Verano Holdings Management
Management criteria checks 3/4
Verano Holdings' CEO is George Archos, appointed in Feb 2021, has a tenure of 3.25 years. total yearly compensation is $1.87M, comprised of 25.4% salary and 74.6% bonuses, including company stock and options. directly owns 9.03% of the company’s shares, worth CA$208.24M. The average tenure of the management team and the board of directors is 2.1 years and 1.8 years respectively.
Key information
George Archos
Chief executive officer
US$1.9m
Total compensation
| CEO salary percentage | 25.4% |
| CEO tenure | 3.3yrs |
| CEO ownership | 9.0% |
| Management average tenure | 2.1yrs |
| Board average tenure | 1.8yrs |
Recent management updates
Recent updates
Are Investors Undervaluing Verano Holdings Corp. (CSE:VRNO) By 31%?
Oct 07
Why Investors Shouldn't Be Surprised By Verano Holdings Corp.'s (CSE:VRNO) 34% Share Price Surge
Sep 02An Intrinsic Calculation For Verano Holdings Corp. (CSE:VRNO) Suggests It's 27% Undervalued
Jan 26Verano Holdings Corp. (CSE:VRNO) Second-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year
Aug 12Verano Holdings' (CSE:VRNO) Earnings Are Weaker Than They Seem
May 25CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | -US$113m |
| Dec 31 2023 | US$2m | US$475k | -US$117m |
| Sep 30 2023 | n/a | n/a | -US$256m |
| Jun 30 2023 | n/a | n/a | -US$281m |
| Mar 31 2023 | n/a | n/a | -US$278m |
| Dec 31 2022 | US$2m | US$475k | -US$269m |
| Sep 30 2022 | n/a | n/a | -US$60m |
| Jun 30 2022 | n/a | n/a | -US$30m |
| Mar 31 2022 | n/a | n/a | -US$50m |
| Dec 31 2021 | US$16m | US$375k | -US$58m |
| Sep 30 2021 | n/a | n/a | -US$135m |
| Jun 30 2021 | n/a | n/a | -US$35m |
| Mar 31 2021 | n/a | n/a | US$10m |
| Dec 31 2020 | US$556k | US$475k | US$38m |
Compensation vs Market: George's total compensation ($USD1.87M) is about average for companies of similar size in the Canadian market ($USD2.28M).
Compensation vs Earnings: George's compensation has been consistent with company performance over the past year.
CEO
George Archos (44 yo)
3.3yrs
Tenure
US$1,871,923
Compensation
Mr. George P. Archos is a Founder of Verano Holdings Corp. and has been its Chairman, Chief Executive Officer and Director since February 11, 2021. He served as Co-Founder, Chairman and Chief Executive Off...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 3.3yrs | US$1.87m | 9.03% $ 208.2m | |
| President | less than a year | US$1.77m | 0.15% $ 3.4m | |
| Chief Financial Officer | 2.3yrs | US$1.60m | 0.013% $ 308.8k | |
| Chief Legal Officer | less than a year | US$1.61m | 0.021% $ 478.2k | |
| President of Southern Region & Director | less than a year | US$1.86m | 1.08% $ 24.9m | |
| Co-Founder & Chief Growth Officer | no data | no data | no data | |
| Chief Operating Officer | less than a year | no data | 0.013% $ 306.9k | |
| Chief Investment Officer | 2.9yrs | no data | 0.028% $ 641.0k | |
| Vice President of Investor Relations | no data | no data | no data | |
| Chief Marketing Officer | 3yrs | no data | 0.022% $ 505.5k | |
| Chief People Officer | 2.6yrs | no data | 0.0099% $ 228.1k | |
| Executive VP of Finance & Corporate Controller | 1.8yrs | no data | 0.013% $ 304.1k |
2.1yrs
Average Tenure
44yo
Average Age
Experienced Management: VRNO's management team is considered experienced (2.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 3.3yrs | US$1.87m | 9.03% $ 208.2m | |
| President of Southern Region & Director | less than a year | US$1.86m | 1.08% $ 24.9m | |
| Independent Director | 1.8yrs | US$313.17k | 0.010% $ 235.0k | |
| Independent Director | 3.3yrs | US$416.04k | 0.012% $ 283.9k | |
| Independent Director | less than a year | US$237.84k | no data |
1.8yrs
Average Tenure
60yo
Average Age
Experienced Board: VRNO's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.