exchange, Fueling Expansion And Evolution
Wednesday, October 18, 2023 - 1:49pm | 581Verano Holdings Corp. (NEO: VRNO) (OTCQX: VRNOF) announced Wednesday that its Class A subordinate voting shares began trading on Canada’s Neo Exchange Inc., which operates as Cboe Global Markets, Inc. (Cboe: CBOE). The shares will trade in Canada on Neo Exchange under the symbol “VRNO...
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This Publicly Traded Marijuana Company Receives Conditional Approval To List On Neo Exchange
Tuesday, October 3, 2023 - 10:39am | 514Chicago, Illinois-based, multi-state cannabis company, Verano Holdings Corp. (CSE: VRNO) received conditional approval from Canada’s Neo Exchange Inc., operating as Cboe Canada, to list its Class A subordinate voting shares. Upon listing the shares on Cboe Canada, the company plans to delist...