In a report released today, Andrew Semple from Echelon Wealth Partners reiterated a Buy rating on Verano Holdings (VRNOF – Research Report), with a price target of C$40.00. The company’s shares closed last Thursday at $12.32, close to its 52-week low of $9.86.
According to TipRanks.com, Semple is a 4-star analyst with an average return of 28.8% and a 32.7% success rate. Semple covers the Basic Materials sector, focusing on stocks such as Green Thumb Industries, Fire & Flower Holdings, and Trulieve Cannabis.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Verano Holdings with a $32.32 average price target.
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Verano Holdings Corp is a vertically-integrated multi-state cannabis operator in the United States. The company operates licensed cannabis cultivation, processing, and retail facilities. It produces a full suite of premium, artisanal cannabis products sold under a trusted portfolio of consumer brands: Encore, MUV, Avexia, and Verano.
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