VRNO
Verano Holdings Corp.
OTC Markets OTCQXUSDEQUITY
Healthcare
DELAYED
Sell
-52/100
Last price
5.29
▲ 0.04 (0.76%)
MARKET · —
Price
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Session levels
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Tool
1D
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Range —
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vs
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Open
—
Prev close
5.25
Day high
5.56
Day low
5.26
Volume
47.51K
Market cap
$387.32M
P/E (TTM)
—
52W range
3.91 – 9.75
Trailing performance
Returnvs SPY
1W
-11.82%
-13.8%
1M
-13.70%
-14.9%
3M
-10.64%
-15.2%
6M
-5.54%
-23.7%
YTD
-16.03%
-30.3%
1Y
-28.51%
-44.9%
3Y
-76.75%
-159.0%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on VRNO open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
7.13M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Dec 2, 25 | Kalesnik (Laura Marie) Senior Officer of Issuer |
SELL | 5.85K | $5.56K | Direct |
| Dec 2, 25 | McDermott (Edward Aloysious III) Senior Officer of Issuer |
SELL | 3.45K | $3.28K | Direct |
| Dec 2, 25 | Miles (Aaron Nathaniel) Senior Officer of Issuer |
SELL | 5.02K | $4.77K | Direct |
| Dec 2, 25 | Spreckman (David) Senior Officer of Issuer |
SELL | 4.90K | $4.66K | Direct |
| Dec 1, 25 | Archos (George Peter) Director of Issuer |
— | 132.64K | — | Direct |
| Dec 1, 25 | Archos (George Peter) Director of Issuer |
OTHER | 32.30K | $29.39K | Direct |
| Dec 1, 25 | Heine (Josh) Senior Officer of Issuer |
— | 1.82K | — | Direct |
| Dec 1, 25 | Heine (Josh) Senior Officer of Issuer |
OTHER | 533 | $485 | Direct |
| Dec 1, 25 | Hirsh (Lawrence Randall) Director of Issuer |
— | 25.26K | — | Direct |
| Dec 1, 25 | Kalesnik (Laura Marie) Senior Officer of Issuer |
— | 104.57K | — | Direct |
| Dec 1, 25 | Kalesnik (Laura Marie) Senior Officer of Issuer |
OTHER | 25.46K | $23.17K | Direct |
| Dec 1, 25 | Leventis (James Angelo) Senior Officer of Issuer |
— | 36.07K | — | Direct |
| Dec 1, 25 | Leventis (James Angelo) Senior Officer of Issuer |
OTHER | 10.57K | $9.62K | Direct |
| Dec 1, 25 | McDermott (Edward Aloysious III) Senior Officer of Issuer |
— | 96.83K | — | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
Archos (George Peter) |
Director of Issuer | 14.71M | Exercise of rights |
Hirsh (Lawrence Randall) |
Director of Issuer | 163.65K | Exercise of rights |
Kalesnik (Laura Marie) |
Senior Officer of Issuer | 351.39K | Acquisition or disposition in the public market |
Leventis (James Angelo) |
Senior Officer of Issuer | 165.79K | Exercise of rights |
McDermott (Edward Aloysious III) |
Senior Officer of Issuer | 270.16K | Acquisition or disposition in the public market |
Miles (Aaron Nathaniel) |
Senior Officer of Issuer | 329.32K | Acquisition or disposition in the public market |
Spreckman (David) |
Senior Officer of Issuer | 235.49K | Acquisition or disposition in the public market |
Tarapchak Richard Charles |
Senior Officer of Issuer | 255.80K | Exercise of rights |
Thompson (Destiny Lynn) |
Senior Officer of Issuer | 289.91K | Exercise of rights |
Tipton (John Allen) |
Director of Issuer | 3.50M | Exercise of rights |
Fundamentals
Market cap$387.32M
Enterprise value$793.99M
Revenue (TTM)$835.52M
Gross profit$399.61M
EBITDA$174.33M
Net income$-258.48M
EPS (TTM)$-3.53
Free cash flow$41.05M
Total cash$85.19M
Total debt$493.68M
Book value / share$9.24
Shares outstanding73.22M
Float65.68M
Short % of float—
Dividend yield0.00%
Beta (5Y)1.48
Valuation & profitability ratios
Trailing P/E—
Forward P/E9.92
PEG ratio—
Price / sales—
Price / book0.57
EV / revenue0.95
EV / EBITDA4.55
Gross margin47.83%
Operating margin3.31%
Profit margin-30.94%
Return on equity-32.31%
Return on assets1.88%
Debt / equity73.17
Current ratio3.70
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $821.50M | $878.59M | $938.45M | $879.41M | — | -6.5% |
| Operating revenue | $821.50M | $878.59M | $938.45M | $879.41M | — | -6.5% |
| Cost of revenue | $408.01M | $434.65M | $463.25M | $456.35M | — | -6.1% |
| Gross profit | $413.50M | $443.93M | $475.21M | $423.06M | — | -6.9% |
| Selling, general & admin | $337.32M | $353.41M | $331.93M | $356.57M | — | -4.6% |
| Total operating expense | $337.32M | $353.41M | $331.93M | $356.57M | — | -4.6% |
| Operating income | $76.17M | $90.52M | $143.28M | $66.49M | — | -15.9% |
| Net interest income | -$53.59M | -$54.76M | -$59.79M | -$49.43M | — | +2.1% |
| Pre-tax income | -$166.23M | -$299.92M | $27.80M | -$163.40M | — | +44.6% |
| Tax provision | $91.68M | $41.94M | $145.15M | $105.47M | — | +118.6% |
| Net income | -$257.91M | -$341.86M | -$117.35M | -$269.16M | — | +24.6% |
| Net income to common | -$257.91M | -$341.86M | -$117.35M | -$269.16M | — | +24.6% |
| Basic EPS | -3.55 | — | -1.70 | — | -0.99 | — |
| Diluted EPS | -3.55 | — | -1.70 | — | -0.99 | — |
| EBIT | -$112.64M | -$245.16M | $87.59M | -$113.97M | — | +54.1% |
| EBITDA | -$112.64M | -$94.29M | $239.22M | $36.35M | — | -19.5% |
| Basic shares | 72.65M | — | 68.55M | — | — | — |
| Diluted shares | 72.65M | — | 68.55M | — | — | — |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $82.72M | $87.80M | $174.76M | $84.85M | -5.8% |
| Cash & short-term investments | $82.72M | $87.80M | $174.76M | $84.85M | -5.8% |
| Accounts receivable | $30.93M | $40.26M | $38.98M | $16.58M | -23.2% |
| Inventory | $229.97M | $184.46M | $140.69M | $164.53M | +24.7% |
| Total current assets | $404.65M | $362.65M | $394.20M | $318.27M | +11.6% |
| Property, plant & equipment | $586.28M | $637.88M | $594.76M | $608.18M | -8.1% |
| Goodwill & intangibles | $740.10M | $980.24M | $1.32B | $1.45B | -24.5% |
| Total assets | $1.74B | $1.99B | $2.32B | $2.40B | -12.7% |
| Total current liabilities | $140.26M | $203.11M | $412.19M | $386.64M | -30.9% |
| Current debt | $7.85M | $18.15M | $52.01M | $24.46M | -56.7% |
| Long-term debt | $391.88M | $395.70M | $393.64M | $388.54M | -1.0% |
| Total debt | $502.80M | $522.98M | $542.79M | $498.75M | -3.9% |
| Total liabilities | $1.04B | $1.04B | $1.08B | $1.05B | -0.4% |
| Retained earnings | -$1.04B | -$783.61M | -$441.75M | -$324.40M | -32.9% |
| Shareholder equity | $704.16M | $952.17M | $1.24B | $1.34B | -26.0% |
| Working capital | $264.39M | $159.54M | -$17.99M | -$68.37M | +65.7% |
| Net tangible assets | -$35.94M | -$28.06M | -$77.36M | -$108.30M | -28.1% |
| Shares issued | 72.65M | 71.75M | 68.81M | 65.45M | +1.3% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$257.91M | -$341.86M | -$117.35M | -$268.87M | — | +24.6% |
| Depreciation & amortisation | $136.15M | $150.86M | $151.63M | $150.32M | — | -9.8% |
| Stock-based compensation | $11.51M | $16.95M | $13.23M | $39.05M | — | -32.1% |
| Change in working capital | -$34.19M | -$61.29M | -$194.00K | -$38.96M | — | +44.2% |
| Operating cash flow | $52.85M | $112.19M | $109.71M | $94.35M | — | -52.9% |
| Capital expenditure | -$41.23M | -$99.05M | -$36.33M | -$119.17M | — | +58.4% |
| Investing cash flow | -$32.60M | -$133.25M | -$34.15M | -$207.85M | — | +75.5% |
| Dividends paid | — | — | — | $0 | $0 | — |
| Financing cash flow | -$25.32M | -$65.93M | $14.35M | $99.25M | — | +61.6% |
| Free cash flow | $11.63M | $13.15M | $73.38M | -$24.83M | — | -11.5% |
| End cash position | $82.72M | $87.80M | $174.76M | $84.85M | — | -5.8% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $217.92M | $208.18M | $206.61M | $202.27M | $209.81M | +4.7% |
| Operating revenue | $217.92M | $208.18M | $206.61M | $202.27M | $209.81M | +4.7% |
| Cost of revenue | $118.22M | $109.20M | $100.92M | $89.29M | $110.23M | +8.3% |
| Gross profit | $99.70M | $98.98M | $105.69M | $112.98M | $99.58M | +0.7% |
| Selling, general & admin | $87.53M | $81.03M | $100.79M | $81.41M | $79.46M | +8.0% |
| Total operating expense | $92.49M | $85.88M | $85.84M | $86.34M | $84.58M | +7.7% |
| Operating income | $7.21M | $13.10M | $19.86M | $26.64M | $15.00M | -45.0% |
| Net interest income | -$11.26M | -$12.31M | -$12.61M | -$14.21M | -$13.56M | +8.6% |
| Pre-tax income | -$10.49M | -$6.20M | -$172.68M | $16.00M | $5.83M | -69.1% |
| Tax provision | $2.92M | $11.62M | $10.74M | $35.15M | $17.35M | -74.8% |
| Net income | -$13.41M | -$17.82M | -$183.41M | -$19.15M | -$11.52M | +24.8% |
| Net income to common | -$13.41M | -$17.82M | -$183.41M | -$19.15M | -$11.52M | +24.8% |
| Basic EPS | — | — | — | -0.27 | — | — |
| Diluted EPS | — | — | — | -0.27 | — | — |
| EBIT | $772.00K | $6.11M | -$160.07M | $30.21M | $19.40M | -87.4% |
| EBITDA | $33.29M | $38.31M | -$160.07M | $64.70M | $54.15M | -13.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $85.19M | $74.03M | $82.72M | — | $68.57M | $84.22M | +15.1% |
| Cash & short-term investments | $85.19M | $74.03M | $82.72M | — | $68.57M | $84.22M | +15.1% |
| Accounts receivable | $28.79M | $32.14M | $30.93M | — | $30.76M | $40.02M | -10.4% |
| Inventory | $222.20M | $235.57M | $229.97M | — | $214.34M | $192.26M | -5.7% |
| Total current assets | $404.28M | $394.52M | $404.65M | — | $371.36M | $361.14M | +2.5% |
| Property, plant & equipment | $574.50M | $578.23M | $586.28M | — | $608.24M | $629.68M | -0.6% |
| Goodwill & intangibles | $711.13M | $725.58M | $740.10M | — | $948.12M | $964.86M | -2.0% |
| Total assets | $1.70B | $1.71B | $1.74B | — | $1.94B | $1.97B | -0.5% |
| Total current liabilities | $109.37M | $118.91M | $140.26M | — | $147.83M | $167.64M | -8.0% |
| Current debt | $10.55M | $10.70M | $7.85M | — | $3.44M | $16.80M | -1.4% |
| Long-term debt | $382.06M | $384.25M | $391.88M | — | $399.82M | $403.83M | -0.6% |
| Total debt | $493.68M | $496.35M | $502.80M | — | $508.96M | $528.71M | -0.5% |
| Total liabilities | $1.02B | $1.02B | $1.04B | — | $1.02B | $1.03B | +0.3% |
| Retained earnings | -$1.07B | -$1.06B | -$1.04B | — | -$814.27M | -$795.12M | -1.3% |
| Shareholder equity | $676.53M | $688.35M | $704.16M | — | $927.23M | $943.38M | -1.7% |
| Working capital | $294.92M | $275.61M | $264.39M | — | $223.52M | $193.50M | +7.0% |
| Net tangible assets | -$34.60M | -$37.24M | -$35.94M | — | -$20.88M | -$21.48M | +7.1% |
| Shares issued | 73.22M | 72.87M | 72.65M | 72.36M | 72.36M | — | +0.5% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$13.41M | -$17.82M | -$183.41M | -$19.15M | -$11.52M | +24.8% |
| Depreciation & amortisation | $32.52M | $32.20M | $32.34M | $34.50M | $34.76M | +1.0% |
| Stock-based compensation | $5.70M | $2.21M | $2.34M | $3.34M | $3.30M | +157.8% |
| Change in working capital | -$1.04M | -$7.32M | -$16.43M | -$8.35M | -$24.70M | +85.8% |
| Operating cash flow | $30.62M | $18.59M | $13.81M | $10.90M | $1.79M | +64.8% |
| Capital expenditure | -$11.87M | -$14.94M | -$9.43M | -$10.47M | -$13.86M | +20.5% |
| Investing cash flow | -$11.85M | -$14.91M | -$9.97M | -$10.41M | -$4.77M | +20.5% |
| Financing cash flow | -$7.61M | -$12.38M | -$3.74M | -$16.14M | -$591.00K | +38.5% |
| Free cash flow | $18.75M | $3.65M | $4.38M | $431.00K | -$12.08M | +413.8% |
| End cash position | $85.19M | $74.03M | $82.72M | $68.57M | $84.22M | +15.1% |
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | -0.30 | 0.03 | +108.8% |
| Mar 2026 | -0.30 | -0.01 | +97.3% |
| Dec 2025 | -0.22 | 0.01 | +103.5% |
| Sep 2025 | -0.22 | -0.30 | -39.3% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | -0.22 | 1 | $216.07M | +6.5% |
| Next quarter | -0.12 | 1 | $218.91M | +5.9% |
| Current year | 0.27 | 2 | $861.59M | +4.9% |
| Next year | -0.24 | 5 | $915.97M | +6.3% |
Analyst targets & ownership
Mean target$25.00
High target$25.00
Low target$25.00
Implied upside372.59%
Analyst count2
ConsensusNONE
Strong buy / Buy1 / 6
Hold0
Sell / Strong sell0 / 0
Held by insiders9.74%
Held by institutions0.32%
Institutions holding7
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
5.67
-6.67% from price
SMA 20
5.84
-9.38% from price
SMA 50
5.80
-8.77% from price
SMA 100
5.78
-8.49% from price
SMA 200
5.92
-10.57% from price
EMA 12
5.61
-5.73% from price
EMA 26
5.77
-8.28% from price
EMA 50
5.81
-8.97% from price
RSI (14)
33.7
Neutral
MACD (12,26,9)
-0.16
Hist -0.10
ATR (14)
0.23
4.35% of price
Realised vol 30D
45.7%
Annualised
Bollinger upper
6.49
20, 2σ
Bollinger lower
5.19
20, 2σ
50 / 200 cross
Death
5.80 vs 5.92
Trend bias
Below 200
-10.57%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.98
Less volatile than market
Correlation to SPY
0.10
Largely independent
Realised vol 30D
45.7%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-52.1%
Peak to trough
Max drawdown 5Y
-96.6%
Peak to trough
ATR 14
0.23
4.35% of price
Beta (reported)
1.48
5Y monthly, from filing
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split1:5
Split dateJun 11, 2026
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-08-05
Offering Registrations
S-8 · 2026-07-09
Offering Registrations
S-3 · 2026-07-08
Corporate Changes & Voting Matters
8-K · 2026-06-23
Corporate Changes & Voting Matters
8-K · 2026-06-11
Corporate Changes & Voting Matters
8-K · 2026-06-08
Corporate Changes & Voting Matters
8-K · 2026-06-02
Proxy Statements
DEFA14A · 2026-06-01
Headlines
Verano to Report Third Quarter 2026 Financial Results on October 29, 2026
GlobeNewswire · 14d ago
Verano Announces Upcoming Conference Participation
GlobeNewswire · 35d ago
Cannabis Stock VRNO Rises 10% in a Month: Time to Buy, Hold or Sell?
Zacks · 42d ago
Verano Enters Cannabis Beverage Category with Debut of Easy Landings, Company’s First National Beverage Brand Featuring Four Delicious Flavors and All-Natural Ingredients
GlobeNewswire · 48d ago
Verano Announces Upcoming Conference Participation
GlobeNewswire · 62d ago
Verano Announces Strong Second Quarter 2026 Financial Results Highlighted by $218 Million in Revenue
GlobeNewswire · 63d ago
Verano Hosting Grand Opening Celebration of MÜV Bradfordville on Friday, July 17th, Elevating the Company’s Retail Footprint to 86 Florida Dispensaries and 163 Locations Nationwide
GlobeNewswire · 85d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
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