Verano is a holding company and conducts its business operations through subsidiaries and affiliates. The following chart sets forth the corporate structure of the Company and its primary subsidiary, Verano LLC. We operate our business through direct and indirect subsidiaries and affiliates of the Company. As part of the implementation of the Go Public Transactions, through a series of transactions we formed two levels of subsidiaries above Verano LLC that include Verano Holdings USA Corp., a Delaware corporation (“BlockerCo”), and five subsidiaries of BlockerCo, those being ZNN Holdings, LLC, a Delaware limited liability company, Nuuvn Holdings, LLC, a Delaware limited liability company, ZenNorth LLC, a Delaware limited liability company, A&T SPV II LLC, a Texas limited liability company, and SGI 1 LLC, a Delaware limited liability company (collectively, the “Blocker Subsidiaries”). BlockerCo and the Blocker Subsidiaries have no business or operations and exist solely to affect the Go Public Transactions and the taxation of Verano as a U.S. corporation rather than a British Columbia corporation.
Company profile
Ticker
VRNOF
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
102 Chester, LLC • 1090 Longwood, LLC • 11340 Fort Myers, LLC • 1200 Sharon, LLC • 12395 North Miami, LLC • 1246 Newark, LLC • 130 Monroeville, LLC • 1325 Coolidge, LLC • 1387 & 1391 Meriden, LLC • 16 Magothy Road Beach, LLC ...
IRS number
981583243
Latest filings (excl ownership)
10-Q
2024 Q1
Quarterly report
8 May 24
8-K
Verano Announces First Quarter 2024 Financial Results
8 May 24
8-K
Entry into a Material Definitive Agreement
3 May 24
ARS
2023 FY
Annual report to shareholders
29 Apr 24
DEFA14A
Additional proxy soliciting materials
29 Apr 24
DEF 14A
Definitive proxy
29 Apr 24
8-K
Departure of Directors or Certain Officers
26 Mar 24
8-K
Other Events
25 Mar 24
8-K/A
Verano Announces Revised Fourth Quarter and Full Year 2023 Financial Results
15 Mar 24
10-K
2023 FY
Annual report
15 Mar 24
Transcripts
Latest ownership filings
4
George Peter Archos
5 Jun 24
4
Richard C Tarapchak
5 Jun 24
4
David Spreckman
5 Jun 24
4
Laura Marie Kalesnik
5 Jun 24
4
John Allen Tipton
5 Jun 24
4
Destiny Lynn Thompson
5 Jun 24
4
Aaron Nathaniel Miles
5 Jun 24
4
Edward Aloysious McDermott III
5 Jun 24
4
Darren Henry Weiss
5 Jun 24
4
Brett Andrew Summerer
5 Jun 24
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | |
---|---|---|---|
Revenue | |||
Cost of revenue | |||
Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
Cash on hand | |||
Change in cash | |||
Diluted EPS |
Institutional ownership, Q3 2023
11.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 5 |
Opened positions | 0 |
Closed positions | 0 |
Increased positions | 1 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 825.13 mm |
Total shares | 38.88 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
George Peter Archos | 22.23 mm | $107.19 mm |
Cowen Financial Products | 16.50 mm | $48.83 mm |
Westerly Capital Management | 100.00 k | $455.00 mm |
ONB Old National Bancorp | 47.05 k | $214.06 mm |
Albert D Mason | 11.23 k | $51.00 k |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
3 Jun 24 | Lawrence Randall Hirsh | Class A Subordinate Voting Shares | Option exercise | Acquire M | No | No | 0 | 21,477 | 0.00 | 56,560 |
3 Jun 24 | Lawrence Randall Hirsh | RSU Class A Subordinate Voting Shares | Option exercise | Dispose M | No | No | 0 | 21,477 | 0.00 | 114,656 |
3 Jun 24 | Frederick Charles Mueller | Class A Subordinate Voting Shares | Option exercise | Acquire M | No | No | 0 | 18,409 | 0.00 | 18,409 |
3 Jun 24 | Frederick Charles Mueller | RSU Class A Subordinate Voting Shares | Option exercise | Dispose M | No | No | 0 | 18,409 | 0.00 | 70,368 |
3 Jun 24 | Cristina Maria Nunez | Class A Subordinate Voting Shares | Option exercise | Acquire M | No | No | 0 | 30,204 | 0.00 | 72,559 |
3 Jun 24 | Cristina Maria Nunez | RSU Class A Subordinate Voting Shares | Option exercise | Dispose M | No | No | 0 | 21,477 | 0.00 | 88,299 |
3 Jun 24 | Cristina Maria Nunez | RSU Class A Subordinate Voting Shares | Option exercise | Dispose M | No | No | 0 | 8,727 | 0.00 | 109,776 |
3 Jun 24 | Brett Andrew Summerer | Class A Subordinate Voting Shares | Option exercise | Acquire M | No | No | 0 | 123,322 | 0.00 | 169,421 |
3 Jun 24 | Brett Andrew Summerer | RSU Class A Subordinate Voting Shares | Option exercise | Dispose M | No | No | 0 | 85,910 | 0.00 | 385,790 |
3 Jun 24 | Brett Andrew Summerer | RSU Class A Subordinate Voting Shares | Option exercise | Dispose M | No | No | 0 | 14,971 | 0.00 | 471,700 |
News
Marijuana Stock Set To Rise On Your Watchlist: Verano Holdings Targets EBITDA And Lower Debt
7 Jun 24
'Most Florida Marijuana Is Illegal' Mom Cautions Against Dangers Of Unregulated Weed In New Cannabis Legalization Ad
5 Jun 24
DEA Rules THCA Is Not Legal Hemp Amid Industry Shake-Up And Farm Bill Debate On Delta-8 THC Prohibition
28 May 24
House Committee Approval Of Amendment Eliminating 90% Of Hemp Intoxicating Products Could Drive Wedge Between Cannabis And Hemp Industries
24 May 24
A $25.5M Growth Possibility For New Jersey's Pre-Roll Cannabis Market
21 May 24
Press releases
Verano Announces Upcoming Conference Participation
13 May 24
Verano Accelerates Retail Expansion in Central Florida with the Opening of MÜV Haines City, the Company's 75th Location in Florida and 140th Retail Location in the Nation
9 May 24
Verano Announces First Quarter 2024 Financial Results
8 May 24
Verano Strengthens Connecticut Retail Footprint with the Opening of Zen Leaf Naugatuck, the Company's Third Social Equity Joint Venture Location and Fifth Dispensary Statewide
2 May 24
Verano to Report First Quarter 2024 Financial Results on May 8, 2024
3 Apr 24