Verano Holdings Corp. (TSE:VRNO) has released an update.
Verano Holdings Corp., a leading multi-state cannabis company, reported a first-quarter revenue of $221 million in 2024, slightly down year-over-year but surpassing their own forecasts, with a gross profit of $113 million. Despite a net loss of $5 million, the company saw a robust adjusted EBITDA of $67 million, reflecting strong operational performance. CEO George Archos highlighted the potential for significant growth with upcoming legislative changes and the success of innovative strategies such as their dispensary membership model.
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