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Verano(OTC) VRNOF

Current PriceN/A
Market CapN/AMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2021)-95%
5 Year-92%
1 Year+99%
1 Month+5%
Verano last closing stock price
MetricPriceDate
Last closeUSD 5.582026-07-24
Verano stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-5.26%USD 5.892026-07-17
1 month+5.08%USD 5.312026-06-24
3 month-3.79%USD 5.802026-04-24
Year to date-11.43%USD 6.302025-12-31
1 year+98.93%USD 2.812025-07-24
3 year-58.2%USD 13.352023-07-25
5 year-92.25%USD 71.962021-07-23
Since inception-95.35%USD 119.962021-02-18

Verano Financials at a Glance

Market Cap

N/AMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$730.89M

Net Income (TTM)

-$259.33M

EPS (TTM)

N/A

P/E Ratio

N/A

Dividend

N/A

Beta (Volatility)

N/A

Price

N/A

Volume

N/A

Open

N/A

Previous Close

N/A

Daily Range

N/A

52-Week Range

N/A

Estimated Earnings Date

Oct 29, 2025

VRNOF News

tilray

2 Cannabis Companies Poised to Benefit If West Virginia Legalizes Recreational Pot Use

James HalleyFeb 20, 2023
GettyImages-1279487361

2 of the Best Buys Among Cannabis Stocks Right Now

James HalleyOct 11, 2022
purchasing marijuana cannabis with card

2 Reasons Verano's Ready for U.S. Cannabis Legalization

Lukas BarfieldJul 29, 2022
3 pot stocks to buy in april

3 Top Cannabis Stocks to Buy for April

James HalleyApr 17, 2022
A couple working inside of a greenhouse.

This Newly Public Cannabis Stock Could Rise to the Top

David Jagielski, CPASep 1, 2021

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About Verano

Verano makes cannabis products for medical patients and adult consumers.

Its products are designed to support communal wellness and serve the needs of medical and adult-use consumers.

Customers buy these products in retail dispensaries across 13 U.S. states.

Products and Services

  • Retail Cannabis Sales: Sells cannabis products directly to consumers in dispensaries; 67.9% of 2025 revenue.
  • Wholesale Cannabis: Supplies cannabis products to third-party retailers; 32.1% of 2025 revenue.
  • Cannabis Flower: Dried plant material for smoking or vaporizing; used by both medical and adult-use customers.
  • Concentrates and Edibles: Includes oils, extracts, and food products for alternative consumption methods.
  • Topicals: Creams and lotions for localized relief; used by medical and adult-use customers seeking non-ingestible options.

Growth and Expansion

  • Acquired CC East Virginia and Cannabist AZ in August 2024, expanding retail presence.
  • Opened 7 new retail stores in 2025, including in Connecticut, Florida, Ohio, and West Virginia.
  • Expanded to 160 dispensaries and 14 cultivation facilities by March 2026.
  • Invested in research, technology, and facility upgrades throughout 2025.
  • Entered new state markets early as medical programs expanded to adult use.

What Makes Verano Stand Out

Verano controls its supply chain from cultivation to retail, supporting quality and efficiency. Its operations span 13 states, reducing reliance on any single market. The company manages a broad brand portfolio to reach diverse consumer groups.

Five Things You Need to Know

  • Revenue was $821.5 million in 2025, down 6.5% from 2024.
  • Retail sales made up 67.9% of 2025 revenue; wholesale was 32.1%.
  • Gross profit margin was 50.3% in 2025, nearly flat year-over-year.
  • Net loss improved to $(257.9) million in 2025 from $(341.9) million in 2024.
  • Cash from operations was $52.9 million in 2025, down from $112.2 million in 2024.

Bottom Line

Verano has grown through acquisitions, new stores, and product innovation. Its diversified operations and broad reach help it adapt to changing U.S. cannabis markets.

AI Generated • Apr 16, 2026

Industry

Pharmaceuticals

Sector

Health Care

Employees

3,800

CEO

George Archos

Website

www.verano.com

Headquarters

Chicago, IL 60654, US

VRNOF Financials

Key Financial Metrics (TTM)

Gross Margin

49.38%

Operating Margin

9.43%

Net Income Margin

-32.56%

Return on Equity

-33.23%

Return on Capital

-13.14%

Return on Assets

-15.54%

Earnings Yield

N/A

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

N/AMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

N/A

Volume

N/A

Avg. Volume

N/A

Financials (TTM)

Gross Profit

$370.66M

Operating Income

-$99.50M

EBITDA

-$4.85M

Operating Cash Flow

$69.66M

Capital Expenditure

-$42.30M

Free Cash Flow

$27.36M

Cash & ST Invst.

$74.03M

Total Debt

$112.11M

Verano Performance Analysis

Verano annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 879,412,00019.2%
20232023-12-31USD 938,452,0006.7%
20242024-12-31USD 878,585,000-6.4%
20252025-12-31USD 821,504,000-6.5%
Verano sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-7.8%
Q32025-09-30-26.4%
Q42025-12-31-78.1%
Q12026-03-31369.7%
Verano annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -3.96346.5%
20232023-12-31USD -1.71-56.8%
20242024-12-31USD -4.89185.7%
20252025-12-31USD -3.57-26.9%
Verano sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-58.4%
Q32025-09-30-65.7%
Q42025-12-31-291.7%
Q12026-03-3189.4%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$208.18M

-30.3%

Gross Profit

$98.98M

-30.2%

Gross Margin

47.54%

N/A

Market Cap

N/AMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

N/A

N/A

Employees

3,800

N/A

Net Income

-$17.82M

-8.7%

EBITDA

$32.20M

-58.2%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$74.03M

-12.1%

Total Debt

$112.11M

-78.8%

Accounts Receivable

$32.14M

-19.7%

Inventory

$235.58M

+22.5%

Long Term Debt

$89.11M

-82.2%

Short Term Debt

$23.00M

-18.5%

Return on Assets

-15.54%

N/A

Return on Invested Capital

4.84%

N/A

Free Cash Flow

$3.65M

+130.2%

Operating Cash Flow

$18.59M

+940.7%

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Questions About VRNOF

What is the current price of Verano?

Verano is trading at N/A per share.

What is the 52-week range for Verano?

Over the past 52 weeks, Verano has traded between N/A and N/A.

How much debt does Verano have?

As of the most recent reporting period, Verano reported total debt of $496.35M.

How much cash does Verano have on hand?

Verano reported $74.03M in cash and cash equivalents in its most recent financial results.

What is Verano’s dividend yield?

Verano does not currently have a dividend yield.

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