Verano Holdings (VRNO) Stock Overview
Engages in the cannabis business in the United States. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 3/6 |
| Dividends | 0/6 |
VRNO Community Fair Values
Create NarrativeSee what 6 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Verano Holdings Corp. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$9.25 |
| 52 Week High | CA$13.30 |
| 52 Week Low | CA$3.25 |
| Beta | 1.39 |
| 1 Month Change | 12.80% |
| 3 Month Change | 9.47% |
| 1 Year Change | 168.12% |
| 3 Year Change | -54.77% |
| 5 Year Change | -90.52% |
| Change since IPO | -94.11% |
Recent News & Updates
Narrative Update • Jun 29
VRNO: Share Repurchase Plan Will Drive Future Upside Potential
Analysts have increased their fair value estimate for Verano Holdings from CA$4.21 to CA$24.73. They cite updated assumptions for discount rates, revenue growth, profit margins and a lower future P/E multiple as key drivers of the new price target range.
Narrative Update • Jun 15
VRNO: Federal Rescheduling And DEA Registrations Will Drive Future Repricing
Analysts have raised their CA$ fair value estimate for Verano Holdings from about CA$3.76 to roughly CA$18.78, citing updated assumptions for revenue growth, profit margins and future P/E levels as key drivers of the higher target. What's in the News Verano Holdings Corp.Narrative Update • Jun 01
VRNO: Federal Reform Timing Will Drive Repricing As DEA Registrations Advance
Analysts now center their CA$5.00 price target for Verano Holdings on mixed research updates that balance broadly in-line Q4 sales and EBITDA with continued uncertainty around the timing of U.S. federal reform. Analyst Commentary Recent Street commentary centers on a CA$5.00 price target, with mixed signals around risk and reward.Narrative Update • May 09
VRNO: Federal Reform Timing Will Drive Repricing As Buybacks Signal Confidence
Analysts now converge on a CA$5 price target for Verano Holdings, with one firm lifting its view from CA$4 and another trimming from CA$6. This reflects updated assumptions on growth, profitability and P/E multiples alongside ongoing uncertainty around the timing of federal reform.Recent updates
Narrative Update • Jun 29
VRNO: Share Repurchase Plan Will Drive Future Upside Potential
Analysts have increased their fair value estimate for Verano Holdings from CA$4.21 to CA$24.73. They cite updated assumptions for discount rates, revenue growth, profit margins and a lower future P/E multiple as key drivers of the new price target range.Narrative Update • Jun 15
VRNO: Federal Rescheduling And DEA Registrations Will Drive Future Repricing
Analysts have raised their CA$ fair value estimate for Verano Holdings from about CA$3.76 to roughly CA$18.78, citing updated assumptions for revenue growth, profit margins and future P/E levels as key drivers of the higher target. What's in the News Verano Holdings Corp.Narrative Update • Jun 01
VRNO: Federal Reform Timing Will Drive Repricing As DEA Registrations Advance
Analysts now center their CA$5.00 price target for Verano Holdings on mixed research updates that balance broadly in-line Q4 sales and EBITDA with continued uncertainty around the timing of U.S. federal reform. Analyst Commentary Recent Street commentary centers on a CA$5.00 price target, with mixed signals around risk and reward.Narrative Update • May 09
VRNO: Federal Reform Timing Will Drive Repricing As Buybacks Signal Confidence
Analysts now converge on a CA$5 price target for Verano Holdings, with one firm lifting its view from CA$4 and another trimming from CA$6. This reflects updated assumptions on growth, profitability and P/E multiples alongside ongoing uncertainty around the timing of federal reform.
Narrative Update • Apr 18
VRNO: Expanded Florida Footprint And Federal Reform Optionality Will Drive Future Upside
Analysts now converge on a CA$5.00 price target for Verano Holdings, reflecting updated views that are broadly in line with recent Q4 results, revised assumptions on growth, profitability and future P/E, and continued uncertainty around the timing of federal reform. Analyst Commentary Bullish analysts are converging on a CA$5.00 price target, framing it as a level that reflects recent Q4 results, updated growth and profitability assumptions, and caution around federal reform timing without assigning extreme upside or downside.Narrative Update • Apr 04
VRNO: Federal Reform Timing Will Drive Repricing As Operations Stay On Track
Analysts have adjusted Verano Holdings' CA$ price target to CA$5, reflecting updated assumptions around modest changes in fair value, discount rate, revenue growth, profit margin, and future P/E based on recent research that cites in-line Q4 results along with ongoing uncertainty around federal reform timing. Analyst Commentary Recent Street commentary around Verano Holdings centers on how updated price targets reflect a balance between in-line quarterly results and persistent uncertainty around federal reform timing.Narrative Update • Mar 21
VRNO: Federal Reform Timing Will Drive Repricing Of Undervalued Shares
Narrative Update on Verano Holdings Analysts now cluster around a CA$5 price target for Verano Holdings, a shift from prior targets closer to CA$4 and CA$6. This reflects updated expectations for revenue growth, profit margins and future P/E assumptions following recent quarterly results and ongoing uncertainty around the timing of federal reform.Narrative Update • Mar 06
VRNO: Expanding Dispensary Network Will Support Future Upside Potential
Analysts have trimmed their price target on Verano Holdings to CA$4.93 from CA$4.93, reflecting updated views on discount rates, revenue growth assumptions, profit margins and a higher future P/E multiple. What's in the News Opened MUV Deltona in Florida on January 30, bringing the Florida retail network to 83 MUV locations and 160 dispensaries across the United States, with promotional discounts of up to 50% at launch (company announcement).Narrative Update • Feb 20
VRNO: Expanding Retail Footprint And New License Will Drive Future Upside
Analysts have made a modest adjustment to their CA$ price target on Verano Holdings, reflecting updated assumptions about discount rates, revenue growth, profit margins and future P/E multiples. They are now presenting the stock’s outlook with a more refined view of its risk and earnings profile.Narrative Update • Feb 05
VRNO: Expanding Retail Footprint And New License Will Drive Future Upside
Analysts have trimmed their price target on Verano Holdings by about $0.07 as slight tweaks to fair value, discount rate, revenue growth, profit margin and forward P/E assumptions ripple through their models. What's in the News Opened MÜV Deltona in Florida on January 30, bringing the company’s Florida retail footprint to 83 MÜV locations and 160 dispensaries across the U.S., with promotional discounts of up to 50% at launch (Key Developments).Narrative Update • Jan 21
VRNO: Expanded US Footprint And New Licenses Will Support Future Upside
Analysts have lifted their price target on Verano Holdings slightly to about US$5.00, reflecting small tweaks to their fair value, revenue growth, profit margin, and future P/E assumptions. What's in the News Launched Swift Lifts as an independent pre roll brand with Short, Swift and Long Lifts, initially in Arizona, Illinois, Maryland, New Jersey and Nevada.Narrative Update • Jan 07
VRNO: New State Licenses And Dispensary Expansion Will Support Future Upside
Analysts have trimmed their fair value estimate for Verano Holdings from about US$5.03 to roughly US$4.96 per share, citing updated views on revenue growth, profit margins, and a lower future P/E assumption. What's in the News Opened Zen Leaf Charleston, the sixth dispensary in West Virginia and the 159th location across the U.S., adding to an existing footprint that includes a 40,000 square foot cultivation and processing facility in the state (Key Developments).Narrative Update • Dec 14
VRNO: Expanded Licenses And Retail Footprint Will Drive Stronger Market Position
Analysts have reduced their average price target on Verano Holdings from approximately 184.62 to about 56.93 per share. This reflects updated expectations for stronger revenue growth and improving profit margins, but at a more conservative future earnings multiple.Narrative Update • Sep 03
Cannabis Legalization In Key States Will Expand Retail Footprint
Verano Holdings’ consensus price target was revised downward, primarily reflecting a sharp increase in its future P/E multiple and stagnant discount rate, resulting in a lower fair value estimate of CA$4.21. What's in the News Verano Holdings launched a new bodega-style dispensary format at its Zen Leaf Phoenix-Cave Creek location in Arizona, aiming to modernize and enhance the cannabis retail experience.Narrative Update • Aug 08
Cannabis Legalization In Key States Will Expand Retail Footprint
Despite meaningful improvements in both revenue growth and net profit margin forecasts, the consensus analyst price target for Verano Holdings has been revised downward from CA$4.46 to CA$4.23. What's in the News Verano Holdings launched a new bodega-style retail dispensary format at its Zen Leaf Phoenix-Cave Creek location in Arizona, enhancing customer interaction and convenience.
New Narrative • Mar 29
New Product Lines And Retail Expansion Will Strengthen Future Outlook
Strategic focus on growth markets and operational efficiency could enhance revenue and reduce costs, improving overall profitability.Analysis Article • Oct 07
Are Investors Undervaluing Verano Holdings Corp. (CSE:VRNO) By 31%?
Key Insights The projected fair value for Verano Holdings is CA$8.16 based on 2 Stage Free Cash Flow to Equity Verano...Analysis Article • Sep 02
Why Investors Shouldn't Be Surprised By Verano Holdings Corp.'s (CSE:VRNO) 34% Share Price Surge
Verano Holdings Corp. ( CSE:VRNO ) shareholders have had their patience rewarded with a 34% share price jump in the...Shareholder Returns
| VRNO | CA Pharmaceuticals | CA Market | |
|---|---|---|---|
| 7D | 22.5% | 1.9% | -1.0% |
| 1Y | 168.1% | 51.9% | 28.9% |
Return vs Industry: VRNO exceeded the Canadian Pharmaceuticals industry which returned 51.9% over the past year.
Return vs Market: VRNO exceeded the Canadian Market which returned 28.9% over the past year.
Price Volatility
| VRNO volatility | |
|---|---|
| VRNO Average Weekly Movement | 12.4% |
| Pharmaceuticals Industry Average Movement | 10.2% |
| Market Average Movement | 9.7% |
| 10% most volatile stocks in CA Market | 16.6% |
| 10% least volatile stocks in CA Market | 3.7% |
Stable Share Price: VRNO has not had significant price volatility in the past 3 months compared to the Canadian market.
Volatility Over Time: VRNO's weekly volatility has decreased from 21% to 12% over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| n/a | 3,800 | George Archos | verano.com |
Verano Holdings Corp. engages in the cannabis business 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 Holdings Corp. Fundamentals Summary
| VRNO fundamental statistics | |
|---|---|
| Market cap | CA$616.53m |
| Earnings (TTM) | -CA$374.74m |
| Revenue (TTM) | CA$1.16b |
0.6x
P/S Ratio-1.8x
P/E RatioIs VRNO overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| VRNO income statement (TTM) | |
|---|---|
| Revenue | US$819.87m |
| Cost of Revenue | US$406.98m |
| Gross Profit | US$412.89m |
| Other Expenses | US$677.11m |
| Earnings | -US$264.22m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Aug 05, 2026
| Earnings per share (EPS) | -3.63 |
| Gross Margin | 50.36% |
| Net Profit Margin | -32.23% |
| Debt/Equity Ratio | 57.5% |
How did VRNO perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/01 01:38 |
| End of Day Share Price | 2026/06/30 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Verano Holdings Corp. is covered by 12 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Aaron Grey | Alliance Global Partners |
| Frederico Yokota Choucair Gomes | ATB Cormark |
| Russell Stanley | Beacon Securities Limited |