Verano (VRNOF) Expected to Announce Quarterly Earnings on Thursday

Verano (OTCMKTS:VRNOF) is projected to issue its results before the market opens on Thursday, February 26th. Analysts expect the company to announce earnings of ($0.05) per share for the quarter.

Verano Price Performance

Verano stock opened at $1.26 on Thursday. The stock has a market cap of $455.89 million, a PE 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. The stock’s fifty day moving average is $1.26 and its two-hundred day moving average is $1.31. Verano has a 1-year low of $0.41 and a 1-year high of $3.58.

Analysts Set New Price Targets

Separately, Zacks Research lowered Verano from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Verano presently 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.