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CHICAGO—Brett Andrew Summerer, Chief Financial Officer of Verano Holdings Corp. (OTC:VRNOF), executed a sale of 28,093 Class A Subordinate Voting Shares, according to a recent SEC filing. The transaction comes as the company’s stock has declined over 83% in the past year, though InvestingPro analysis indicates the shares are currently undervalued. The transaction, completed on March 13, 2025, was carried out under a Rule 10b5-1 trading plan adopted in December 2024. The shares were sold at a weighted average price of $0.6183, generating proceeds of approximately $17,369. Despite current challenges, analysts expect the company to return to profitability this year, with projected earnings of $1.47 per share.
Following this transaction, Summerer retains ownership of 118,940 shares in the company. The sale price for the shares ranged from $0.6105 to $0.63 per share, as converted from Canadian dollars. Get deeper insights into Verano’s valuation, financial health, and growth prospects with a comprehensive Pro Research Report, available exclusively on InvestingPro.
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