Verano Holdings Corp.
- VRNO · OTC
- Agricultural Production-Crops
- Chicago, IL
- 3,800 employees
- CIK 0001848416
Updated from SEC filings through
Top things to know
Executives
-
George Archos Verano founder, Chairman and Chief Executive Officer 8-K, 2026-10-29 - Richard C. Tarapchak Chief Financial Officer 4, 2026-06-10
- David Spreckman Chief Marketing Officer 4, 2026-06-10
- Edward Aloysious McDermott III Chief Operating Officer 4, 2026-06-10
- Aaron Nathaniel Miles Chief Investment Officer 4, 2026-06-10
- Destiny Lynn Thompson Chief People Officer 4, 2026-04-21
What leadership is saying
“I am proud of our teams for delivering another strong quarter, highlighted by a 5% increase in revenue, robust retail performance, and achieving our highest level of operating cash flow in four years”
Earnings press release (8-K Ex. 99.1), filed October 29, 2026
Verano Holdings Corp. is a U.S. public company in agricultural production-crops (SIC 0100), headquartered in Chicago, IL. It trades as VRNO on OTC. Revenue was $822M in the fiscal year ending December 31, 2025, -6.5% from the year before. It reported about 3,800 employees. George Archos is Verano founder, Chairman and Chief Executive Officer.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $822M 10-K, 2026-03-12 | $879M 10-K, 2026-03-12 | $938M 10-K, 2026-03-12 | $879M 10-K, 2025-02-27 | $738M 10-K, 2024-03-15 |
| Operating income | -$107M 10-K, 2026-03-12 | -$237M 10-K, 2026-03-12 | $84.8M 10-K, 2026-03-12 | -$161M 10-K, 2025-02-27 | $64.7M 10-K, 2024-03-15 |
| SG&A | $337M 10-K, 2026-03-12 | $353M 10-K, 2026-03-12 | $332M 10-K, 2026-03-12 | $357M 10-K, 2025-02-27 | $271M 10-K, 2024-03-15 |
| Net income | -$258M 10-K, 2026-03-12 | -$342M 10-K, 2026-03-12 | -$117M 10-K, 2026-03-12 | -$269M 10-K, 2025-02-27 | -$57.5M 10-K, 2024-03-15 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| George Archos Co-Founder/Chairman/CEO at Verano Holdings LLC | Verano founder, Chairman and Chief Executive Officer | 8-K, 2026-10-29 |
| Richard C. Tarapchak Chief Financial Officer - Verano Holdings | Chief Financial Officer | 4, 2026-06-10 |
| David Spreckman CMO at Verano | Chief Marketing Officer | 4, 2026-06-10 |
| Edward Aloysious McDermott III | Chief Operating Officer | 4, 2026-06-10 |
| Aaron Nathaniel Miles | Chief Investment Officer | 4, 2026-06-10 |
| Destiny Lynn Thompson | Chief People Officer | 4, 2026-04-21 |
 Josh Heine VP, Corporate Controller & Principal Accounting Officer | Verano | VP, Corporate Controller | 4, 2026-09-10 |
| Charles F. Mueller | Director | 10-K, 2026-03-12 |
| Cristina Nuñez | Director | 10-K, 2026-03-12 |
| John Tipton | Director | 10-K, 2026-03-12 |
| Lawrence Hirsh | Director | 10-K, 2026-03-12 |
What Verano Holdings Corp. does
S. cannabis industry’s leading companies based on historical revenue, geographical scope and brand performance, is a vertically integrated, multi-state operator embracing a mission of saying Yes to plant progress and the bold exploration of cannabis. As an operator of licensed cannabis cultivation, processing, wholesale distribution and retail facilities, our goal is to support communal wellness by providing responsible access to regulated medical and adult use cannabis products.1 million square feet of cultivation capacity.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 72.9 million (as of October 27, 2026) | 10-Q, October 29, 2026 |
|---|---|---|
| Public float | $164M (as of June 30, 2025) | 10-K, March 12, 2026 |
| Reportable segments | 2 (period ending September 30, 2026) | 10-Q, October 29, 2026 |
| Latest proxy statement | Meeting April 29, 2026 (filed April 29, 2026) | DEF 14A, April 29, 2026 |
| Auditor | Macias Gini & O’Connell LLP (Irvine, California) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| December 2, 2025 | Laura Marie Kalesnik See remarks | Sale | 5,850 | $6K | Form 4, December 3, 2025 |
| December 2, 2025 | Aaron Nathaniel Miles Chief Investment Officer | Sale | 5,018 | $5K | Form 4, December 3, 2025 |
| December 2, 2025 | Edward Aloysious McDermott III Chief Operating Officer | Sale | 3,451 | $3K | Form 4, December 3, 2025 |
| December 2, 2025 | David Spreckman Chief Marketing Officer | Sale | 4,903 | $5K | Form 4, December 3, 2025 |
Recent 8-K events
- 8-K filed 2026-10-29
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-08-05
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-06-23
- Item 5.05 Item 5.05
- 8-K filed 2026-06-18
- Item 5.07 Submission of matters to a vote of security holders
- 8-K filed 2026-06-11
- Item 3.03 Material modification to rights of security holders
- Item 5.03 Amendments to articles or bylaws; change in fiscal year
- Item 8.01 Other events
- 8-K filed 2026-06-08
- Item 3.03 Material modification to rights of security holders
- Item 5.03 Amendments to articles or bylaws; change in fiscal year
- 8-K filed 2026-06-02
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2026-06-01
- Item 8.01 Other events
- 8-K filed 2026-04-30
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 8.01 Other events
- 8-K filed 2026-03-18
- Item 5.02 Departure or appointment of directors or officers; compensation
Frequently asked questions about Verano Holdings Corp.
- What does Verano Holdings Corp. do?
- In its own words, from Item 1 of its 10-K: "S. cannabis industry’s leading companies based on historical revenue, geographical scope and brand performance, is a vertically integrated, multi-state operator embracing a mission of saying Yes to plant progress and the bold exploration of cannabis. As an operator of licensed cannabis cultivation, processing, wholesale distribution and retail facilities, our goal is to support communal wellness by providing responsible access to regulated medical and adult use cannabis products.1 million square feet of cultivation capacity."
- What is Verano Holdings Corp.'s revenue?
- $822M for the fiscal year ending December 31, 2025, from its 10-K filed March 12, 2026.
- Is Verano Holdings Corp. profitable?
- Verano Holdings Corp. reported net income of -$258M for the fiscal year ending December 31, 2025.
- How many employees does Verano Holdings Corp. have?
- About 3,800 as of December 31, 2025, as stated in its annual report.
- Who is the CEO of Verano Holdings Corp.?
- George Archos, Verano founder, Chairman and Chief Executive Officer, as named in a 8-K filed October 29, 2026.
- Who is the CFO of Verano Holdings Corp.?
- Richard C. Tarapchak, Chief Financial Officer, as named in a 4 filed June 10, 2026.
- Where is Verano Holdings Corp. headquartered?
- Chicago, IL.
- What is Verano Holdings Corp.'s stock ticker?
- VRNO on OTC.
- What industry is Verano Holdings Corp. in?
- Agricultural Production-Crops, SIC code 0100.
- What is Verano Holdings Corp.'s website?
- verano.com. Investor relations: https://investors.verano.com/.
- When does Verano Holdings Corp. report earnings next?
- March 12, 2027. Source: estimate_10q_cadence.
- Is Verano Holdings Corp. a public company?
- Yes. Verano Holdings Corp. files with the SEC under CIK 0001848416 and trades as VRNO.
- Who audits Verano Holdings Corp.?
- Macias Gini & O’Connell LLP, Irvine, California, as named in its latest annual report (10-K).
- How many shares of Verano Holdings Corp. are outstanding?
- 72.9 million shares as of October 27, 2026, from its 10-Q filed October 29, 2026.
- What is Verano Holdings Corp.'s public float?
- $164M as of June 30, 2025, as reported on the cover of its 10-K filed March 12, 2026.
- How many business segments does Verano Holdings Corp. report?
- 2 reportable segments for the period ending September 30, 2026, from its 10-Q filed October 29, 2026.
- When is Verano Holdings Corp.'s annual shareholder meeting?
- April 29, 2026, per its proxy statement (DEF 14A) filed April 29, 2026.
- Have Verano Holdings Corp. insiders traded stock recently?
- Since December 2, 2025, officers and directors reported 4 open-market sales worth about $18K and 0 purchases on Forms 4 and 5. The most recent: Laura Marie Kalesnik (See remarks) sold 5,850 shares on December 2, 2025.