Cannabis Stock VRNO Rises 10% in a Month: Time to Buy, Hold or Sell?
Verano Holdings (VRNO) shares rose 10% in a month after Q2 2026 earnings beat estimates, showing revenue growth and improved cash flow. The company operates 163 dispensaries across 13 states and plans expansions. However, gross margins declined to 46% due to promotional activity. Management expects Q3 revenue and margins to be similar to Q2 but anticipates cash flow improvement. VRNO is pursuing a U.S. exchange listing and federal cannabis reclassification. Competitors include Green Thumb Indust






