Verano Holdings Management

Management criteria checks 3/4

Verano Holdings' CEO is George Archos, appointed in Feb 2021, has a tenure of 3.75 years. total yearly compensation is $1.87M, comprised of 25.4% salary and 74.6% bonuses, including company stock and options. directly owns 8.74% of the company’s shares, worth CA$74.33M. The average tenure of the management team and the board of directors is 2.6 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	8.7%
Management average tenure	2.6yrs
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 02

An Intrinsic Calculation For Verano Holdings Corp. (CSE:VRNO) Suggests It's 27% Undervalued

Jan 26

Verano Holdings Corp. (CSE:VRNO) Second-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year

Aug 12

Verano Holdings' (CSE:VRNO) Earnings Are Weaker Than They Seem

May 25

CEO Compensation Analysis

How has George Archos's remuneration changed compared to Verano Holdings's earnings?
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 ($USD1.87M) is about average for companies of similar size in the Canadian market ($USD1.83M).

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
George Archos	Founder	3.8yrs	US$1.87m	8.74% CA$ 74.3m
Darren Weiss	President	1.4yrs	US$1.77m	0.16% CA$ 1.3m
Brett Summerer	Chief Financial Officer	2.8yrs	US$1.60m	0.024% CA$ 204.1k
Laura Kalesnik	Chief Legal Officer	1.4yrs	US$1.61m	0.039% CA$ 327.7k
John Tipton	President of Southern Region & Director	1.4yrs	US$1.86m	0.91% CA$ 7.7m
Samuel Dorf	Co-Founder & Chief Growth Officer	no data	no data	no data
Edward McDermott	Chief Operating Officer	1.4yrs	no data	0.026% CA$ 222.1k
Aaron Miles	Chief Investment Officer	3.4yrs	no data	0.043% CA$ 369.3k
Julianna Paterra	Vice President of Investor Relations	no data	no data	no data
David Spreckman	Chief Marketing Officer	3.5yrs	no data	0.031% CA$ 259.6k
Destiny Thompson	Chief People Officer	3.1yrs	no data	0.025% CA$ 216.6k
Richard Tarapchak	Executive VP of Finance & Corporate Controller	2.3yrs	no data	0.028% CA$ 238.3k

2.6yrs

Average Tenure

45yo

Average Age

Experienced Management: VRNO's management team is considered experienced (2.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
George Archos	Founder	3.8yrs	US$1.87m	8.74% CA$ 74.3m
John Tipton	President of Southern Region & Director	1.3yrs	US$1.86m	0.91% CA$ 7.7m
Lawrence Hirsh	Independent Director	2.3yrs	US$313.17k	0.021% CA$ 176.7k
Cristina Nunez	Independent Director	3.8yrs	US$416.04k	0.020% CA$ 173.0k
Charles Mueller	Independent Director	1.3yrs	US$237.84k	0.0052% CA$ 43.9k

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.

Verano Holdings Management

Management criteria checks 3/4

Key information

Recent management updates

President notifies of intention to sell stock

Verano Holdings Corp., Annual General Meeting, Jun 20, 2024

High number of new and inexperienced directors

Verano Holdings Corp. Announces Executive Changes

Verano Holdings Corp. Announces Executive Changes

Founder exercised options to buy CA$76k worth of stock.

Recent updates

Consensus EPS estimates fall by 50%

Third quarter 2024 earnings released: US$0.12 loss per share (vs US$0.052 loss in 3Q 2023)

New minor risk - Share price stability

Verano Commences Adult Use Cannabis Sales At Zen Leaf Waterbury in Connecticut

Verano Holdings Corp. to Report Q3, 2024 Results on Nov 07, 2024

New minor risk - Shareholder dilution

Consensus EPS estimates fall by 15%

Second quarter 2024 earnings released: US$0.063 loss per share (vs US$0.038 loss in 2Q 2023)

Verano Holdings Corp. Announces to Commence Adult Use Cannabis Sales in Ohio on August 6, 2024

Verano Holdings Corp. (NEOE:VRNO) has entered into equity purchase agreement to acquire Salubrious Wellness Clinic, Inc. from The Cannabist Company Holdings Inc. (OTCPK:CBST.F)

Verano Holdings Corp. to Report Q2, 2024 Results on Aug 07, 2024

Verano Holdings Corp. (NEOE:VRNO) announces an Equity Buyback for 17,320,857 shares, representing 5% for $50 million.

President notifies of intention to sell stock

Forecast to breakeven in 2026

Verano Holdings Corp. Provides Revenue Guidance for the Second Quarter 2024

Verano Holdings Corp. to Report Q1, 2024 Results on May 08, 2024

Verano Holdings Corp., Annual General Meeting, Jun 20, 2024

Verano Holdings Corp. announced delayed annual 10-K filing

Verano Holdings Corp. to Report Q4, 2023 Results on Feb 29, 2024

Verano Holdings Corp. Reimagines (the) Essence Brand and Introduces (the) Essence Nectar Line in Core Markets, Combining Bespoke Graphic Art and Terpene-Rich Full-Spectrum Cannabis Products

Consensus EPS estimates fall by 32%

Third quarter 2023 earnings: EPS misses analyst expectations

New minor risk - Share price stability

Verano Holdings Corp. Announces the Launch of Savvy Threads

Are Investors Undervaluing Verano Holdings Corp. (CSE:VRNO) By 31%?

Verano Holdings Corp. to Report Q3, 2023 Results on Nov 08, 2023

Now 21% undervalued

Why Investors Shouldn't Be Surprised By Verano Holdings Corp.'s (CSE:VRNO) 34% Share Price Surge

Consensus EPS estimates fall by 115%

New minor risk - Profitability

Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

High number of new and inexperienced directors

Verano Holdings Corp. Announces Executive Changes

New minor risk - Shareholder dilution

Verano Holdings Corp. to Report Q2, 2023 Results on Aug 08, 2023

Verano Holdings Corp Introduces On The Rocks, New Multi-Format Brand Anchored Around Solventless Extraction Methods, Across Core Markets

Verano Holdings Corp. Announces Executive Changes

First quarter 2023 earnings: EPS exceeds analyst expectations

Full year 2022 earnings released

Founder exercised options to buy CA$76k worth of stock.

Director recently sold CA$192k worth of stock

Director recently sold CA$81k worth of stock

Verano Holdings Corp. Announces Departure of Ed Brown from Its Board

Now 20% undervalued after recent price drop

An Intrinsic Calculation For Verano Holdings Corp. (CSE:VRNO) Suggests It's 27% Undervalued

Now 22% undervalued after recent price drop

Now 21% undervalued after recent price drop

Now 28% undervalued after recent price drop

Chief Financial Officer recently sold CA$55k worth of stock

Consensus forecasts updated

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

High number of new and inexperienced directors

Verano Holdings Corp. Launches BITS, Company's New Low-Dose, High-Function Edibles

Verano Holdings Corp. to Report Q3, 2022 Results on Nov 14, 2022

Goodness Growth Holdings, Inc. Commences Action in the Supreme Court of British Columbia Against Verano Holdings Corp

Verano Holdings Corp. (CNSX : VRNO) completed the acquisition of WSCC, Inc.

Verano Holdings Corp. Appoints Lawrence Hirsh as New Member of the Board of Directors and Chair of the Audit Committee

Verano Holdings Corp. announced delayed 10-Q filing

Verano Holdings Corp. Introduces New Flower and Extract Brand, Savvy, in Seven Core Cannabis Markets

Verano Holdings Corp. to Report Q2, 2022 Results on Aug 16, 2022

High number of new and inexperienced directors

Verano Holdings Corp., Annual General Meeting, Aug 03, 2022

Verano Holdings Corp. Announces the Reopening of Zen Leaf Canton in Its New Location At 3224 Cleveland Ave NW on April 4, 2022 At 10 A.M. Local Time

Verano Holdings Corp. to Report Q4, 2021 Results on Apr 07, 2022

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Verano Holdings Corp. (CNSX:VRNO) entered into a definitive arrangement to acquire Goodness Growth Holdings, Inc. (CNSX:GDNS) for approximately $300 million.

Verano Holdings Corp. (CNSX:VRNO) completed the acquisition of 100% equity interests in Connecticut Pharmaceutical Solutions, LLC from Tuatara Capital, L.P. and others.

Investor sentiment improved over the past week