Verano Holdings Corp.
Close on Oct 19, 2026
- Market cap
- $343.17M
- P/E (TTM)
- –
- Dividend yield
- –
About Verano
Agricultural Production-Crops, SIC 0100
Verano Holdings Corp. is a vertically integrated cannabis company that engages in cultivation, processing, wholesale distribution, and retail operations. The company produces cannabis items under several proprietary brands, including Encore, Avexia, MÜV, Savvy, and Verano, while also managing dispensaries under retail banners such as Zen Leaf and MÜV. Its business encompasses both medical-use and adult-use consumer segments. Through its supply chain, the enterprise serves individual retail patients and recreational consumers, as well as third-party dispensaries through commercial wholesale relationships.
The company conducts operations across 13 states in the United States, including Arizona, Florida, Illinois, New Jersey, and Pennsylvania. Its physical footprint consists of 160 retail dispensaries alongside 14 cultivation and processing facilities that provide more than 1.1 million square feet of cultivation capacity. Verano is headquartered in Chicago, Illinois.
Summary of the business section of Verano's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Verano Holdings Corp.
- Founded
- 2017
- Headquarters
- Chicago, IL
- Address
- 224 W Hill Street, Suite 400 60610
- Phone
- (312) 265-0730
- Website
- verano.com
- Employees
- 3,800, Dec 31, 2025
- Industry
- Agricultural Production-Crops
- Incorporated in
- Nevada
- Fiscal year ends
- December 31
- Auditor
- Macias Gini & OConnell LLP, Irvine, California
Stock & identifiers
- Ticker
- VRNO
- Exchange
- OTC
- Shares outstanding
- 73M, Aug 3, 2026
- Public float
- $164.05M, Jun 30, 2025
- Filer category
- Accelerated filer
- Stock splits
- 1-for-5 reverse, Jun 11, 2026; 1-for-5 reverse, Jun 11, 2026
- SEC CIK
- 1848416
- CUSIP
- 92339H200
- ISIN
- US92339H2004
- LEI
- 894500IL09BKV7OCY419
- EIN
- 98-1583243
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| George Peter Archos | See remarks, Director | 55,621,412 |
| Josh Heine | VP, Corporate Controller | 4,890 |
| Richard C. Tarapchak | Chief Financial Officer | 674,286 |
| David Spreckman | Chief Marketing Officer | 564,157 |
| Edward Aloysious McDermott III | Chief Operating Officer | 730,696 |
| Laura Marie Kalesnik | See remarks | 946,191 |
| Aaron Nathaniel Miles | Chief Investment Officer | 783,282 |
| James Angelo Leventis | See remarks | 501,996 |
| Destiny Lynn Thompson | Chief People Officer | 517,794 |
| Darren Henry Weiss | President | 1,291,340 |
| Brett Andrew Summerer | Chief Financial Officer | 403,848 |
| John Allen Tipton | Director | 7,848,865 |
| Cristina Maria Nunez | Director | 291,507 |
| Frederick Charles Mueller | Director | 150,412 |
| Lawrence Randall Hirsh | Director | 312,222 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Mr. Archos | – | $687.09K | $975.79K | $3 | $15 |
| FY2025 Peo | $710.74K | – | $975.79K | $3 | $15 |
| FY2024 Mr. Archos | – | -$285.94K | $1.08M | $4 | $13 |
| FY2024 Peo | $1.20M | – | $1.08M | $4 | $13 |
| FY2023 Mr. Archos | – | $2.67M | $1.71M | $13 | $19 |
| FY2023 Peo | $1.87M | – | $1.71M | $13 | $19 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of March 10, 2026, the Company had approximately 3,800 employees across its consolidated operating jurisdictions, including corporate, retail, cultivation and processing, both full- and part-time employees, and including but not limited to: finance and accounting, legal, human resources, regulatory and compliance, supply chain and operations, sales and marketing”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Aug 22, 2024 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Feb 29, 2024 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Feb 29, 2024 | Late filing | Notification of late filing |
| Oct 18, 2023 | Listing notice | Notice of delisting or failure to satisfy a listing rule (8-K Item 3.01) |
| Oct 16, 2023 | Listing notice | Notice of delisting or failure to satisfy a listing rule (8-K Item 3.01) |
| Oct 3, 2023 | Listing notice | Notice of delisting or failure to satisfy a listing rule (8-K Item 3.01) |
| Sep 16, 2022 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Aug 16, 2022 | Late filing | Notification of late filing |