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Verano Holdings ( (TSE:VRNO) ) has provided an update.
Verano Holdings has expanded its presence in Florida by opening its first MÜV dispensary in Citrus County, bringing its total number of locations in the state to 82 and nationwide to 158. This new location, MÜV Crystal River, is strategically situated in a growing region with significant traffic and is surrounded by local businesses and attractions. The expansion reflects Verano’s commitment to enhancing its retail footprint and serving the medical cannabis community in western Florida. The company continues to innovate with new product offerings in Florida, including Savvy pre-rolls and Avexia topicals, while providing a comprehensive shopping experience through online and in-store services.
The most recent analyst rating on (TSE:VRNO) stock is a Hold with a C$6.00 price target. To see the full list of analyst forecasts on Verano Holdings stock, see the TSE:VRNO Stock Forecast page.
Spark’s Take on TSE:VRNO Stock
According to Spark, TipRanks’ AI Analyst, TSE:VRNO is a Neutral.
Verano Holdings’ overall stock score reflects significant financial challenges, including declining revenues and profitability issues. The technical analysis indicates potential risks due to volatility and overbought conditions. While there are some positive developments in retail growth and cost management, these are overshadowed by ongoing market pressures and financial instability.
To see Spark’s full report on TSE:VRNO stock, click here.
More about Verano Holdings
Verano Holdings Corp. is a leading multi-state cannabis company in the U.S., known for its extensive geographic scope and brand performance. The company operates under the Zen Leaf and MÜV dispensary banners, offering a wide range of cannabis products through its diverse portfolio of brands including Verano, Essence, MÜV, Savvy, BITS, Encore, and Avexia. Verano’s operations span 13 states with 15 production facilities and over 1.1 million square feet of cultivation capacity.
Technical Sentiment Signal: Sell
Current Market Cap: C$2.17B
For detailed information about VRNO stock, go to TipRanks’ Stock Analysis page.