Verano Holdings Management
Management criteria checks 2/4
Verano Holdings' CEO is George Archos, appointed in Feb 2021, has a tenure of 3.83 years. total yearly compensation is $1.87M, comprised of 25.4% salary and 74.6% bonuses, including company stock and options. directly owns 7.47% of the company’s shares, worth CA$48.21M. The average tenure of the management team and the board of directors is 2.7 years and 2.3 years respectively.
Key information
George Archos
Chief executive officer
US$1.9m
Total compensation
| CEO salary percentage | 25.4% |
| CEO tenure | 3.8yrs |
| CEO ownership | 7.5% |
| Management average tenure | 2.7yrs |
| Board average tenure | 2.3yrs |
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 |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$146m |
| Jun 30 2024 | n/a | n/a | -US$122m |
| 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 above average for companies of similar size in the Canadian market ($USD1.18M).
Compensation vs Earnings: George's compensation has been consistent with company performance over the past year.
CEO
George Archos (45 yo)
3.8yrs
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 | 3.8yrs | US$1.87m | 7.47% CA$ 48.2m | |
| President | 1.5yrs | US$1.77m | 0.16% CA$ 1.0m | |
| Chief Financial Officer | 2.9yrs | US$1.60m | 0.025% CA$ 163.5k | |
| Chief Legal Officer | 1.5yrs | US$1.61m | 0.043% CA$ 279.3k | |
| President of Southern Region & Director | 1.5yrs | US$1.86m | 0.90% CA$ 5.8m | |
| Co-Founder & Chief Growth Officer | no data | no data | no data | |
| Chief Operating Officer | 1.5yrs | no data | 0.027% CA$ 174.0k | |
| Chief Investment Officer | 3.5yrs | no data | 0.046% CA$ 299.9k | |
| Vice President of Investor Relations | no data | no data | no data | |
| Chief Marketing Officer | 3.6yrs | no data | 0.032% CA$ 206.9k | |
| Chief People Officer | 3.2yrs | no data | 0.027% CA$ 175.4k | |
| Executive VP of Finance & Corporate Controller | 2.4yrs | no data | 0.028% CA$ 179.9k |
2.7yrs
Average Tenure
45yo
Average Age
Experienced Management: VRNO's management team is considered experienced (2.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 3.8yrs | US$1.87m | 7.47% CA$ 48.2m | |
| President of Southern Region & Director | 1.4yrs | US$1.86m | 0.90% CA$ 5.8m | |
| Independent Director | 2.3yrs | US$313.17k | 0.021% CA$ 133.4k | |
| Independent Director | 3.8yrs | US$416.04k | 0.020% CA$ 130.6k | |
| Independent Director | 1.4yrs | US$237.84k | 0.0051% CA$ 33.1k |
2.3yrs
Average Tenure
61yo
Average Age
Experienced Board: VRNO's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 23:30 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 here.
Analysis Model and Snowflake
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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 .
Analyst Sources
Verano Holdings Corp. is covered by 18 analysts. 10 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 Capital Markets |
| Kenric Tyghe | ATB Capital Markets |