Q: I'm confused: Your "Shares out" for Verano is stated as 122.23M and that # is the same when I check VRNO's TMX listing but MarketWatch lists the shares out at 131.08M.
VRNO started trading on the CSE on Feb 17/21 after its reverse takeover of Majesta Minerals. It also trades OTC stateside under the ticker VRNOF.
Portions of VRNO's total float are "locked up" in escrow, to be release on the 90th, 180th, 240th, 310th and 400th days following the initial offering on Feb 17/21.
According to a fellow who passes himself off as "MJ Stock Trader" on Twitter, the unlock schedule for Verano is as follows:
1. 17-Feb-21: 60M shares
2. 12-May-21: 42M shares
3. 10-Aug-21: 42M shares
4. 08-Nov-21: 42M shares
5. 06-Feb-22: 42M shares
6. 18-Mar-22: 56M shares
For a total of of 290M shares.
The questions:
(i) Do these numbers represent VRNO's CSE listing or the stateside OTC operation?
(ii) When large chunks of escrowed shares unlock, bidders can make hay of askers, which is what appears to be happening to VRNO this week; how likely is it that the tables will turn in November when another chunk of locked shares unlock and the US fed govt presumably inches closer to legalization?
Thank you!
VRNO started trading on the CSE on Feb 17/21 after its reverse takeover of Majesta Minerals. It also trades OTC stateside under the ticker VRNOF.
Portions of VRNO's total float are "locked up" in escrow, to be release on the 90th, 180th, 240th, 310th and 400th days following the initial offering on Feb 17/21.
According to a fellow who passes himself off as "MJ Stock Trader" on Twitter, the unlock schedule for Verano is as follows:
1. 17-Feb-21: 60M shares
2. 12-May-21: 42M shares
3. 10-Aug-21: 42M shares
4. 08-Nov-21: 42M shares
5. 06-Feb-22: 42M shares
6. 18-Mar-22: 56M shares
For a total of of 290M shares.
The questions:
(i) Do these numbers represent VRNO's CSE listing or the stateside OTC operation?
(ii) When large chunks of escrowed shares unlock, bidders can make hay of askers, which is what appears to be happening to VRNO this week; how likely is it that the tables will turn in November when another chunk of locked shares unlock and the US fed govt presumably inches closer to legalization?
Thank you!