CURLF - Verano Holdings Is No Bargain

2024-04-14 08:08:28 ET

Summary

• Verano Holdings has rallied since November, gaining 15.5%, but underperforming its peers in the cannabis industry.
• The company's Q4 financials fell short of expectations, with revenue rising just 5% and adjusted EBITDA dropping 7%.
• Analysts have reduced their outlook for Verano, projecting lower revenue and adjusted EBITDA for 2024 and 2025 than before.

I wrote about Verano Holdings ( OTCQX:VRNOF ) in November, saying that readers should avoid the cannabis stock for now. I was wrong, as it has rallied sharply since then, gaining 15.5%. All MSOs have been rallying, and the New Cannabis Ventures American Cannabis Operator Index has gained 21.7% since the Friday after Thanksgiving Day....

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