Verano (VRNOF) Expected to Announce Quarterly Earnings on Thursday

Verano (OTCMKTS:VRNOF) is projected to announce 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 Stock Performance

Shares of OTCMKTS VRNOF opened at $1.26 on Tuesday. The company has a 50 day simple moving average of $1.26 and a two-hundred day simple moving average of $1.32. The stock has a market cap of $455.89 million, a price-to-earnings ratio of -1.29 and a beta of 0.87. The company has a current ratio of 2.69, a quick ratio of 1.16 and a debt-to-equity ratio of 0.56. Verano has a 12 month low of $0.41 and a 12 month high of $3.58.

Analyst Upgrades and Downgrades

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

Verano Company Profile

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.