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Verano Holdings ( (TSE:VRNO) ) has issued an announcement.
Verano has expanded its medical cannabis retail presence in West Virginia with the opening of Zen Leaf Charleston, its sixth dispensary in the state and 159th location nationwide, strategically located in the state capital to serve patients in West Virginia’s most populous city. The new outlet builds on Verano’s vertically integrated operations in the state, which include a 40,000-square-foot cultivation and processing facility in Beaver producing multiple in-house brands, and underscores the company’s push to deepen its footprint in a market with more than 35,000 registered medical cannabis patients, enhancing access, brand visibility and scale advantages for both patients and the company’s broader U.S. network.
The most recent analyst rating on (TSE:VRNO) stock is a Hold with a C$6.50 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.
The overall stock score reflects significant challenges in financial performance and technical analysis, with declining revenues, profitability issues, and stagnant price trends. However, positive corporate events provide some optimism for future growth and market expansion. The valuation remains unattractive due to negative earnings and lack of dividends.
To see Spark’s full report on TSE:VRNO stock, click here.
More about Verano Holdings
Verano Holdings Corp., traded on Cboe Canada and OTCQX, is a vertically integrated, multi-state U.S. cannabis operator with active operations in 13 states. The company runs 159 dispensaries under the Zen Leaf and MÜV banners, supported by 15 cultivation and processing facilities totaling more than 1.1 million square feet, and sells a wide portfolio of branded cannabis products including Verano, (the) Essence, MÜV, Savvy, BITS, Encore and Avexia across medical and adult-use markets.
Technical Sentiment Signal: Sell
Current Market Cap: C$2.17B
For an in-depth examination of VRNO stock, go to TipRanks’ Overview page.