About Verano
Verano is a company based in Chicago (United States) founded in 1996 by George Archos was acquired by Harvest Health & Recreation in March 2019. 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 as of December 31, 2024. Verano has completed 12 acquisitions, including 3 Boys Farm, AltMed and CTPharma. Verano offers products and services including Verano Bits, Savvy, Encore Edibles, Avexia, and MÜV. Verano operates in a competitive market with competitors including AWH, Jushi Holdings, Tilray, Curaleaf and Glass House Brands, among others.
- Headquarter Chicago, United States
- Employees 3800 as on 31 Dec, 2024
- Founders George Archos
- Stage Public
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Sectors
Consumer
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Verano Holdings Corp. Class A
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Annual Revenue
$834.01 M (USD)-4.97as on Dec 31, 2024
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Net Profit
-$325.49 M (USD)-195.7as on Dec 31, 2024
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EBITDA
$229.79 M (USD)-16.93as on Dec 31, 2024
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Total Equity Funding
$120 M (USD)
in 3 rounds
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Latest Funding Round
$79.09 M (USD), Post-IPO
Mar 11, 2021
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Investors
Canaccord Genuity Group
& 4 more
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Employee Count
3800
as on Dec 31, 2024
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Investments & Acquisitions
3 Boys Farm
& 11 more
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Acquired by
Harvest Health & Recreation
(Mar 11, 2019)
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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.
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
People of Verano
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Finance and Accounting
22 people
Leadership Team
21 people
Software Development Team
17 people
Human Resources and Administration
15 people
Sales and Marketing
10 people
Legal and Compliance
9 people
Operations Team
8 people
General Team
6 people
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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.
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 |
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Investments in consumer brands are managed by Serruya Private Equity.
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Locked | Locked | Locked | |
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An independent global investment bank serving emerging and mid-market clients.
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Merger and acquisitions advisory firm
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Investor details for Verano
Investor domains, locations, round participation, and complete history require an active premium plan.
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Verified entity values are shown only after access is granted.
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.
Investment portfolio details for Verano
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Retailer of cannabis products
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Locked | Locked | 2021 | Locked | |
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An e-commerce platform for cannabis products is operated.
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Locked | Locked | 2019 | Locked | |
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Medical cannabis products are retailed in Meriden, United States.
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Locked | Locked | 2019 | Locked |
Complete acquisition details for Verano
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Verified entity values are shown only after access is granted.
Financial Statements - Verano
Detailed financials for Verano
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- Profit trends
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Verano Comparisons
Peer comparison for Verano
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Competitors of Verano
Verano operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as AWH, Jushi Holdings, Tilray, Curaleaf and Glass House Brands, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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| Locked | Locked | Locked |
Cannabis plants and products services are provided by AWH.
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| Locked | Locked | Locked |
Distributor of cannabis based products
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| Locked | Locked | Locked |
Online e-distributor offering cannabis products for medical purposes
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| Locked | Locked | Locked |
Cannabis products are retailed through dispensaries in the United States.
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| Locked | Locked | Locked |
Cannabis flowers, healthcare products, and related items are offered.
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Detailed competitors of Verano
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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- Full company profiles
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Latest news on Verano
Complete news archive for Verano
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
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- Older coverage
- Brand-specific news history
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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 current CEO of Verano. They have also founded this company.
Verano is a funded company, having raised a total of $120M across 3 funding rounds to date.
As of Dec 31, 2024, the latest employee count at Verano is 3,800.
Annual revenue of Verano is $834.01M as on Dec 31, 2024.
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 Tilray, AWH and Jushi Holdings.
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.
The ticker symbol of Verano is VRNO on NEO.