“When effected, the Reverse Stock Split will reduce Verano’s total issued and outstanding shares of common stock and is expected to deliver an increase in the price per share. Management also believes the Reverse Stock Split may provide additional benefits, including increasing institutional investor interest and access as the Company pursues uplisting on a U.S. exchange in the future.”
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The history of price action has not been kind to the companies in this sector.
If Verano is doing a 1-5 and the share price to maintain is $4-$5 to meet exchange requirements. I would have to assume they are expecting some kind of positive catalysts in the short term. $MSOS
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