Verano Hldgs Stock Price, News & Analysis

Verano Holdings Corp. (VRNOF), a leading multi-state cannabis company, has announced plans to redomicile from British Columbia, Canada to Nevada, USA. The company's Board of Directors has approved this strategic move, which requires shareholder approval through a special meeting.

Under the proposed plan, existing subordinate voting shares will be exchanged on a one-for-one basis for Nevada Common Stock. The company will maintain its trading symbols "VRNO" on Cboe Canada and "VRNOF" on OTCQX. This redomiciling will not materially impact Verano's operations across 13 U.S. states, including its Chicago headquarters.

The company operates 15 production facilities with over 1.1 million square feet of cultivation capacity under various brands including Zen Leaf™, MÜV™, Verano™, and others.

Verano Holdings (OTCQX: VRNOF) announced the resignation of Company President Darren Weiss, who will pursue business opportunities in the cannabis industry outside North America. Weiss, who joined Verano in 2017, served in multiple leadership roles including General Counsel, Chief Legal Officer, Chief Operating Officer, and President.

While departing his executive role, Weiss will continue his relationship with Verano as a consultant, focusing on business development outside North America. The company will maintain a right of first refusal on business opportunities that Weiss may initiate, source, or participate in internationally.

Verano Holdings Corp. (OTCQX: VRNOF) reported its Q2 2025 financial results, showing mixed performance with revenue declining but improved operational efficiency. The company generated $202.3 million in revenue, down from $222.4 million in Q2 2024, with a gross profit of $113 million (56% margin).

The quarter saw a net loss of $19.2 million, an improvement from the $21.8 million loss in Q2 2024. Adjusted EBITDA reached $66.2 million (33% of revenue), while operating cash flow improved to $11 million. The company expanded its retail presence with new dispensaries in Florida and Connecticut, maintaining operations across 13 states with 157 dispensaries and 15 production facilities.

Verano Holdings (OTCQX: VRNOF) has promoted James Leventis to the position of Chief Strategy and Compliance Officer, effective July 1, 2025. Leventis, who joined Verano in 2019, will oversee the company's regulatory, licensing, compliance, and government affairs activities across its national operations.

A licensed attorney with nearly 15 years of experience in healthcare, pharmaceutical, consulting, and cannabis sectors, Leventis previously served as Executive Vice President of Legal, Regulatory and Government Affairs. He has been instrumental in Verano's transformation from a single-state operator to one of the largest publicly traded cannabis companies.

Leventis is actively involved in cannabis reform advocacy and serves on several industry boards including the United States Cannabis Roundtable and the American Trade Association of Cannabis and Hemp.

Verano Holdings Corp. (OTCQX: VRNOF), a leading multi-state cannabis company, has scheduled its second quarter 2025 financial results release for August 7, 2025, before market open. The company will host a conference call and webcast with analysts and investors at 8:30 a.m. ET / 7:30 a.m. CT on the same day.

Verano operates across 13 U.S. states with 15 production facilities spanning over 1.1 million square feet of cultivation capacity. The company manages dispensaries under the Zen Leaf™ and MÜV™ banners, including their Cabbage Club™ membership program, and produces cannabis products under various brands including Verano™, Essence™, MÜV™, Savvy™, BITS™, Encore™, and Avexia™.

Verano Holdings (OTCQX: VRNOF) has unveiled a revolutionary bodega-style dispensary format at its Zen Leaf Cave Creek location in Phoenix. This new retail concept allows customers to directly browse and select cannabis products from shelves, offering one of the largest accessible assortments in the U.S.

The company will celebrate with a grand re-opening Summer Festival on June 27-28th, featuring celebrity appearances, food trucks, and special promotions. The store operates daily from 8:00 AM to 10:00 PM and offers multiple shopping methods including self-selection, online pre-orders, in-store kiosks, counter service, and curbside pickup.

Verano maintains a strong presence in Arizona with 8 dispensaries and 90,000 square feet of cultivation and processing facilities. The company operates across 13 states with 157 dispensaries and 15 cultivation facilities.

Verano Holdings (VRNOF) has announced an exclusive partnership with Arizona-based Grow Sciences to introduce their premium cannabis products to the Illinois market starting June 21st. The partnership will initially launch at Zen Leaf's ten Illinois dispensaries before expanding to other retailers. Grow Sciences, operating since 2017, will bring thirteen elite cannabis strains including Prickly Pear, Florida Jack, and Jelly RTZ. The product lineup includes premium flower eighths, 1-gram flower joints, live hash rosin cartridges, hash rosin extracts, and live rosin fruit chews. All products feature hand-selected, craft cannabis with a focus on quality and natural extraction methods. The partnership represents a significant expansion for Grow Sciences and enhances Verano's product portfolio in their home state.

Verano Holdings (VRNOF) announced the opening of Zen Leaf Enfield, its seventh Connecticut dispensary, on May 23, 2025. Located at 98 Elm St. near Enfield Square Mall, the dispensary features a drive-thru and will operate Monday-Saturday (9am-9pm) and Sunday (10am-6pm). The opening coincides with the Mall's upcoming $250 million transformation into Enfield Marketplace. The company demonstrated community engagement by funding Narcan supplies for the Thompsonville Fire Department and supporting local food banks. The location joins Verano's extensive network of 157 dispensaries across 13 states, complementing their 217,000 sq ft CTPharma facility in Rocky Hill. The grand opening celebration during Memorial Day weekend will feature special promotions, local vendors, food trucks, and a ceremonial ribbon cutting with community leaders.

Verano Holdings Corp. (VRNOF) reported its Q1 2025 financial results with revenues of $210 million, representing a 5% year-over-year decline and a 4% sequential decrease. The company posted a net loss of $12 million and Adjusted EBITDA of $54 million (26% of revenue). Gross profit was $100 million (47% of revenue), down from $113 million (51%) in Q1 2024. The revenue decline was attributed to increased promotional activity and price compression in key markets, partially offset by Ohio adult-use sales and strong performance in Florida. The company expanded its retail footprint with new MÜV and Zen Leaf dispensaries, reaching 155 dispensaries across 13 states. Verano maintained a solid balance sheet with $84 million in cash and total debt of $421 million.