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Verano Holdings Corp. director Lawrence Randall Hirsh reported compensation-related equity activity, with no open-market buying or selling. On June 1, 2026, he exercised or settled restricted stock units into 10,191 shares of Common Stock, bringing his direct Common Stock holdings to 173,838 shares.
He also received a grant of 53,418 Restricted Stock Units under the Verano Holdings Corp. Stock and Incentive Plan, each representing a contingent right to one share of Common Stock, increasing his RSU balance to 70,020 units. Additional previously granted RSUs vested and were settled that day according to multi-year vesting schedules, reflecting routine incentive compensation rather than discretionary market trades.
Verano Holdings Corp. director Frederick Charles Mueller reported several equity compensation transactions involving common stock and restricted stock units (RSUs) on June 1, 2026. These were all acquisitions related to grants and vesting, with no open-market purchases or sales.
Mueller exercised derivative securities and settled vested RSUs into 10,191 shares of common stock, bringing his direct common stock holdings to 91,399 shares after the transactions. He also received a new grant of 53,418 RSUs under the Verano Holdings Corp. Stock and Incentive Plan, each representing a right to receive one share of common stock, alongside additional RSU vesting and settlements. The footnotes explain multi-year vesting schedules for these awards, indicating these are routine compensation and vesting events rather than discretionary trading.
Verano Holdings director Cristina Maria Nunez increased her equity-based stake through compensation-related moves. On June 1, 2026, she exercised vested awards to receive 10,192 shares of common stock, bringing her direct common stock holdings to 163,481 shares.
She was also granted 53,418 new restricted stock units (RSUs) under the Verano Holdings Corp. Stock and Incentive Plan. Additional vested RSUs totaling 6,408 and 3,784 units were settled into common stock the same day, reflecting routine vesting and settlement of prior RSU grants rather than any open-market buying or selling.
Tipton John Allen reported acquisition or exercise transactions in this Form 4 filing.
Verano Holdings Corp. director John Allen Tipton received a grant of 53,418 restricted stock units on June 1, 2026 under the Verano Holdings Corp. Stock and Incentive Plan. Each unit represents a contingent right to one share of common stock, vesting 33.33% on June 1, 2027, 33.33% on June 1, 2028 and 33.34% on June 1, 2029.
Verano Holdings Corp. director and officer George Peter Archos reported several equity compensation events involving the company’s Common Stock, par value $0.001, and restricted stock units. The filing shows compensation-related share awards, RSU vesting and settlement, and routine tax withholding, rather than open‑market trading.
Archos received 2,500,000 shares of common stock at a price of $0.00 per share in a grant or award and exercised derivative securities to acquire additional common shares. The company withheld 18,256 shares at $1.17 per share to satisfy income tax obligations, which the footnotes emphasize does not represent a sale. He also received a new grant of 486,111 restricted stock units, each representing a contingent right to one common share, alongside the vesting and settlement of earlier RSU awards on a defined schedule. After these transactions, Archos directly holds over 14.7 million common shares, with additional indirect interests held through entities and a trust.
Verano Holdings Corp. Chief Investment Officer Miles Aaron Nathaniel reported equity compensation activity centered on restricted stock units. On June 1, 2026, he exercised derivative awards into Common Stock in several tranches of 55,241, 31,398 and 23,843 shares. In connection with these settlements, 16,186 shares were withheld at $1.17 per share to cover income tax obligations, which the company notes does not represent an open-market sale. Nathaniel also received a grant of 261,752 new restricted stock units under the Verano Holdings Corp. Stock and Incentive Plan, with future vesting through June 1, 2029. Following these transactions, he directly holds 371,478 shares of Common Stock and maintains a remaining RSU position reported in the filing.
Verano Holdings Corp. updated its executive compensation, granting Chair and CEO George Archos a $2,500,000 cash bonus and 2,500,000 restricted stock units that immediately vested into the same number of common shares on June 1, 2026.
On that date, Archos cancelled his more than five-year-old February 2021 employment agreement but remains Chair, Chief Executive Officer and President. His base salary was raised to $650,000, retroactive to January 1, 2026.
He also received annual long-term incentive awards with a grant date value of $568,750 in RSUs and $568,750 in cash, which vest in three equal installments over three years, subject to his continued employment.
Verano Holdings Corp. announced a 1-for-5 reverse stock split of its common stock, expected to become effective on or about June 11, 2026. Every five existing shares will be combined into one share, and stockholders entitled to fractional shares will receive a cash payment instead.
The total outstanding common shares will be reduced from 364,381,806 to 72,876,361, and authorized common shares will be reduced from 5,000,000,000 to 1,000,000,000. Verano states that the reverse split is intended to support a prospective listing on a major U.S. stock exchange, while leaving ownership percentages largely unchanged apart from minor effects from cashing out very small holdings.
Verano Holdings Corp. reported relatively flat results for the quarter ended March 31, 2026, with revenue of $208.2 million versus $209.8 million a year earlier and a stable gross margin of 47.5%. Retail contributed about two-thirds of sales, supported by new Florida stores and product launches, while wholesale faced competitive pressure.
The company posted a net loss of $17.8 million compared with a $11.5 million loss, mainly due to a $5.7 million loss on extinguishing its 2022 credit facility. It refinanced this with a new $195 million term loan maturing in 2029 and expanded its real-estate-backed revolver to $100 million. Cash from operations improved to $18.6 million, ending the quarter with $74.0 million in cash and total assets of $1.71 billion.
Verano continues to carry significant tax-related liabilities, reflected in an income tax expense of $11.6 million on a pre-tax loss, driven by Section 280E and uncertain tax positions. After quarter-end, a federal order rescheduled medical cannabis to Schedule III and opened a pathway away from 280E for state-licensed medical operations, and the board authorized a share repurchase program for up to 18.2 million shares or $20 million over 12 months.
Verano Holdings Corp. reported first quarter 2026 results and authorized up to $20 million in share repurchases, covering up to 18,219,090 shares, or 5% of its common stock. Revenue was $208 million, up 1% from the prior quarter and down 1% year-over-year, driven by strong retail performance but pressured by wholesale competition and promotions.
Gross profit was $99 million, a 48% margin, while selling, general and administrative expenses were $86 million, or 41% of revenue. The company posted a net loss of $18 million, or 9% of revenue, mainly due to costs tied to repaying its 2022 credit agreement. Adjusted EBITDA was $49 million, or 24% of revenue, and operating cash flow improved to $19 million. Verano ended March 31, 2026 with $74 million in cash, $395 million of total debt and $276 million of working capital, and reiterated 2026 capital expenditure guidance of $30–$50 million.