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 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 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 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 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.
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 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.
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 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 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 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).
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