Verano Holdings Management

Management criteria checks 3/4

Verano Holdings' CEO is George Archos, appointed in Feb 2021, has a tenure of 3.42 years. total yearly compensation is $1.87M, comprised of 25.4% salary and 74.6% bonuses, including company stock and options. directly owns 9% of the company’s shares, worth $118.06M. The average tenure of the management team and the board of directors is 2.3 years and 1.9 years respectively.

Key information

George Archos

Chief executive officer

US$1.9m

Total compensation

CEO salary percentage	25.4%
CEO tenure	3.4yrs
CEO ownership	9.0%
Management average tenure	2.3yrs
Board average tenure	1.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has George Archos's remuneration changed compared to Verano Holdings's earnings?
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 ($USD1.87M) is below average for companies of similar size in the US market ($USD5.57M).

Compensation vs Earnings: George's compensation has been consistent with company performance over the past year.

CEO

George Archos (45 yo)

3.4yrs

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	3.4yrs	US$1.87m	9% $ 118.3m
Darren Weiss	President	1.1yrs	US$1.77m	0.16% $ 2.1m
Brett Summerer	Chief Financial Officer	2.5yrs	US$1.60m	0.025% $ 324.8k
Laura Kalesnik	Chief Legal Officer	1.1yrs	US$1.61m	0.040% $ 521.5k
John Tipton	President of Southern Region & Director	1.1yrs	US$1.86m	0.94% $ 12.3m
Samuel Dorf	Co-Founder & Chief Growth Officer	no data	no data	no data
Edward McDermott	Chief Operating Officer	1.1yrs	no data	0.027% $ 353.6k
Aaron Miles	Chief Investment Officer	3.1yrs	no data	0.045% $ 587.8k
Julianna Paterra	Vice President of Investor Relations	no data	no data	no data
David Spreckman	Chief Marketing Officer	3.2yrs	no data	0.031% $ 413.1k
Destiny Thompson	Chief People Officer	2.8yrs	no data	0.026% $ 344.8k
Richard Tarapchak	Executive VP of Finance & Corporate Controller	2yrs	no data	0.021% $ 280.6k

2.3yrs

Average Tenure

45yo

Average Age

Experienced Management: VRNO.F's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
George Archos	Founder	3.4yrs	US$1.87m	9% $ 118.3m
John Tipton	President of Southern Region & Director	less than a year	US$1.86m	0.94% $ 12.3m
Lawrence Hirsh	Independent Director	1.9yrs	US$313.17k	0.016% $ 214.6k
Cristina Nunez	Independent Director	3.4yrs	US$416.04k	0.021% $ 275.4k
Charles Mueller	Independent Director	less than a year	US$237.84k	0.0053% $ 69.8k

1.9yrs

Average Tenure

61yo

Average Age

Experienced Board: VRNO.F's board of directors are not considered experienced ( 1.9 years average tenure), which suggests a new board.

Verano Holdings Management

Management criteria checks 3/4

Key information

Recent management updates

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

Verano Holdings Corp. Announces Executive Changes

Verano Holdings Corp. Announces Executive Changes

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

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

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

Recent updates

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.

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

Verano Holdings Corp. Announces the Launch of Savvy Threads

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

Verano Holdings Corp. Announces Executive Changes

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

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

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

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

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.

Verano Holdings Corp. (CNSX:VRNO) acquired One medical cannabis growing operation, One processing operation and Two dispensaries in Maryland.

Verano Holdings Corp. (CNSX:VRNO) completed the cquisition of Agri-Kind, LLC and Agronomed Holdings Inc.

Verano Holdings Corp. (CNSX:VRNO) acquired NSE Pennsylvania LLC.

Verano Holdings Corp. (CNSX:VRNO) completed the acquisition of Terravida Holistic Centers, LLC and GVB Holding Group, LLC.

Verano Holdings Corp.'s Zen Leaf Receives Approval to Begin Adult-Use Cannabis Sales At Highland Park Dispensary

Verano Holdings Corp. (CNSX:VRNO) entered in an agreement to acquire The Herbal Care Center, Inc. for $38.1 million.

Verano Holdings Corp. (CNSX:VRNO) entered into an agreement to acquire Three Active Dispensaries and One Cultivation and Production Facility in Arizona.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age