Earnings summaries and quarterly performance for VRNOF.
Executive leadership at VRNOF.
George Archos
Detailed
Chief Executive Officer
CEO
JT
John Tipton
Detailed
President, Southern Region
AM
Aaron Miles
Chief Investment Officer
DS
David Spreckman
Chief Marketing Officer
DT
Destiny Thompson
Chief People Officer
JL
James Leventis
Chief Strategy and Compliance Officer
JH
Josh Heine
Vice President, Corporate Controller
LM
Laura Marie Kalesnik
Chief Legal Officer, General Counsel & Secretary
RT
Richard Tarapchak
Chief Financial Officer
TM
Trip McDermott
Chief Operating Officer
Board of directors at VRNOF.
Research analysts who have asked questions during VRNOF earnings calls.
AS
Andrew Semple
Echelon Capital Markets
4 questions for VRNOF
Also covers: AAWH, AYRWF, HITI +6 more
KT
Kenric Tyghe
ATB Capital Markets
4 questions for VRNOF
Also covers: AAWH, ACB, AYRWF +2 more
MB
Matt Bottomley
Canaccord Genuity Group Inc.
4 questions for VRNOF
Also covers: ACB, AYRWF, CGC +7 more
RS
Russell Stanley
Beacon Securities
4 questions for VRNOF
Also covers: AAWH, AYRWF, CURLF +5 more
SF
Scott Fortune
ROTH Capital Partners
4 questions for VRNOF
Also covers: AGFY, GTBIF, IMCC
Aaron Grey
Alliance Global Partners
3 questions for VRNOF
Also covers: AFCG, AGFY, CGC +22 more
MM
Matt McGinley
Needham
3 questions for VRNOF
Also covers: AAWH, AYRWF, CRLBF +2 more
Spencer Hanus
Wolfe Research
3 questions for VRNOF
Also covers: COST, DG, FIVE +2 more
CL
Camilo Lyon
BTIG
1 question for VRNOF
Also covers: GTBIF
MB
Mackenzie Boydston
BTIG
1 question for VRNOF
MB
Matthew Baker
Cantor Fitzgerald
1 question for VRNOF
Also covers: AGFY, GTBIF
Neal Gilmer
Haywood Securities Inc.
1 question for VRNOF
Also covers: AAWH, FFNTF, HITI +1 more
Recent press releases and 8-K filings for VRNOF.
Verano Holdings Celebrates Cannabis Rescheduling Announcement
VRNOF
Delisting/Listing Issues
New Projects/Investments
- Verano Holdings Corp. (VRNOF) celebrates President Donald Trump's Executive Order directing the Department of Justice to reschedule cannabis from Schedule I to Schedule III.
- This rescheduling is expected to lead to reforms in medical research, banking, and taxes, and create an opportunity for Verano to list its shares on a U.S.-based stock exchange.
- George Archos, Verano's Founder and CEO, views this as a significant milestone and a transformative policy shift for the cannabis industry, anticipating new opportunities and economic benefits.
- Verano's operations currently span 13 states, comprising 158 dispensaries operating under the Zen Leaf™ and MÜV™ retail banners, and 15 cultivation and processing facilities with over 1.1 million square feet of cultivation capacity.
Dec 18, 2025, 7:15 PM
Verano Holdings Corp. Announces Third Quarter 2025 Financial Results
VRNOF
Earnings
Debt Issuance
New Projects/Investments
- Verano Holdings Corp. reported net revenues of $202.8 million and a net loss of $(43.8) million for the third quarter ended September 30, 2025.
- Adjusted EBITDA was $53.1 million for Q3 2025, with $26 million in net cash provided by operating activities and $8 million in capital expenditures.
- The company secured a $75 million revolving credit facility, using $50 million to retire higher interest rate debt, and its shareholders approved the redomiciling to Nevada on October 27, 2025.
- As of September 30, 2025, Verano had $83 million in cash and cash equivalents and $401 million in total debt.
Oct 29, 2025, 11:09 AM
Verano Holdings Corp. Shareholders Approve Redomicile to Nevada
VRNOF
Proxy Vote Outcomes
- Shareholders of Verano Holdings Corp. approved the plan to redomicile the parent company from British Columbia, Canada, to the State of Nevada at a Special Meeting held on October 27, 2025.
- The resolution passed with 84.8% of shares voted for, 15.1% against, and 0.1% abstained.
- The completion of the redomicile is contingent on a Final Order from the British Columbia Supreme Court and additional filings in British Columbia and Nevada.
- A definitive date for completion cannot be provided due to an employee strike at the British Columbia Registrar of Companies.
Oct 28, 2025, 11:15 AM
Verano Holdings Shareholders Approve Redomicile to Nevada
VRNOF
Proxy Vote Outcomes
- Shareholders of Verano Holdings Corp. approved the plan to redomicile the parent company from British Columbia, Canada, to the State of Nevada at a Special Meeting held on October 27, 2025.
- The completion of the redomicile requires a Final Order from the British Columbia Supreme Court and additional filings, but a definitive completion date is currently unavailable due to an employee strike at the British Columbia Registrar of Companies.
- Upon completion, existing subordinate voting shares will be exchanged on a one-for-one basis for common stock of the Nevada-domiciled Verano Holdings Corp., and stock options and restricted stock units will be adjusted accordingly.
Oct 28, 2025, 11:00 AM
Verano Holdings Corp. Provides Update on Special Meeting Voting Amid Canadian Postal Strike
VRNOF
Proxy Vote Outcomes
M&A
- Verano Holdings Corp. announced a special meeting to be held on October 27, 2025, at 9:30 a.m. (CDT), where shareholders will vote on a plan of arrangement and the proposed continuance of the company from British Columbia, Canada, to Nevada, USA.
- Due to the ongoing Canadian postal strike, the company advises shareholders to cast their votes online as meeting materials may not be delivered by mail.
- Proxy votes will be accepted until at least 9:30 a.m. Central Time on October 24, 2025.
- Shareholders wishing to exercise dissent rights must submit a written notice by 9:30 a.m. (PDT) on October 23, 2025.
Oct 6, 2025, 11:15 AM
Verano Holdings Informs Shareholders of Postal Strike Impact on Special Meeting Materials and Voting Instructions
VRNOF
Legal Proceedings
M&A
Proxy Vote Outcomes
- Verano Holdings is advising shareholders that the delivery of meeting materials for its upcoming special meeting on October 27, 2025, may be delayed due to an ongoing Canadian postal strike.
- Shareholders are urged to cast their votes online by the extended proxy cut-off time of at least 9:30 a.m. Central Time on October 24, 2025, to ensure their instructions are received in a timely manner.
- The special meeting includes a proposal to approve a plan of arrangement and the continuance of the Company from British Columbia to Nevada, with registered shareholders having dissent rights that must be exercised by 9:30 a.m. (PDT) on October 23, 2025.
Oct 6, 2025, 11:00 AM
Vireo Growth Inc. to Acquire Schwazze Convertible Notes
VRNOF
M&A
New Projects/Investments
- Vireo Growth Inc. has entered into definitive agreements to acquire approximately 86% of the outstanding senior secured convertible notes of Medicine Man Technologies Inc. (dba Schwazze) from third-party noteholders.
- The acquisition is for a total consideration of approximately $62 million, payable in subordinate voting shares of Vireo at a deemed price of $0.54 per share.
- The transaction is expected to close later this month (October 2025), subject to customary conditions and receipt of necessary approvals.
Oct 2, 2025, 11:10 PM
Verano Secures $75 Million Revolving Credit Facility
VRNOF
Debt Issuance
New Projects/Investments
- Verano Holdings Corp. secured a US $75,000,000 revolving credit facility on September 30, 2025, with Chicago Atlantic Admin, LLC acting as the administrative agent.
- The company immediately drew US $50,000,000 from this facility to retire an equal amount of higher interest rate debt from its existing senior secured credit facility without incurring any prepayment penalty.
- The Revolver carries a floating annual interest rate of SOFR plus 6% (subject to a 4% SOFR floor) and is set to mature on September 29, 2028.
- The remaining US $25,000,000 from the facility is available to fund strategic initiatives, and it is secured by selected real estate.
Oct 1, 2025, 11:15 AM
Quarterly earnings call transcripts for VRNOF.
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