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In a recent transaction, David Spreckman, the Chief Marketing Officer of Verano Holdings Corp. (OTC:VRNOF), sold 5,462 Class A Subordinate Voting Shares. The shares were sold at a price of $0.6501 each, totaling approximately $3,550. This transaction was carried out under a Rule 10b5-1 trading plan that Spreckman adopted in August 2023. The sale comes as the stock trades near $0.66, down about 85% over the past year and significantly below its 52-week high of $6.50.
In addition to this sale, Spreckman acquired shares through the settlement of vested restricted stock units, resulting in the net issuance of 27,306 shares on March 7, 2025, and an additional 5,562 shares. These acquisitions were part of the company’s Stock and Incentive Plan, with the shares being net-settled to satisfy withholding tax obligations. According to InvestingPro data, while currently unprofitable, analysts expect Verano to return to profitability this year, with the stock currently trading below its Fair Value.
As of the latest filing, Spreckman holds 142,358 shares directly in the company, which currently maintains a market capitalization of approximately $232 million and operates with a moderate debt level.
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