Welcome to our dedicated page for Verano Hldgs news (Ticker: VRNOF), a resource for investors and traders seeking the latest updates and insights on Verano Hldgs stock.
Verano Holdings Corp. (VRNOF) is a vertically integrated cannabis operator with cultivation, production, and retail facilities across regulated U.S. markets. This page aggregates official announcements, financial disclosures, and strategic developments for stakeholders tracking the company’s progress in the evolving cannabis sector.
Investors will find timely updates on quarterly earnings, regulatory compliance milestones, and expansion initiatives like recent entries into new state markets. All content is sourced directly from company filings and verified media partners to ensure accuracy.
The archive includes press releases covering product launches, partnership agreements, and operational updates. Analytical reports detail Verano’s market positioning through retail footprint growth and brand portfolio development.
Bookmark this page for streamlined access to VRNOF’s latest news. Check regularly for updates on legislative changes impacting operations and the company’s responses to industry trends.
Verano Holdings Corp (OTCQX: VRNOF) has announced the opening of its new MÜV dispensary in New Smyrna Beach, Florida, marking its 81st location in the state and 155th dispensary nationwide. The new store, located at 763 East 3rd Avenue, will open on April 18th, 2025, becoming the fourth MÜV location in Volusia County.
The dispensary will celebrate its opening during the 420 weekend with special promotions including up to 50% off storewide and daily doorbuster deals on popular cannabis brands. The new location complements existing MÜV stores in Orange City, Ormond Beach, and Port Orange, serving a region with over 600,000 residents.
Verano's operations now span 13 states, featuring 15 cultivation and processing facilities with more than 1.1 million square feet of cultivation capacity. The New Smyrna Beach location will offer the company's signature product lines including Verano Reserve, MÜV, Sweet Supply flower, Encore edibles, and various other cannabis products.
Verano Holdings Corp (OTCQX: VRNOF) has announced the promotion of Richard Tarapchak to Chief Financial Officer, effective April 11, 2025. Tarapchak, who joined Verano in July 2022, succeeds Brett Summerer following his mutually agreed upon resignation.
Tarapchak brings over 30 years of accounting and finance expertise to the role. As CFO, he will oversee all financial and accounting operations, strategic financial planning, and information technology. His previous positions at Verano included Executive Vice President, Finance and Corporate Controller, and Principal Accounting Officer.
Prior to Verano, Tarapchak held leadership positions at II-VI Incorporated, Reynolds Group Holdings , National Material L.P., and Navistar International He holds a business administration degree from Wittenberg University and an MBA from The Ohio State University.
Verano Holdings Corp. (OTCQX: VRNOF) has announced it will release its first quarter 2025 financial results on May 8, 2025, before market opening. The company will host a conference call and webcast with analysts and investors at 8:30 a.m. ET / 7:30 a.m. CT on the same day.
Verano operates across 13 U.S. states with 15 production facilities, maintaining over 1.1 million square feet of cultivation capacity. The company runs dispensaries under the Zen Leaf™ and MÜV™ banners, including their Cabbage Club™ membership program, and produces cannabis products under various brands including Verano™, Essence™, MÜV™, Savvy™, BITS™, Encore™, and Avexia™.
Verano Holdings Corp. (OTCQX: VRNOF) announced the opening of Zen Leaf Ashford, its sixth Connecticut location, on April 4th, 2025. The new dispensary, located at 55 Nott Hwy, is strategically positioned as the closest cannabis outlet to the University of Connecticut's main campus in Storrs.
The location will offer a special 20% 'Higher Education' discount for UConn students and celebrate Husky sports victories with special promotions. The grand opening weekend will feature deals, food trucks, DJs, giveaways, and an onsite job fair. The store will operate Monday-Saturday (9am-9pm) and Sunday (10am-6pm).
This expansion brings Verano's total operations to 154 dispensaries across 13 states, supported by 15 cultivation facilities with over 1.1 million square feet of cultivation capacity. The company is also demonstrating community engagement through support of local organizations including the Windham Covenant Soup Kitchen and Windham Area Interfaith Ministry.
Verano Holdings (OTCQX: VRNOF) has announced a major product expansion targeting the cannabis industry's fastest-growing categories. The company is launching several new products across key markets, including:
- Extra Savvy 2-gram vape cartridges with high potency oil
- Savvy Strut 2-gram all-in-one vapes with USB-C compatibility and NFC chip technology
- Savvy 100 Proof diamond-infused barrel-style pre-rolled joints
- (the) Essence J's barrel-style pre-rolled joints
The larger-format vape category grew over 400% in 2024. Extra Savvy White Widow became the top-selling vape in Illinois last month. The products will be available at Verano's Zen Leaf™ and MÜV™ locations, along with third-party dispensaries in select states including Illinois, New Jersey, Maryland, Arizona, with planned expansion to Pennsylvania, Florida, and Connecticut.
Verano Holdings reported its Q4 and full year 2024 financial results, showing mixed performance. Q4 revenue was $218 million, down 8% year-over-year but up 1% from Q3. Full-year 2024 revenue reached $879 million, a 6% decrease from 2023.
The company reported a significant net loss of $(273) million in Q4 and $(342) million for the full year, primarily due to fixed and intangible asset impairments. Despite challenges, Q4 showed $63 million in Adjusted EBITDA (29% of revenue) and $44 million in operating cash flow.
Operational highlights include entering the Virginia market, opening 17 new dispensaries across six markets, and launching new products. The company currently operates 153 dispensaries and 15 production facilities across 13 states, with over 1.1 million square feet of cultivation capacity.
Verano Holdings (OTCQX: VRNOF) announced the opening of MÜV North Miami Beach, marking its 80th location in Florida and 153rd dispensary nationwide. The new store, located at 16635 NE 19th Avenue, will serve Miami-Dade County's population of over 2.6 million residents.
The dispensary is strategically positioned west of Biscayne boulevard on 19th Avenue, a high-traffic area with 25,000 vehicles daily. It complements Verano's existing Miami-Dade locations in North Miami-Biscayne, Miami-Kendall, and Naranja.
To celebrate the opening, the dispensary will offer special promotions including 50% off from February 21-23, $8 eighths on Friday, and free swag bags while supplies last. The location will operate Monday-Saturday (9am-7pm) and Sunday (11am-5pm), offering Verano's product lines including Verano Reserve, MÜV, Sweet Supply flower, Encore edibles, and On the Rocks concentrates.
Verano Holdings (OTCQX: VRNOF) has announced it will release its fourth quarter and full year 2024 financial results on Thursday, February 27, 2025, before market opens. The multi-state cannabis company will host a conference call and webcast with analysts and investors at 8:30 a.m. ET / 7:30 a.m. CT on the same day to discuss results and answer questions.
Participants can register in advance for the call through the provided registration link. The live webcast will be accessible through the company's investor relations website, with an archived version available on the Events and Presentations page.
Verano Holdings announced the opening of Zen Leaf Mount Holly, its fourth dispensary in New Jersey and 153rd retail location nationwide. Located at 600 High Street, Mount Holly, the new dispensary will serve Burlington County's 400,000+ residents. The store will offer various opening deals, including buy-one-get-one offers and up to 30% discounts on select products. Verano's New Jersey presence includes other Zen Leaf dispensaries in Elizabeth, Lawrence Township, and Neptune Township, plus a 120,000 square foot cultivation facility in Branchburg. The company operates across 14 states with 153 dispensaries and 15 cultivation facilities, totaling over 1.1 million square feet of cultivation capacity.
Verano Holdings reported Q3 2024 financial results with revenues of $217 million, down 2.6% from the previous quarter and 9.7% year-over-year. The company posted a gross profit of $109 million (50% of revenue) and a net loss of $43 million. The decline in revenue was primarily attributed to decreased Florida retail sales due to temporary cultivation output shifts and expected declines in Illinois and New Jersey retail operations. Operating expenses increased due to higher headcount from new store openings. The company expanded its retail footprint with new MÜV and Zen Leaf locations, now operating 152 dispensaries across 14 states.
