Verano Holdings Corp. VRNO

What this company does

Verano operates licensed cannabis cultivation, processing, wholesale distribution and retail facilities. As of March 10, 2026, through its subsidiaries and affiliates it operated businesses in 13 states, including 160 retail dispensaries and 14 cultivation and processing facilities with over 1.1 million square feet of cultivation capacity. As of March 10, 2026, the Company had approximately 3,800 employees across its consolidated operating jurisdictions, spanning corporate, retail, and cultivation and processing roles. For the fiscal year ended December 31, 2025, medical-use sales and adult use sales comprised approximately 53% and 47% of its consolidated revenues, respectively. The corporate headquarters of Verano is located at 224 W. Hill Street, Suite 400, Chicago, Illinois. Verano is a holding company and conducts its business operations through direct and indirect subsidiaries and affiliates. Verano LLC, a subsidiary of the company, was co-founded by George Archos in September 2017 and was formed as a Chicago, Illinois based holding company to consolidate cannabis cultivation, production and retail dispensary operations initially in Illinois. On November 3, 2025, the Company filed articles of domestication and articles of incorporation with the Secretary of State of the State of Nevada, continuing its jurisdiction of incorporation from the Province of British Columbia, Canada to the U.S. State of Nevada.

Written from the business description in Verano Holdings Corp.'s annual report to the U.S. Securities and Exchange Commission, filed 12 March 2026. Every sentence was checked against that document before publication.