Marijuana Stock Set To Rise On Your Watchlist: Verano Holdings Targets EBITDA And Lower Debt
Senior analyst Pablo Zuanic of Zuanic & Associates released an update on Verano Holdings (OTC: VRNOF), which is crucial for investors monitoring the cannabis sector. Verano’s sales for 2023 are projected at $938.5 million, with a potential EBITDA recovery to $300.4 million by 2025. Zuanic’s report indicates that Verano may achieve profitability by 2025, highlighting key financial metrics that are vital for informed investment decisions.
Sales Projections
Sales for 2023 are estimated at $938.5 million, a 7% increase from $879.4 million in 2022. Quarterly sales are projected to fluctuate, with Q2 2024 expected to see a slight rise to $225 million from $221.3 million in Q1. By 2025, sales are anticipated to reach $983.4 million.
EBITDA And Operating Income
EBITDA for 2023 is forecasted at $305.5 million, declining to $280.7 million in 2024 but expected to recover to $300.4 million by 2025. The company has faced operating losses, recording -$162.7 million in 2022 but projecting an operating income of $129.1 million for 2024.
Net Interest Expenses And Profit
Net interest expenses are …