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Verano (OTCMKTS:VRNOF) Stock Price Down 17.2% - Here's Why

Verano logo with Medical background

Verano Holdings Corp. (OTCMKTS:VRNOF - Get Free Report)'s stock price traded down 17.2% during mid-day trading on Monday . The company traded as low as $0.58 and last traded at $0.58. 400,482 shares changed hands during mid-day trading, a decline of 24% from the average session volume of 527,848 shares. The stock had previously closed at $0.70.

Verano Stock Up 10.3 %

The business has a 50-day moving average price of $0.69 and a 200 day moving average price of $1.40. The stock has a market capitalization of $292.90 million, a P/E ratio of -1.99 and a beta of 1.07. The company has a current ratio of 0.99, a quick ratio of 0.52 and a debt-to-equity ratio of 0.39.

Verano Company Profile

(Get Free Report)

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.

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