Verano to Report Third Quarter 2026 Financial Results on October 29, 2026
Verano Announces Upcoming Conference Participation
Verano Enters Cannabis Beverage Category with Debut of Easy Landings, Company's First National Beverage Brand Featuring Four Delicious Flavors and All-Natural Ingredients
VRNOF: 10-Q · periodic report
Verano Holdings reported Q2 2026 revenue of $217.9 million, up 8% year over year, with the net loss narrowing to $13.4 million ($0.18 per share) from $19.2 million ($0.27) a year earlier. Profitability deteriorated beneath the top line: gross margin compressed to 46% from 56% on third-party wholesale price compression, Adjusted EBITDA fell to $51.2 million from $66.2 million, and the company booked a $4.1 million impairment on a held-for-sale Massachusetts cultivation facility. The balance sheet was reset in March 2026 — a $195 million term loan led by Needham Bank replaced the 2022 Credit Agreement and the real-estate revolver was upsized to $100 million, leaving $392.6 million of total debt against $85.2 million of cash. CEO George Archos personally funded $10 million of the new term loan through an affiliated entity. Federal rescheduling of medical cannabis to Schedule III took effect April 26, 2026 and could relieve Section 280E, but IRS guidance remains pending, litigation challenges the order, and Verano carries $400.7 million of uncertain tax positions; the company also effected a 1-for-5 reverse stock split on June 11, 2026 and repurchased 320,000 shares for $2.0 million in the half.
Verano Announces Strong Second Quarter 2026 Financial Results Highlighted by $218 Million in Revenue
VRNOF: S-3 · shelf registration
Verano Holdings Corp. filed a shelf registration statement on Form S-3, allowing the company to offer up to an aggregate of $1,000,000,000 of common stock, warrants, rights, and units. The securities may be sold from time to time in one or more offerings, with specific prices and terms to be detailed in future prospectus supplements. The company intends to use the net proceeds from any such sales for general corporate purposes, which may include capital expenditures, working capital, and general and administrative expenses. As of July 6, 2026, Verano's common stock was listed on Cboe Canada under the symbol 'VRNO' at CAD $8.38 per share and quoted on the OTCQX in the U.S. under the symbol 'VRNOD' at $5.84 per share.
VRNOF: 8-K · other
Verano Holdings Corp. updated its Code of Business Conduct and Ethics on June 20, 2026. The Board of Directors approved revisions to align the document with other governance materials and reflect the company's domicile in Nevada. The amendments include language updates regarding corporate opportunities, competition, confidentiality, and the protection of company assets. The company emphasized that the revisions are non-substantive and do not result in any waivers of ethical principles for officers or directors.
VRNOF: 8-K · proxy statement
Verano Holdings Corp. reported the voting results from its 2026 Annual Meeting of Stockholders held on June 18, 2026. Stockholders elected five directors, including George Archos and Lawrence Hirsh, and ratified the appointment of Macias Gini & O’Connell LLP as the independent auditor for the fiscal year ending December 31, 2026. The voting results indicate approval for the company's Say-on-Pay advisory proposal and the reapproval of the Verano Holdings Corp. Stock and Incentive Plan. All proposals passed, with the Stock and Incentive Plan approved for continuation until June 18, 2029. Notably, Director John Tipton received 19.77% of votes withheld, a higher level of dissent compared to other nominees. The filing also confirms that a reverse stock split became effective on June 11, 2026, though the voting figures do not yet reflect this change.
VRNOF: 8-K · reverse split
Verano Holdings Corp. completed a 1-for-5 reverse stock split effective June 11, 2026, reducing its issued shares from approximately 367.7 million to 73.9 million. The company also reduced its authorized shares from 5 billion to 1 billion to align with the consolidation. The reverse split is part of a broader strategy to position the company for a prospective uplisting to a U.S. stock exchange, following its redomiciling from Canada to Nevada in November 2025. The stock will trade under the symbol VRNOD on the OTCQX for 20 business days before reverting to VRNO. Fractional shares resulting from the split were paid out in cash based on the pre-split closing price. The company also adjusted its Normal Course Issuer Bid, allowing for the repurchase of up to 3.64 million shares post-split.
Verano Holdings Corp. filed a Certificate of Change with the State of Nevada to effectuate a 1-for-5 reverse stock split of its common stock. The split is expected to become effective at 12:01 a.m. Pacific Time on June 11, 2026, with trading on a split-adjusted basis beginning that same day. As of June 4, 2026, the company had approximately 365 million shares outstanding, which will be reduced to approximately 73 million shares following the split. Stockholders will continue to trade under the symbol "VRNO" on Cboe Canada and OTCQX, and fractional shares will be settled in cash based on the closing price on the day preceding the effective date.
VRNOF: 8-K · leadership change
Verano Holdings Corp. announced that CEO George Archos received a $2.5 million cash bonus and 2.5 million immediately vested restricted stock units on June 1, 2026. This compensation package was awarded in recognition of his leadership and long service to the company. Simultaneously, Archos canceled his existing employment agreement from February 2021 and entered into new terms. His base salary was increased to $650,000 retroactive to January 1, 2026, and he received additional long-term incentives valued at approximately $1.14 million in total (split between equity and cash) vesting over three years. The total value of the immediate and near-term compensation adjustments exceeds $8 million. This significant increase in executive pay, particularly the immediate vesting of 2.5 million shares, raises concerns about shareholder dilution and governance standards during a challenging period for the cannabis industry.
Verano Announces 1-for-5 Reverse Stock Split to Prepare the Company for Prospective U.S. Stock Exchange Listing
Verano Submits DEA Registration Applications for State-Licensed Medical Cannabis Businesses Following Landmark Federal Rescheduling Order
Verano Announces Strong First Quarter 2026 Financial Results Highlighted by $208 Million in Revenue
Verano Announces $20 Million Share Repurchase Authorization
Verano Founder and Chief Executive Officer George Archos Celebrates Historic Announcement Confirming Cannabis Rescheduling to Schedule III
Verano Expands Retail Presence on Florida's Emerald Coast with Opening of MÜV Miramar Beach, the Company's 85th Florida Dispensary and 162nd Location Nationwide
