Verano (VRNOF) Expected to Announce Quarterly Earnings on Wednesday

Verano (OTCMKTS:VRNOF) will likely be posting its quarterly earnings results on Wednesday, February 26th. Analysts expect Verano to post earnings of ($0.04) per share and revenue of $219.25 million for the quarter.

Verano Trading Down 11.5 %

OTCMKTS VRNOF opened at $0.92 on Wednesday. Verano has a 1-year low of $0.91 and a 1-year high of $6.50. The company has a current ratio of 0.99, a quick ratio of 0.52 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $330.23 million, a PE ratio of -2.24 and a beta of 0.90. The firm’s fifty day simple moving average is $1.22 and its 200-day simple moving average is $2.33.

Wall Street Analyst Weigh In

Separately, Roth Capital raised shares of Verano to a “strong-buy” rating in a research note on Sunday, November 10th.

Verano Company Profile

Verano Holdings Corp. operates as a vertically integrated multi-state cannabis operator in the United States. The company engages in the cultivation, processing, wholesale, and retail distribution of cannabis in Arizona, Arkansas, Connecticut, Florida, Illinois, Maryland, Massachusetts, Michigan, Nevada, New Jersey, Ohio, Pennsylvania, and West Virginia.