About Verano
Verano is a publicly listed company based in Chicago (United States) founded in 1996 by George Archos, and was acquired by Harvest Health & Recreation in March 2019. Cannabis products for health and wellbeing are developed and provided. Verano has raised $120 million across 3 funding rounds from investors including Canaccord Genuity Group, Scythian Biosciences and Beacon Securities. The company has 3,800 employees. Verano has completed 12 acquisitions, including 3 Boys Farm, AltMed and CTPharma. Its chief executive, as recorded, is George Archos. Its website verano.com draws about 55 thousand monthly visits. Verano offers products and services including Verano Bits, Savvy, Encore Edibles, Avexia, and MÜV. Its focus areas include Retail, Cannabis Brands and Retailers, Brands and Diversified. Its competitors include AWH, Jushi Holdings and Curaleaf; 2 of its 3 listed competitors have raised funding.
Company details
Verano was founded in 1996 in Chicago, United States, within the cannabis sector. Products for medical and adult use are developed, encompassing pre-rolls, vapes, and concentrates under the Verano brand; balms and lotions under Alexia; gummies, candies, mints, and chocolates under Encore; and natural medications under MUV. Cultivation and manufacturing facilities are operated to support these activities.
- Headquarters Chicago, United States
- Employees 3,800
- Founders George Archos
- Stage Public
- SectorsConsumer
- Website category Finance · Investing
- Email••••••••
- Website verano.com
- Social LinkedIn X Facebook Instagram
- Acquired by Harvest Health & Recreation (Mar 2019)
- Legal Name Verano Holdings Corp. Class A
- Annual Revenue$839.91 M (USD)-4.63as on Dec 31, 2025
- Net Profit-$263.2 M (USD)23.05as on Dec 31, 2025
- EBITDA$216.68 M (USD)-10.29as on Dec 31, 2025
- Total Equity Funding$120M (USD)
in 3 rounds
- Latest Funding Round$79.09M (USD), Post-IPO
Mar 2021
- InvestorsCanaccord Genuity Group
& 4 more
- Employee Count3,800
- Investments & Acquisitions3 Boys Farm
& 11 more
- Acquired byHarvest Health & Recreation
(Mar 2019)
Products & Services of Verano
Verano offers a comprehensive portfolio of products and services, including Verano Bits, Savvy, Encore Edibles, Avexia, and MÜV.
Adaptogen-boosted cannabis edibles for everyday enhancement
High-quality cannabis flower and mindset-driven vapes
Cannabis gummies and candies for indulgent experiences
THC and CBD products for self-care and healing
Science-backed cannabis items like topicals and inhalers
Funding Insights of Verano
Verano has successfully raised a total of $120M across 3 strategic funding rounds. The most recent funding activity was a Post-IPO round of $79.09 million completed in March 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $120M
- Total Rounds 3
- Last Round Post-IPO — $79.09M
- First Round $120M
(Oct 2018)
- Investors Count 4
All 3 funding rounds of Verano with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2021 | $79.09M | Post-IPO | – | – | |
| Jul 2020 | $30M | Debt – Conventional | – | – | – |
| Oct 2018 | $120M | Series C | – | Serruya Private Equity, Scythian Biosciences | – |
5 investors in total: 5 institutional.
Investors in Verano
Verano has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Canaccord Genuity Group, Scythian Biosciences and Beacon Securities.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in consumer brands are managed by Serruya Private Equity. | serruyaprivateequity.com | Markham, Canada | ||
An independent global investment bank serving emerging and mid-market clients. | beaconsecurities.ca | |||
Merger and acquisitions advisory firm | 1950 | canaccordgenuity.com | Toronto, Canada | |
Herbal medicine of kratom is explored through a dedicated blog. | 2005 | scythianbio.com | Toronto, Canada | |
| harvestinc.com |
Investor details for Verano
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- Round participation
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People of Verano
142 people are tracked at Verano (73 in leadership, 69 in team); the tracked headcount is 3,800.
| Name | Role | Group |
|---|---|---|
George Archos | Founder & CEO | Leadership |
Tina Marrero | Director, People Business Partner- Central Region | Leadership |
Joseph Derosa | Director, Finance - SEC Reporting | Leadership |
Geoff Mikelsons | Vice President, Finance | Leadership |
Emily Ozbolt | Director, People Business Partner | Leadership |
Dave McGloin | Director Of Payroll | Leadership |
Tyron L. Taylor | General Manager | Leadership |
Bryan Benavides | Vice President Retail Marketing | Leadership |
Rebekah Noble | Director Of People Operations, West Region | Leadership |
Anna Claire Armstrong | People Business Partner | Leadership |
Allen Wilson | Regional Sales Director | Leadership |
Umid Jona Khasanov | Director, Finance - Business Operations | Leadership |
Josh Heine | VP Finance, Corporate Controller | Leadership |
Steve Mazeika | Vice President Of Communications | Leadership |
Jae G. | Vice President, Marketing Technology | Leadership |
Amanda Ferrer | Director, Learning And Organizational Development | Leadership |
Kevin Jednachowski | Financial Director | Leadership |
Kaylee Deadmond | Senior Vice President, National Operations | Leadership |
Lauren Guttormsen | Director, Marketing - Membership | Leadership |
Bojan B. | Vp, People Operations | Leadership |
122 more people are available in the full profile.
Complete people profiles for Verano
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IPO & Listings of Verano
Verano is a publicly listed company on the NEO with ticker symbol VRNO in Canada, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date17 Feb 2021
- Listed onCSE: VRNO
- Listed entityVerano Holdings Corp. Class A
- Exchange sectorProcess industries
- ISINUS92339H2004
- Share price7.39 CAD (-0.54% on the day) · 2026-10-13
- Market capitalisation2,170,082,628.00 CAD
- EPS (diluted, trailing year)-4.95 CAD
- Volume (last session)93,898
Financials of Verano
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 1.15B CAD | -360.4M CAD | 296.7M CAD |
| 2024 | 1.20B CAD | -468.3M CAD | 330.7M CAD |
| 2023 | 1.27B CAD | -158.4M CAD | 398.0M CAD |
| 2022 | 1.14B CAD | -350.4M CAD | 282.3M CAD |
| 2021 | 925.1M CAD | -72.1M CAD | 196.0M CAD |
Detailed financial statements for Verano
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Investments & Acquisitions by Verano
Verano has strategically engaged in corporate development activities, having acquired 12 companies. Notable acquisitions include 3 Boys Farm, AltMed and CTPharma.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Retailer of cannabis extracts, edibles, vapes, flowers, and more | swcarizona.com | Prescott, United States | 2014 | Jul 2024 | •••• | |
Retailer of cannabis products | goodnessgrowth.com | Minneapolis, United States | 2021 | Feb 2022 | $413M | |
Medical cannabis products are retailed in Meriden, United States. | willowbrookwellness.com | Meriden, United States | 2019 | Nov 2021 | •••• | |
Distributor of pharmaceutical products | caringnaturedispensary.com | Waterbury, United States | 2016 | Nov 2021 | •••• | |
Medical cannabis products are manufactured for therapeutic use. | ctpharma.com | Rocky Hill, United States | 2013 | Nov 2021 | •••• | |
Retailer of diversified cannabis products | sierrawell.com | Reno, United States | 2014 | Jul 2021 | $29M | |
An e-commerce platform for cannabis products is operated. | madriverremedies.com | Cincinnati, United States | 2019 | Apr 2021 | •••• | |
Chain of cannabis clinics | thehealingcenterusa.com | Monroeville, United States | 2010 | Mar 2021 | $110.3M | |
Marijuana products are distributed by Local Joint in Phoenix. | localjointaz.com | Phoenix, United States | 2018 | Mar 2021 | $13.5M | |
Medical cannabis products and treatment services are provided. | altmed.co | Sarasota, United States | 2014 | Nov 2020 | •••• |
Complete acquisition details for Verano
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Timeline of Verano
15 dated milestones of Verano across 28 years, from founding to its latest funding, stage changes and deals.
- Founded Verano is founded.
- Funding First funding round of $120.0M.
- Exit Acquired by Harvest Health & Recreation.
- Acquisition Acquires AltMed.
- IPO Lists on the stock exchange (IPO).
- Funding Latest funding round, Post-IPO, of $79.1M.
- Acquisition Acquires Local Joint.
- Acquisition Acquires The Healing Center.
- Acquisition Acquires Mad River Remedies.
- Acquisition Acquires Sierra Well.
- Acquisition Acquires CTPharma.
- Acquisition Acquires Caring Nature.
- Acquisition Acquires Willow Brook Wellness.
- Acquisition Acquires Goodness Growth Holdings.
- Acquisition Acquires SWC Arizona.
Competitors of Verano
Verano has 3 listed competitors in our database, 2 of them funded. They include AWH, Jushi Holdings and Curaleaf.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| awholdings.com | 2014 | Cambridge, United States | $134.83M | 3,307 | Cannabis plants and products services are provided by AWH. | |
| jushico.com | 2018 | Boca Raton, United States | $68.2M | 1,486 | Distributor of cannabis based products | |
| curaleaf.com | 2010 | Wakefield, United States | 49 | Cannabis products are retailed through dispensaries in the United States. |
Detailed competitors of Verano
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Web traffic of Verano
The website of Verano (verano.com) receives about 55.4K visits a month and ranks #659,550 among all websites worldwide, #6,470 in Investing.
- Monthly visits55.4K
▲ 14.9% vs previous month
- Unique visitors23.8K
per month
- Global rank#659,550
among all websites
- Category rank#6,470
Finance · Investing
- Bounce rate54%
- Pages per visit2.2
- Average visit1 min 12 sec
- DevicesDesktop 37% · Mobile 63%
Websites whose visitors overlap most with Verano. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
planet13lasvegas.com | planet13lasvegas.com | 100% | #3,154,438 | – | |
| linkedin.com | 51% | 1.9B | #18 | View details | |
| youtube.com | 48% | 30.4B | #2 | View details |
Top companies in Cannabis Industry & Retail
3 companies that operate in the same segment as Verano (Cannabis Industry & Retail) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Comprehensive management and consulting services for marijuana operations are provided. | 2010 | Culver City, California, United States | USD 202.64 M | USD 140.81 M | ||
Cannabis-related health and wellbeing products are provided nationally. | 2002 | Chicago, Illinois, United States | USD 824.73 M | 4,600 | ||
Cannabis plants and products services are provided by AWH. | 2014 | Cambridge, Massachusetts, United States | USD 134.83 M | USD 500.58 M | 2,300 |
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Frequently Asked Questions about Verano
Verano was founded in 1996 and raised its 1st funding round 22 years after it was founded.
Verano is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
George Archos is the CEO of Verano, as recorded in our data. They have also founded this company.
Verano is a funded company, having raised a total of $120M across 3 funding rounds to date. The company's 1st funding round was a Series C of $120M, raised on Oct 2018.
Verano has 3,800 employees.
Annual revenue of Verano is $839.91M as on Dec 31, 2025.
Verano was founded in 1996 in Chicago, United States, within the cannabis sector. Products for medical and adult use are developed, encompassing pre-rolls, vapes, and concentrates under the Verano brand; balms and lotions under Alexia; gummies, candies, mints, and chocolates under Encore; and natural medications under MUV. Cultivation and manufacturing facilities are operated to support these activities.
Verano's top competitors include AWH, Jushi Holdings and Curaleaf.
Verano offers Verano Bits, Savvy, Encore Edibles, Avexia, and MÜV.
Yes, Verano is publicly traded on NEO under the ticker symbol VRNO.
Verano has made 12 acquisitions, including 3 Boys Farm, AltMed, and CTPharma.
Verano has 5 investors. Key investors include Canaccord Genuity Group, Scythian Biosciences, Beacon Securities, Serruya Private Equity, and Harvest Health & Recreation.