Verano (VRNOF) to Release Earnings on Thursday

Verano (OTCMKTS:VRNOF) is expected to be posting its results before the market opens on Thursday, February 26th. Analysts expect Verano to post earnings of ($0.05) per share for the quarter.

Verano Stock Performance

Shares of Verano stock opened at $1.26 on Thursday. The firm’s fifty day simple moving average is $1.26 and its 200-day simple moving average is $1.31. Verano has a 12 month low of $0.41 and a 12 month high of $3.58. The stock has a market capitalization of $455.89 million, a price-to-earnings ratio of -1.29 and a beta of 0.87. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.69 and a quick ratio of 1.16.

Analyst Upgrades and Downgrades

Separately, Zacks Research lowered shares of Verano from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

About Verano

Verano Holdings Inc (OTCMKTS: VRNOF) is a vertically integrated cannabis company engaged in cultivation, processing and retail operations across the United States. The company focuses on both medical and adult‐use markets, operating high‐quality cultivation facilities and dispensaries under several retail brands. Through its cultivation network, Verano produces flower, pre‐rolls, concentrates, vape cartridges, edibles and topicals, aiming to serve a wide range of consumer preferences and therapeutic applications.

Verano’s retail footprint extends across multiple states and territories, including Florida, Illinois, Massachusetts, Michigan, New Jersey, New York, Pennsylvania, Ohio, Maryland, Iowa, Missouri, Nevada and Puerto Rico.