Verano Holdings CORP

Market Movers (8-K)

Verano Holdings Corp. announced the results of its 2026 Annual Meeting of Stockholders, including director elections, executive compensation approval, and auditor ratification.
Verano Holdings Corp. has successfully completed a 1-for-5 reverse stock split, reducing its outstanding shares and authorized share count, as it aims for a U.S. stock exchange listing.
Verano Holdings Corp. has filed a Certificate of Change to implement a 1-for-5 reverse stock split, effective June 11, 2026, to reduce outstanding shares.
Verano Holdings Corp. announced a $2.5 million cash bonus and 2.5 million vested RSU grant for CEO George Archos alongside an employment agreement restructuring.
Verano Holdings Corp. announced a 1-for-5 reverse stock split, effective June 11, 2026, to facilitate a potential U.S. stock exchange listing.
Verano Holdings Corp. announced its first quarter 2026 financial results, reporting $208 million in revenue and authorizing a $20 million share repurchase program.

Quarterly Earnings (10-Q)

Verano Holdings Corp. reported a slight revenue decrease and an increased net loss for Q1 2026, primarily due to increased competition in wholesale markets and a significant debt extinguishment charge.
Worse than expected
Verano Holdings Corp. reported a net loss of $43.8 million for Q3 2025, with revenues decreasing 6% due to price compression and wholesale challenges.
Delay expected
Worse than expected
Capital raise
Verano Holdings Corp. reported a 9% decline in Q2 2025 revenue to $202.3 million, driven by accounts receivable strategy and price compression, despite new store openings and acquisitions.
Worse than expected
Capital raise
Verano Holdings Corp. reports a decrease in revenue for Q1 2025, primarily due to increased competition and promotional activities in key markets.
Worse than expected
Verano Holdings Corp. experienced a decrease in revenue and an increase in net loss for the third quarter of 2024, driven by market competition and expansion costs.
Worse than expected
Verano Holdings Corp. reported a net loss for the second quarter of 2024, with revenue declining slightly year-over-year due to increased competition in key markets.
Worse than expected

Annual Reports (10-K)

Verano Holdings Corp. has secured a new $195 million senior secured term loan and expanded its revolving credit facility to $100 million, refinancing its existing debt and providing capital for general corporate purposes.
Worse than expected
Delay expected
Verano Holdings Corp.'s 2024 annual report reveals strategic navigation through evolving cannabis markets, highlighting both challenges and growth opportunities.
Worse than expected
Delay expected
Verano Holdings Corp. has adopted a new Code of Business Conduct and Ethics, outlining principles for honest and ethical behavior for its directors, officers, employees, contractors, and agents.

Insider Trading (Form 4)

Verano Holdings Corp. Chief Marketing Officer David Spreckman acquired 150,000 shares via RSU vesting and withheld 43,950 shares for tax obligations.
Verano Holdings Corp. COO Edward Aloysious McDermott III acquired 300,000 shares via RSU vesting, with 86,250 shares withheld for taxes.
General Counsel Laura Marie Kalesnik acquired 250,000 shares of Verano Holdings via restricted stock unit settlement.
Verano Holdings Corp. CFO Richard Tarapchak acquired 300,000 shares via RSU vesting and withheld 87,900 shares for tax obligations.
Chief Strategy and Compliance Officer James Angelo Leventis acquired 200,000 shares via RSU vesting and withheld 58,600 for taxes.
Chief Investment Officer Aaron Nathaniel Miles acquired 200,000 shares of Verano Holdings Corp. via RSU vesting.

Proxy Statements (Def-14A)

Verano Holdings Corp. advises shareholders on potential delays in meeting material delivery due to a Canadian postal strike and urges online voting for its upcoming special meeting concerning a proposed corporate continuance.
Delay expected
Verano Holdings Corp. has filed a Definitive Proxy Statement with the SEC.
Verano Holdings Corp. seeks shareholder approval to reincorporate from British Columbia, Canada, to Nevada, U.S., aiming to streamline operations and enhance U.S. capital market access.
Capital raise
Delay expected
Verano Holdings Corp. announced a proposed plan to redomicile its parent company from British Columbia, Canada, to Nevada, USA, to better align with its U.S. business and streamline its structure.
Verano Holdings Corp. will hold its 2025 Annual General Meeting of Shareholders virtually on June 19, 2025, to discuss financial statements, elect directors, approve executive compensation, and re-appoint the auditor.
Verano Holdings Corp. will hold its 2025 annual general meeting of shareholders virtually on June 19, 2025, to discuss financial statements, elect directors, approve executive compensation, and re-appoint the auditor.
Worse than expected

Schedule 13D - Activist Investments

George Archos and affiliated entities reported the release of security interests on millions of Verano Holdings Corp. common shares after loan obligations were fully satisfied.
Better than expected
George Archos and related entities updated their beneficial ownership in Verano Holdings Corp., disclosing a share transfer for estate planning and a partial release of liens on collateralized shares.

Schedule 13G - Passive Investments

Eminence Capital, LP and Ricky C. Sandler have reported a beneficial ownership of 7.7% in Verano Holdings Corp.'s Class A Subordinate Voting Shares.
Eminence Capital, LP and Ricky C. Sandler have disclosed a 9.7% beneficial ownership stake in Verano Holdings Corp.'s Class A Subordinate Voting Shares.
Nomura Holdings Inc. and its subsidiary, Nomura Global Financial Products, Inc., have disclosed a passive 4.7% ownership stake in Verano Holdings Corp., totaling 16,634,670 Class A Subordinate Voting Shares.
Eminence Capital, LP and its Chief Executive Officer Ricky C. Sandler have substantially increased their beneficial ownership in Verano Holdings Corp., now holding 11.6% of Class A Subordinate Voting Shares as of December 31, 2024, up from 6.0% in late 2022.