There are now plenty of options for investors who are looking into the cannabis space and one of the companies which may be worth looking into at this point is Verano Holdings Corp (OTCMKTS:VRNOF). It is one of the leading players in the multi-state cannabis industry and yesterday, the company made a major new announcement.
Trading Data
On Thursday, VRNOF stock fell 1.21% to $6.52 with 175.32K shares, compared to volume of 313.63K shares. The stock moved within a range of $6.37 – 6.64 after opening trade at $6.56.
Verano Announces the Opening of Three New MÜV Locations, Highlighting the Company’s Ongoing Retail Expansion Across Florida
The company announced yesterday that it was going to host as many as three grand openings of new MUV retail outlets on September 2, 2022. All three outlets are in Florida and are located in Jacksonville, Auburndale, and Titusville. It was a significant new announcement from the company and one that could bring the stock into focus among investors.
The MUV dispensaries are generally operational from Monday through to Saturday and are open from 9 in the morning until 7 in the evening. On Sundays, the dispensaries are open from 11 in the morning until 5 in the evening.
The President of Verano Holdings, John Tipton, spoke about the latest development as well. He stated that 2022 had proven to be a ‘historic’ year as far as growth was concerned and after the opening of these new stores, the company would have as many as 15 locations in the state of Florida.
Key Quote
“With the opening of 15 new locations across Florida, 2022 has been a truly historic year of growth for MÜV,” said John Tipton, President of Verano. “With the opening of these three new locations in Auburndale, Jacksonville and Titusville, we’re excited to invite medical cannabis patients to learn more about our signature retail experience and premium cannabis products. Our passionate cannabis advisors look forward to welcoming members of Florida’s medical cannabis community at these new dispensaries, and additional MÜV locations we plan to open throughout the remainder of 2022 and beyond.”
Technical Data
VRNOF stock is trading above the 50-Day and 50-Day Moving averages of $6.27 and $6.11 respectively. However, the stock is trading below the 200-Day moving average of $9. The company has a total market capitalization of $2.17 billion.
