Highest-materiality recent filing
Verano Q2 revenue $218M (+8% YoY), net loss narrows to $13M, adj. EBITDA $51M
Revenue $218M, up 5% QoQ and 8% YoY; gross profit $100M (46% of revenue).
Verano updates Code of Business Conduct and Ethics on June 20, 2026; non-substantive changes
Board approved updates on June 20, 2026 to align with governance documents and Nevada domicile.
Verano Holdings shareholders elect directors and approve all proposals at 2026 annual meeting
George Archos re-elected with 91.8% votes for; broker non-votes 70.9M shares.
Verano completes 1-for-5 reverse stock split, reduces authorized shares to 1 billion
1-for-5 reverse stock split effective June 11, 2026; shares reduced from 367.7M to ~73.9M.
Verano Holdings announces 1-for-5 reverse stock split effective June 11, 2026
Reverse stock split ratio 1-for-5; effective 12:01 a.m. PT on June 11, 2026.
CEO Archos receives $2.5M bonus, 2.5M RSUs, cancels agreement, salary raised to $650k
$2,500,000 cash bonus and 2,500,000 RSUs immediately vested into common stock.
1-for-5 reverse stock split effective June 11, 2026; outstanding shares drop from 364,381,806 to ~72,876,361.
Verano Q1 revenue $208M, net loss widens to $18M; announces $20M buyback
Revenue $208M, +1% QoQ, -1% YoY; gross profit margin 48%.
John Tipton retires as President of Southern Region, remains Board member; consulting deal signed
Retirement effective March 16, 2026; Tipton remains on Verano's Board of Directors.
Verano Q4 rev $207M, net loss $183M; closes $195M credit facility at 9.5%
Q4 2025 revenue $207M (+2% QoQ, -5% YoY); Adj. EBITDA $56M (27% margin).
Verano upsizes revolver from $75M to $100M, extends maturity to Feb 2029
RCF commitment increased by $25M to $100M; maturity extended to February 28, 2029.
Verano completes redomicile from BC to Nevada; CEO Archos adds President role
Redomiciled from British Columbia to Nevada effective Nov 3, 2025; shareholders approved Oct 27, BC Supreme Court final order Oct 30.
Verano Q3 revenue drops 6% YoY to $203M; net loss $44M, Adj EBITDA $53M
Revenue $202.8M, down from $216.7M YoY; gross profit margin 47% vs 50% a year ago.
Verano shareholders approve redomicile from British Columbia to Nevada
Shareholders voted 84.8% in favor (101.7M shares) and 15.1% against (18.1M shares) at Oct 27, 2025 special meeting.
Verano updates on postal strike affecting special meeting materials for continuance to Nevada
Special meeting to approve continuance from British Columbia to Nevada set for Oct 27, 2025 at 9:30 a.m. CDT.
Verano closes $75M revolving credit facility, draws $50M to retire higher-cost debt
$75M revolver agented by Chicago Atlantic; $50M drawn to repay existing senior secured debt with no prepayment penalty.
Verano Holdings proposes redomicile from British Columbia to Nevada, seeking shareholder approval
Board approved plan to redomicile from British Columbia to Nevada; shareholder vote required at special meeting.
Verano proposes redomicile from Canada to Nevada, one-for-one share exchange
Board approved plan to redomicile parent from British Columbia to Nevada; shareholder vote required.
Verano Q2 revenue $202M (-9% YoY), net loss $19M; President Darren Weiss resigns
Revenue $202M, down from $222M Q2'24; net loss $19M vs $22M prior year.
Shareholders voted to set board size at five directors (90,812,150 for, 636,368 against).
Verano Q1 revenue $210M, down 5% YoY; net loss widens to $12M
Revenue $210M, down 5% YoY from $221M; down 4% sequentially from $218M.
Verano CFO Brett Summerer resigns; Richard Tarapchak appointed as replacement
Brett Summerer resigned as CFO effective April 11, 2025; no disagreements cited.
Verano Q4 revenue $218M (-8% YoY); net loss $273M from impairments; FY net loss $342M
Q4 revenue $218M, down 8% YoY; full year revenue $879M, down 6% YoY.
Verano Q3 revenue $217M (-10% YoY), net loss widens to $43M, Adj. EBITDA $64M
Revenue fell 9.7% YoY to $216.7M; net loss of $42.6M vs. $17.8M loss in Q3 2023.
Filed Amended Response and Counterclaim in B.C. Supreme Court against Vireo.
Verano closes $105M acquisition of Cannabist's Virginia and Arizona assets
Total consideration for Virginia subsidiary was $90M: $20M cash, $40M in Verano shares, $30M promissory note at 7% interest.
Verano Holdings board adopts annual Say-on-Pay frequency after 97% shareholder vote
Board determined annual Say-on-Pay votes, aligning with 97% shareholder advisory vote favoring annual frequency.
Revenue $222M, down 5% YoY; up 0.5% sequentially, meeting guidance.
Verano to acquire Cannabist's Eastern Virginia and Arizona assets for $105M total
Virginia acquisition: $20M cash, $40M Verano shares, $30M promissory note (7% interest, 2-year maturity).
Verano acquires Cannabist's Virginia and Arizona operations for $105M total
Virginia ops: 1 cultivation, 6 dispensaries; $90M consideration ($20M cash, $40M shares, $30M note).
Verano shareholders elect directors, approve say-on-pay and auditor at 2024 annual meeting
Board size set at five directors with 99.43% of votes in favor.
Verano seeks full trial in Goodness Growth litigation; hearing set for Aug 27-28
Verano filed Notice of Application to dismiss Goodness Growth's summary trial request, seeking full trial on merits.
Verano Q1 revenue $221M falls 3% YoY; net loss narrows to $5M
Revenue $221M, down 3% YoY and 7% sequentially, exceeding guidance.
Verano prepays $50M of debt; releases certain borrowers and liens
Permitted Partial Optional Prepayment of $50M made on April 30, 2024 under Oct 2022 Credit Agreement.
Verano Holdings adopts long-term cash incentive plan to replace equity awards
Compensation Committee approved Long-Term Cash Incentive Plan on March 21, 2024, effective March 22, 2024.
Verano corrects 2023 interest paid from $23.7M to $59.2M; launches Cabbage Club
Interest paid in 2023 cash flows originally reported as $23,677K; corrected to $59,200K due to clerical error.
Verano revises 2023 results: $9M impairment, net loss $117M, revenue $938M
Fixed asset impairment of $9M on Massachusetts cultivation facility; net loss increased by $5M after tax.
Verano Q4 revenue $237M (+5% YoY); FY2023 adj. EBITDA $305M; guides Q1 down 5-7%
Q4 2023 revenue $237M (+5% YoY); net loss $72.6M; adjusted EBITDA $73.4M (31% margin).
Verano reports record FY2023 revenue $938M (+7% YoY); guides Q1 2024 revenue down 5-7%
Full year 2023 revenue $938.5M (+7% YoY); net loss $(112.7)M improved from $(269.2)M.
Verano opens 74th Florida dispensary in Yulee, total nationwide count reaches 137
New MÜV Yulee at 463128 State Road 200 serves Jacksonville metro area (1.6M residents).
Verano subsidiary borrows $28M at 8.34% fixed, secured by Florida property
$27,998,750 loan from First Federal Bank; 300-month amortization, balloon Dec 2028.
Verano launches Essence Nectar line and rebrands Essence portfolio across nine states
Essence Nectar includes terpene-rich cured resin vapes and soon single-strain gummies (O.G. Strawberry, Bonsai Berry).
Verano opens MÜV North Miami-Biscayne, 73rd Florida dispensary, 136th nationwide
New dispensary at 12395 Biscayne Blvd, open Mon-Sat 9am-7pm, Sun 11am-5pm.
Verano Q3 record revenue $240M (+5% YoY); raises FY free cash flow guidance to $72-76M
Revenue $240M (+5% YoY; +3% QoQ); gross profit $133M (55% of revenue).
Verano opens MÜV Satellite Beach, 72nd Florida dispensary, 135th nationwide
New dispensary at 106 Florida Highway A1A opened October 27, 2023.
Verano Holdings begins trading on Cboe Canada; transfers listing from CSE
Class A subordinate voting shares started trading on Cboe Canada on Oct 18, 2023 under symbol VRNO.
Verano receives final approval to transfer listing from CSE to Cboe Canada; trading starts Oct 18
Final approval from Cboe Canada received Oct 13; trading of VRNO shares begins on Cboe Canada Oct 18.
Verano opens Zen Leaf Newington, its second social equity JV dispensary in CT; total stores 134
Grand opening Oct 13, 2023 at 2903 Berlin Turnpike; serves medical and adult-use customers.
Verano opens 71st Florida dispensary in Apopka; nationwide count reaches 133
MÜV Apopka opened Oct 6 at 3301 East State Road 436 in Orange County, FL (pop. 1.4M).
Verano receives conditional approval to list on Cboe Canada, plans CSE delisting
Conditional listing approval on Cboe Canada; shares to trade under symbol VRNO.
On April 11, 2025, Richard Tarapchak was promoted and appointed as the Chief Financial Officer of the Company and its subsidiaries and was designated as the Company’s Principal Financial Officer.
On April 14, 2025, Verano Holdings Corp., a British Columbia corporation (the “ Company ”), announced that Brett Summerer resigned as Chief Financial Officer of the Company and from all officer and other positions with its subsidiaries.
the Board appointed John Allen Tipton, the Company’s President of the Southern Region, and Charles Frederick Mueller to serve as members of the Board, effective immediately.
On July 19, 2023, R. Michael Smullen, a member of the board of directors (the “ Board ”) of Verano Holdings Corp., a British Columbia corporation (the “ Company ”), informed the Company of his intention to resign from the Board and on July 19, 2023 the Board accepted Mr. Smullen’s resignation.
the Board appointed John Allen Tipton, the Company’s President of the Southern Region, and Charles Frederick Mueller to serve as members of the Board, effective immediately.
Laura Kalesnik was promoted from Executive Vice President, Deputy General Counsel to Chief Legal Officer, General Counsel and Secretary of the Company.
President of the Southern Region John Tipton resigned from his officer position as President of the Company and immediately thereafter Mr. Tipton was appointed to the new office of President of the Southern Region of the Company.
Trip McDermott, age 35, was appointed Chief Operating Officer of the Company.
David Spreckman was promoted from Executive Vice President of Marketing to Chief Marketing Officer of the Company.
President Darren Weiss, age 39, resigned from his officer positions as Chief Operating Officer, Chief Legal Officer, General Counsel and Secretary of the Company, and immediately thereafter Mr. Weiss was appointed as President of the Company.
On February 7, 2023, Edward Brown, a member of the board of directors (the “ Board ”) of Verano Holdings Corp., a British Columbia corporation (the “ Company ), informed the Company of his intention to resign from the Board and its Audit and Compensation Committees, effective on February 8, 2023, because of his return to the alcohol industry.
On August 29, 2022, the Board of Directors (the “ Board ”) of Verano Holdings Corp. (the “ Company ”) approved an increase of the Board size from four to five members, appointed Lawrence Randall Hirsh to serve as a member of the Board, and appointed Mr. Hirsh to serve as the Chairman of the Audit Committee of the Board, in each case, effective immediately.
Max materiality 0.85 · Median 0.60 · Most common event other_material