Verano Holdings Corp (Verano) is a vertically integrated cannabis company that operates in multiple states in the US. It owns licenses and permits for the cultivation, production, and supply of adult-use and medicinal cannabis, sold through retail facilities or wholesale distributors. The products include high-quality adult-use cannabis; edible cannabis including cannabis gummies; hard candies, mints, caramels, chocolates; lotions, body balms, bath soaks, micro-dosing tablets, and other premium innovative cannabis sold under the brands ZenLeaf, Encore, Avexia, MUV, Savvy, BITS, and Verano. The company offers its products to medical and non-medical consumers in Arizona, Arkansas, Connecticut, Florida, Illinois, Maryland, Massachusetts, Michigan, Nevada, New Jersey, Ohio, Pennsylvania, and West Virginia, the US. Verano is headquartered in Chicago, Illinois, the US.
Headquarters
United States of America
Address
224 W Hill Street, Suite 400, Chicago, Illinois, 60610
Website
www.verano.com
Telephone
1 312 2650730
Industry
Agriculture and Forestry
Ticker Symbol & Exchange
VRNO (CNQ)
Revenue (2022)
$879.4M
19.2%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-368.1%
(2022 vs 2021)
Market Cap*
$1.6B
Net Profit Margin (2022)
XYZ
-292.9%
(2022 vs 2021)
* As of and is in US$
Products and Services
| Products | Brands |
|---|---|
| High-quality Adult-use Cannabis | Zen Leaf |
| Edible Cannabis | Encore |
| Cannabis Gummies | Avexia |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Corporate Changes/Expansions | In October, the company announced the opening of Zen Leaf Newington in Connecticut, the US and fourth cannabis dispensary statewide. |
| 2023 | Corporate Changes/Expansions | In July, the company announced the opening of Zen Leaf Norwich in Connecticut, the US and third cannabis dispensary statewide. |
| 2023 | Incorporation/Establishment | In March, the company opened its 126th dispensary in Buckhannon Crossroads, the US. |
Competitor Comparison
| Key Parameters | Verano Holdings Corp | Curaleaf Holdings Inc | Trulieve Cannabis Corp | Green Thumb Industries Inc | Cresco Labs Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Chicago | New York | Quincy | Chicago | Chicago |
| State/Province | Illinois | New York | Florida | Illinois | Illinois |
| No. of Employees | - | 5,931 | 7,600 | 3,800 | 3,200 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| George Archos | Chairman; Chief Executive Officer; Founder | Executive Board | 2021 | 43 |
| Brett Summerer | Chief Financial Officer | Senior Management | 2022 | 46 |
| Trip McDermott | Chief Operating Officer | Senior Management | 2023 | - |
| Destiny Thompson | Chief People Officer | Senior Management | 2021 | 42 |
| Aaron Miles | Chief Investment Officer | Senior Management | 2021 | 44 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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