Verano Holdings Corp. (E:VRNO*CA)
Business Focus: Cannabis Product Retailers
| Sector: Consumer Non-Cyclicals | Industry: Drug Retailers |
| Company Contact | |
| Address: | 224 W Hill Street, Suite 400 CHICAGO IL 60610 |
| Tel: | N/A |
| Website: | https://www.verano.com |
| IR: | See website |
| Key People | ||
| George Peter Archos Chairman of the Board, Chief Executive Officer | Laura Kalesnik Chief Legal Officer, General Counsel, Secretary | Darren Henry Weiss President |
| Brett Summerer Chief Financial Officer | John Tipton President, Southern Region, Director | Trip Mcdermott Chief Operating Officer |
| Destiny Thompson Chief People Officer | Richard C. Tarapchak Executive Vice President - Finance, Corporate Controller | Aaron Miles Chief Investment Officer | David Spreckman Chief Marketing Officer |
| Business Overview |
| Verano Holdings Corp. is a vertically integrated, multi-state cannabis operator in the United States. The Company is focused on the development of communal wellness by providing responsible access to regulated medical and adult-use cannabis products to customers. The Company produces a variety of cannabis products sold under its portfolio of consumer brands, including Verano, MUV, Savvy, BITS, Encore and Avexia. It operates businesses in 13 states, including 138 retail dispensaries and 14 production facilities with over 1,000,000 square feet of cultivation capacity. It also designs, builds and operates branded retail environments, including Zen Leaf and MUV dispensaries that deliver a cannabis shopping experience in both medical and adult-use markets. Its Verano product line offers a curated collection of cannabis strains, pre-rolls, vapes, and extracts, including Tire Fire Swift Lifts, Grape Bubble Gum Flower, and Sunshine OG Live Resin Cart. |
| Financial Overview |
| For the three months ended 31 March 2024, Verano Holdings Corp revenues decreased 3% to $221.3M. Net loss decreased 48% to $4.8M. Revenues reflect Retail segment decrease of 8% to $168.6M. Lower net loss reflects Interest Income (Expense), net decrease of 5% to $15.1M (expense), Loss on Debt Extinguishment decrease from $663K (expense) to $0K. Basic Earnings per Share excluding Extraordinary Items increased from -$0.03 to -$0.01. |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $2,717M as of Mar 31, 2024 |
| Annual revenue (TTM): | $1,275M as of Mar 31, 2024 |
| EBITDA (TTM): | $374.07M as of Mar 31, 2024 |
| Net annual income (TTM): | -$154.38M as of Mar 31, 2024 |
| Free cash flow (TTM): | $118.13M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $342.96M as of Mar 31, 2024 |
| Shares outstanding: | 344,163,150 as of Apr 24, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
Disclaimer :: Use of this site is subject to, and your continued use
constitutes your express agreement to be bound by, our Legal and Terms of Use. Any commercial use of this site is
strictly prohibited. Insidertracking.com is operated by INK Research Corp (INK). INK provides general information.
INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion;
however, there may be errors. INK makes no guarantee of accuracy or completeness. All information and opinion
expressed herein is subject to change without notice. Insider information is based on filings made either on EDGAR®
or on the System for Electronic Disclosure for Insiders (SEDI®). Data is provided “as is” and by using this site
you acknowledge that the information which comprises the data is filed by or on behalf of the SEDI filers or other
parties legally required or permitted to do so. Filings may at any time contain errors and by using this site you
acknowledge this fact. INK is not an investment advisory service, a financial planner, an investment advisor nor a
securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for
themselves. Opinions and recommendations contained herein should not be construed as investment advice. Do not
assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment.
Users should always consult with and obtain advice from their professional licensed financial advisor, including
their tax advisor, to determine the suitability of any investment. INK recommends that anyone making an investment
or trading securities do so with caution. Users should perform full due diligence and investigate any security
fully before making an investment or before the execution of a security trade based upon information learned
through INK. Investors should obtain annual reports and other company information to complete their own due
diligence in any investment. Neither INK nor anyone affiliated with INK is responsible for any investment decision
made. INK employees may have an ownership or investment interest in any stock mentioned in this service or on this
website. On this site, there may be third party content, content from authors or links to third-party sites or
pages, the contents of which are not verified, maintained, controlled or supervised by INK. INK is not responsible
for and assumes no liability for the accuracy, completeness or timeliness of any third party content or authored
content provided herein or the information or contents of any linked sites or pages. The inclusion of any authored
content or link by us does not imply that INK recommends, approves or endorses the authored content or linked site
or pages. INK Edge® and INK Research® are registered trade-marks owned by INK Research Corp. SEDI®
is a registered trade-mark owned by the Alberta Securities Commission. Copyright © 2024 INK Research Corp. All rights reserved.
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.
Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.