Cannabis company Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) reported Tuesday having generated $199 million in revenue during the second quarter of 2021, beating estimates by $4.79 million.
According to the Chicago-based company, that is a quarter-over-quarter improvement of 39% and a 164% spike from the corresponding quarter of 2020.
“This was a very strong quarter, particularly in topline revenue growth, which reflects our proven ability to execute in both the retail and wholesale verticals,” said George Archos, company CEO and founder.
- Net income, including the impact of biological assets, amounted to $7 million.
- Net income, excluding the impact of biological assets, totaled $32 million versus $8 million in the first three months of 2021.
- On an unadjusted basis and excluding the impact of …