Verano Holdings Corp
Verano Holdings Corp is a cannabis company that cultivates, produces, and sells cannabis products, primarily in the United States, generating revenue through the sale of cannabis flower, edibles, concentrates, and other cannabis-derived products.
Business. Verano Holdings Corp (VRNO.NLB) is a consumer non-cyclical company operating within the food and beverages industry, specifically engaged in fishing and farming activities. The firm generates revenue through the sale of food products. Headquarters location, operating segments, and geographic breakdowns are not specified in the available data. The company is listed under the ticker VRNO.NLB.
Analyst recommendations
8 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Company
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
Verano Holdings Corp (VRNO.NLB) is a consumer non-cyclical company operating within the food and beverages industry, specifically engaged in fishing and farming activities. The firm generates revenue through the sale of food products. Headquarters location, operating segments, and geographic breakdowns are not specified in the available data. The company is listed under the ticker VRNO.NLB.
Verano Holdings Corp has a liquidity position that is medium in risk, with a current ratio of 2.88 and cash and equivalents of $82.7 million, but it has a negative net cash position after subtracting total debt. The company's debt-to-equity ratio is 0.57, indicating a moderate level of leverage.
The company's profitability is weak, with a return on equity of -36.63% and a return on assets of -14.81%, both significantly below the industry median for the Fishing & Farming sector. Operating income is negative at -$100.4 million, and net income is -$257.9 million, reflecting ongoing operational challenges.
Verano's revenue is concentrated in the United States, with no disclosed international operations. The company operates in a single business segment focused on cannabis cultivation and retail, with no material diversification across product lines or geographic regions.
The company's growth trajectory is uncertain, with no disclosed revenue growth in the most recent fiscal year. Analysts have assigned a mean price target of $5.17, with a median of $5.00, but no strong buy recommendations have been issued, suggesting limited near-term upside.
Risk factors include liquidity constraints, with free cash flow at -$162.9 million and capital expenditures at -$41.2 million, indicating ongoing investment in operations. The company has a low dilution risk, with no near-term pressure from share issuance, and no material dilution sources have been identified in recent filings.
Recent events include the continued expansion of cannabis retail operations in the U.S., but the company has not disclosed any material new product launches or strategic acquisitions in the latest filings. The company's financial performance remains under pressure from high operating costs and regulatory challenges in the cannabis industry.
- Verano Holdings Corp is a cannabis company with a weak profitability profile and negative returns on equity and assets.
- The company has a moderate debt load and a current ratio of 2.88, but its net cash position is negative after subtracting total debt.
- Revenue is concentrated in the U.S. cannabis market, with no material international exposure or diversification.
- Analysts have assigned a mean price target of $5.17, but no strong buy recommendations have been issued.
- The company faces liquidity and operational risks, with free cash flow at -$162.9 million and no near-term dilution pressure.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | -0,03 |
| Revenue | —no estimate | —no estimate | 829,7M USD |
| Operating income | —no estimate | —no estimate | 89,9M USD |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- Verano Holdings Corp Market data — financials · 2026-05-29
- Verano Holdings Corp Market data — analyst estimates · 2026-05-29
Ownership & reference
Leadership
- George Peter ArchosChairman of the Board, Chief Executive Officer
Insider activity
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Cost of revenue (YoY) (2025-12-31 vs 2024-12-31): -6.1%Derived (calculated)
- Revenue (YoY) (2025-12-31 vs 2024-12-31): -6.5%Derived (calculated)
- Operating income (YoY) (2025-12-31 vs 2024-12-31): 54.8%Derived (calculated)
- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): -0.4%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): -52.9%Derived (calculated)
- Gross profit (YoY) (2025-12-31 vs 2024-12-31): -6.9%Derived (calculated)
- EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): 27.6%Derived (calculated)
- EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): 27.6%Derived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): -26.0%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): -12.7%Derived (calculated)
- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): -5.8%Derived (calculated)
- Net margin (FY 2025-12-31): -0.0%Derived (calculated)
- Gross margin (FY 2025-12-31): 50.3%Derived (calculated)
- Return on equity (FY 2025-12-31): -0.0%Derived (calculated)
- Return on assets (FY 2025-12-31): -0.0%Derived (calculated)
- Current ratio (FY 2025-12-31): 2.88xDerived (calculated)
- Debt-to-equity (FY 2025-12-31): 1.48xDerived (calculated)
- Capex (YoY) (2025-12-31 vs 2024-12-31): -58.4%Derived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): 24.6%Derived (calculated)
- Long-term debt (YoY) (2025-12-31 vs 2024-12-31): -3.4%Derived (calculated)
- EPS (diluted) (annual): USD-PER-SHARES -1SEC XBRL filing
- Total assets (annual): USD 1.74BSEC XBRL filing
- Operating cash flow (annual): USD 52.85MSEC XBRL filing
- Gross profit (annual): USD 413.5MSEC XBRL filing