Verano Holdings initiated with a Buy at Canaccord

Canaccord analyst Kenric Tyghe initiated coverage of Verano Holdings (VRNOF) with a Buy rating and C$4 price target The winds of regulatory change are finally starting to blow and any material change to the backdrop ahead of the midterm elections will drive a re-rating of the space, the analyst tells investors in a research note. Verano has a particularly attractive portfolio, and the company has strong or leading positions in most of the key markets through 2027 including, Florida, Pennsylvania, Virginia, Ohio, and Maryland, as well as limited exposure in some of the more challenging states, the firm says.