Verano Holdings: Canaccord Reiterates $35 Price Target On April 8th, Verano Holdings announced their full year 2020 and fourth quarter results, with the results being their first quarterly report as a public company and they did not disappoint. The company reported full year pro-forma revenue of $355 million, a ~200% increase year over year. They had a 63% gross profit and a 48% EBITDA margin, while operational cash flow was $151 million and free cash flow was $53 million for the year.
Verano currently has five analysts covering the company with a weighted 12-month price target of C$36.60. This is up slightly from the average before the results, which was C$34.25. One analyst has a strong buy rating, while the other four have buy ratings. The street high comes from ATB Capital Markets with a C$42 price target, while Echelon Wealth has the lowest at C$33.
https://thedeepdive.ca/verano-holdings-canaccord-reiterates-35-price-target/