Verano Hldgs Stock Price, News & Analysis

Verano Holdings Corp. (Cboe CA: VRNO / OTCQX: VRNOF) completed the redomicile of its parent from British Columbia, Canada to the State of Nevada.

Shareholders approved the plan at a Special Meeting on October 27, 2025, the British Columbia Supreme Court issued a Final Order on October 30, 2025, and the redomicile became effective when filings were made with the Nevada Secretary of State on November 3, 2025. The company’s common stock continues to trade on Cboe Canada as VRNO and is quoted on OTCQX as VRNOF.

Verano describes itself as a multi-state cannabis operator with operations in 13 U.S. states and 15 production facilities.

Verano Holdings (OTCQX: VRNOF) reported third quarter 2025 results for the period ended September 30, 2025. Revenue was $203.0M, down from $216.7M a year earlier. Gross profit was $95.2M (47% of revenue), down from $109.1M (50%). The company recorded a net loss of $(43.8)M (22% of revenue) and Adjusted EBITDA of $53.1M (26% of revenue).

Operational items: net cash from operations was $26M; capital expenditures were $8M (vs. $57M prior year); cash was $82.6M and total debt was $401M. The company secured a US$75M revolving facility, drew US$50M to repay higher-rate debt, and shareholders approved redomiciling to Nevada on October 27, 2025.

Verano Holdings Corp (OTCQX: VRNOF) announced that shareholders approved the plan to redomicile the parent company from British Columbia to the State of Nevada at a Special Meeting held on October 27, 2025. Completion requires a Final Order from the British Columbia Supreme Court and additional filings in British Columbia and Nevada. The company said an employee strike at the British Columbia Registrar of Companies prevents a definitive completion date, and Verano plans to finalize the continuance as quickly as possible.

At the effective time, existing subordinate voting shares will exchange one-for-one for Nevada common stock and outstanding stock options and restricted stock units will be adjusted to reflect an equal number of Nevada shares. Verano operates across 13 U.S. states with 15 production facilities and over 1.1 million sq ft of cultivation capacity.

Verano (OTCQX: VRNOF) announced the exclusive launch of HYPHEN, a modular all-in-one vape pod system that supports multiple oil types and sizes through interchangeable pods. The product rollout begins October 18, 2025 at Zen Leaf dispensaries and third-party retailers in Arizona, Illinois, Maryland and New Jersey, with planned expansion to Connecticut, Florida, Nevada, Ohio, Pennsylvania, Virginia and West Virginia.

HYPHEN features 1-gram Essence and 2-gram Savvy pods, 20 strains, three temperature settings with pre-heat, an embedded NFC chip for promotions, and a sidebar battery; individual pods will be sold at a later date. Verano operates in 13 states with 15 production facilities and 1.1 million sq ft cultivation capacity.

Verano (OTCQX: VRNOF) announced the Grand Opening of Zen Leaf Antwerp on October 17, 2025, located at 503 W. River Street in the restored 1880 Norfolk & Western Train Depot listed on the National Register of Historic Places.

Zen Leaf Antwerp is Verano’s sixth Ohio dispensary and follows prior curbside operations; it will be open Monday–Saturday 10:00 a.m.–7:00 p.m. The site is under five miles from the Indiana border and a 30-minute drive from Fort Wayne (metro ~423,000). Verano will host an onsite job fair October 17–18 with in-person interviews. Verano also cites Ohio cultivation and processing operations (22,000 sq ft in Canton) and broader operations across multiple U.S. states.

Verano (OTCQX: VRNOF) warned shareholders that the ongoing Canadian postal strike may prevent delivery of its Meeting Materials for the special meeting on October 27, 2025 at 9:30 a.m. CDT. The Meeting Materials are available online on SEDAR+, EDGAR, and the company investor site. The company urges online voting and will accept proxy votes until at least 9:30 a.m. CT on October 24, 2025; beneficial shareholders should submit votes ≥24 hours before the proxy cut-off. Registered shareholders can get voting help from Odyssey Trust; dissent rights must be exercised by 9:30 a.m. PDT on October 23, 2025.

Corporate action: Verano filed Meeting Materials with the SEC related to a proposed continuance from British Columbia to Nevada.

Verano Holdings Corp. (OTCQX: VRNOF) has secured a US $75 million revolving credit facility through Chicago Atlantic Admin, LLC, marking what is believed to be the largest such facility among US cannabis operators. The company has immediately drawn $50 million to retire existing higher-interest debt from its senior secured credit facility.

The new facility, maturing in September 2028, features a floating annual interest rate of SOFR plus 6% (4% SOFR floor), no required amortization payments, and flexible repayment terms. The revolver is secured by selected real estate and allows for proportionate release of collateral, providing Verano with enhanced financial flexibility and lower cost debt options.

Verano Holdings Corp. (OTCQX: VRNOF), a leading multi-state cannabis company, has scheduled its Q3 2025 financial results release for October 29, 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, offering cannabis products through various brands including Verano™, Essence™, MÜV™, Savvy™, BITS™, Encore™, and Avexia™.

Verano Holdings Corp. (OTCQX: VRNOF) announced the opening of MÜV Crystal River on September 19, marking its 82nd MÜV location in Florida and expanding its nationwide presence to 158 dispensaries. The new dispensary, located at 941 NE US Hwy 19, represents Verano's first entry into Florida's Citrus County, a region with over 150,000 residents.

The Company recently introduced new products in Florida, including Savvy 10-pack barrel-style pre-rolls and Avexia's award-winning topicals. Verano's operations now span 13 U.S. states, with 15 cultivation and processing facilities covering over 1.1 million square feet of cultivation capacity.