Verano Holdings (CSE: VRNO) is set to begin trading this morning on the Canadian Securities Exchange. The company put out a brief press release this morning as a result, serving as a reminder to investors that it is now listed on the Canadian Securities Exchange under the symbol “VRNO”.
The company is a multi-state operator with operations across eleven states, while having a footprint in a total of fourteen states. The company currently conducts cultivation in eight facilities with a total of 750,000 square feet of cultivation while operating a total of 54 retail cannabis locations.
Verano recently combined with that of AltMed Enterprises as a part of its go public transaction. While Verano took the larger stake in the combined entity, Altmed holds an impressive footprint in the states of Florida and Arizona, with the firm having a combined 31 active retail locations. As a whole, the firm is expected to remain focused on the states of Illinois, Florida, Maryland, Arizona, New Jersey and Pennsylvania, while becoming one of the “top tier” cannabis operators in the US.
Notably, the company has already seen analyst coverage commence, with Beacon Securities last week placing a $32 price target and buy rating on the firm, prior to the firm even being listed.
Verano Holdings is currently set to open at $37.00 on the Canadian Securities Exchange, after closing a financing in January at a price of US$10.00 per share.
Information for this briefing was found via Sedar, and Verano Holdings. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.