Tag: verano

Illinois Cannabis Sales Increase Slightly in October

Illinois adult-use cannabis sales of $131.5 million in October increased 0.7% sequentially and 6.6% from a year ago: 2021 adult-use sales of $1.38 billion increased 106% over 2020 in Illinois,...
- November 3rd, 2022 at 7:45 am

Verano Refinances $350 Million Credit Facility

Verano Refinances $350 Million Credit Facility with Significant Optionality to Bolster Strategic Growth Plans Verano refinances existing $350 million credit facility, extending the maturity with a four-year term Floating...
- October 27th, 2022 at 8:53 am

The Worst Way to Invest in Cannabis

You’re reading a copy of this week’s edition of the New Cannabis Ventures weekly newsletter, which we have been publishing since October 2015. The newsletter includes unique insight to...
- October 16th, 2022 at 6:35 pm

Verano Ditches Deal to Buy Goodness Growth

Verano Announces Termination of Arrangement Agreement to Acquire Goodness Growth Holdings Inc. CHICAGO, Oct. 14, 2022 (GLOBE NEWSWIRE) — Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) (“Verano” or the...
- October 14th, 2022 at 7:22 am

Verano Q4 Revenue Increases 2% Sequentially to $211 Million

Company delivers record 2021 U.S. GAAP and proforma revenue1 of $738 million and $760 million, respectively 2021 Adjusted EBITDA2 margin of 44% — in line with Company guidance Financial results presented in U.S. GAAP CHICAGO, April 27, 2022 (GLOBE NEWSWIRE) — Verano Holdings...
- April 27th, 2022 at 7:49 am

Illinois Cannabis Sales Increase 14.6% Sequentially in March

After rebounding in February from very weak January levels, Illinois adult-use cannabis sales advanced in March. Sales of $131 million rose 15% from February, stronger than the longer month alone would suggest. Compared...
- April 5th, 2022 at 3:28 pm

American Cannabis Operator Index Declines 4% in March

After breaking a string of eleven consecutive monthly declines in February, the American Cannabis Operator Index fell 4.2% in March to 38.99: The index, which fell 23.4% in Q4, has declined...
- April 1st, 2022 at 8:38 am

Illinois Cannabis Sales Climb 29% in February

After a sharp drop in January, when adult-use sales fell 15% sequentially as they rose 32% from the prior year, Illinois adult-use cannabis sales stabilized in February. Sales of $114 million fell...
- March 9th, 2022 at 1:40 pm