For Q1 FY2026 (ended March 31, 2026), Verano Holdings reported revenue of $208.2 million, a decrease of 0.8% year-over-year. Net loss was $17.8 million, compared to a net loss of $11.5 million in the prior year quarter. Operating income was $13.1 million, down 12.7% from $15.0 million a year ago. Diluted EPS was -$0.05, versus -$0.03 in Q1 2025.
•Revenue of $208.2M, down 0.8% YoY.
•Net loss of $17.8M, widened from $11.5M loss in Q1 2025.
•Operating income of $13.1M, down 12.7% YoY.
•Diluted EPS of -$0.05, compared to -$0.03 in prior year.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Verano provides the cannabis business in the United States. It is involved in the cultivation, processing, wholesale, and retail distribution of cannabis. It also designs, builds, and operates cannabis dispensaries.
It sells its products under the Encore, Avexia, MÜV, Savvy, Essence, BITS, HYPHEN, Swift Lifts, Verano, and Zen Leaf brand names to medical and adult use markets. The company is headquartered in Chicago, Illinois.
Verano Holdings Corp. is a cannabis company based in the United States. It is involved in the cultivation, processing, wholesale, and retail distribution of cannabis. The company also designs, builds, and operates cannabis dispensaries. Verano sells its products under several brand names, including Encore, Avexia, MÜV, Savvy, Essence, BITS, HYPHEN, Swift Lifts, Verano, and Zen Leaf. These products are marketed to both medical and adult-use cannabis markets. The company's operations span the entire cannabis supply chain, from growing the plant to selling finished products directly to consumers through its dispensaries.
Where is Verano Holdings Corp. (VRNO) listed and what currency is used?
Verano Holdings Corp. is traded on the OTC Markets OTCQX exchange under the ticker symbol VRNO. The company's financials are reported in US Dollars (USD). The OTCQX is a premium tier of the over-the-counter markets, which provides a trading platform for companies that meet high financial standards and disclosure requirements. This listing allows investors in the United States and internationally to trade shares of Verano Holdings Corp. The use of USD is standard for companies headquartered and operating primarily in the United States.
What sector and industry does Verano Holdings Corp. (VRNO) belong to?
Verano Holdings Corp. operates in the Healthcare sector, specifically within the Drug Manufacturers - Specialty & Generic industry. This classification reflects the company's focus on producing and distributing cannabis, which is considered a specialty pharmaceutical product. As a drug manufacturer, Verano is involved in the cultivation, processing, and formulation of cannabis-based products. The 'Specialty & Generic' sub-industry indicates that the company produces both branded and generic-type cannabis products, catering to various patient and consumer needs. This industry categorization aligns with Verano's operations in both medical and adult-use cannabis markets.
Where is Verano Holdings Corp. (VRNO) headquartered and what markets does it serve?
Verano Holdings Corp. is headquartered in Chicago, Illinois, United States. The company serves both medical and adult-use cannabis markets across the United States. Through its cultivation, processing, and retail operations, Verano distributes its products in states where cannabis is legal for medical or recreational use. The company's brand portfolio, including names like MÜV, Zen Leaf, and Encore, is available in multiple states. Verano's dispensaries, which it designs, builds, and operates, provide direct access to consumers. The company's focus on the U.S. market allows it to navigate the complex regulatory landscape of state-level cannabis legalization.
What are the main brands and products of Verano Holdings Corp. (VRNO)?
Verano Holdings Corp. sells its cannabis products under a diverse range of brand names, including Encore, Avexia, MÜV, Savvy, Essence, BITS, HYPHEN, Swift Lifts, Verano, and Zen Leaf. These brands cover various product categories such as flower, edibles, concentrates, topicals, and vape products. The company's product line is designed to appeal to both medical patients and adult-use consumers. Verano's brands are available through its own dispensaries as well as third-party retailers. The company's focus on brand differentiation allows it to target different segments of the cannabis market, from premium products to more affordable options.