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Verano Holdings Corp.: Business Overview, Financials & Competitive Analysis

Verano Holdings Corp. scores 5/10 on the AskCyborg Cyborg Score (Mixed). Heavily discounted valuation provides entry point for investors betting on cannabis industry reform and EBITDA recovery in 2026. Revenue declined 6.38% to $878.59 million in 2024, with losses of $341.86 million, 191% more than in 2023. Analysts expect EBITDA growth in 2026 and the company trades at a discount.

What is Verano Holdings Corp.'s industry? Verano Holdings Corp. (verano.com) operates in Cannabis - Cultivation, Processing & Retail. AskCyborg classifies Verano Holdings Corp. under Cannabis - Cultivation, Processing & Retail in its company registry.

Verano Holdings is one of the U.S. cannabis industry's leading companies based on historical revenue, geographic scope and brand performance, operating as a vertically integrated, multi-state operator. The company ope...

5/ 10Mixed

Cyborg Score thesis

Heavily discounted valuation provides entry point for investors betting on cannabis industry reform and EBITDA recovery in...

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Industry Cannabis - Cultivation, Processing & Retail
3 named competitors
3 recent developments
11 analyst dimensions
Synthesized from analyst-debate stress-testing across 11 dimensions and hundreds of data points. Methodology →
Cyborg Score recalibrated: October 12, 2026
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What's in This Report
Verano Holdings Corp. OverviewStrategic ProfileCompetitive LandscapeIndustry ContextKey facts
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Verano Holdings Corp. Overview

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Verano Holdings is one of the U.S. cannabis industry's leading companies based on historical revenue, geographic scope and brand performance, operating as a vertically integrated, multi-state operator. The company operates across 13 U.S. states with 15 production facilities and over 1.1 million square feet of cultivation capacity.

Strategic Profile

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Verano provides a superior cannabis shopping experience through Zen Leaf and MÜV dispensary banners while producing a comprehensive suite of high-quality cannabis products under its diverse brand portfolio including Verano, Essence, Savvy, BITS, Encore, and Avexia. The company remains the cheapest major MSO by EV/EBITDA with analysts expecting EBITDA growth in 2026.

Competitive Landscape

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Multi-state operators remain positioned for long-term growth despite industry volatility, with leading operators still standing out in the evolving sector. Verano competes with other major U.S. multi-state cannabis operators in the cultivation, processing, and retail distribution space across medical and adult-use markets.

Industry Context

Verano Holdings Corp. operates in Cannabis - Cultivation, Processing & Retail.

Key facts

Founded: 2014 · Headquarters: Chicago, Illinois · Employees: 3,800 · Revenue: $878.59M (2024) · Market cap: $0.34B

What the analysts stress-tested

The top findings that survived the multi-agent debate for Verano Holdings Corp..

  • Revenue declined 6.38% YoY in 2024 to $878.59M amid significant net losses of $341.86M
  • Market capitalization as of February 2026 stands at $0.34 billion USD
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Recent developments

Material events tracked by the AskCyborg corpus.

  • January 2026First Amendment to credit facility increased commitment to $100 million
  • December 2025Opened new Zen Leaf location announced December 30, 2025
  • +1 moreTrack every material event for Verano Holdings Corp. as it happens. Explore monitoring →
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Named competitors

Pulled from the analyst-debate framework. Click any competitor to see their Cyborg Score.

TrulieveMajor U.S. multi-state cannabis operator→CuraleafLeading multi-state cannabis company→TerrAscendU.S. multi-state cannabis operator→

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Industry context

Verano Holdings Corp. operates in Cannabis - Cultivation, Processing & Retail. See how the rest of the sector scores on the Cyborg framework.

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Frequently asked questions

What does Verano Holdings Corp. do?+
Verano Holdings is one of the U.S. cannabis industry's leading companies based on historical revenue, geographic scope and brand performance, operating as a vertically integrated, multi-state operator. The company ope...
What is Verano Holdings Corp.'s Cyborg Score?+
Verano Holdings Corp. has a Cyborg Score of 5/10 (Mixed). The score synthesizes business model, financials, leadership, competitive position, technology, marketing, and ESG dimensions across hundreds of data points.
Who are Verano Holdings Corp.'s main competitors?+
Named competitors include Trulieve, Curaleaf, TerrAscend. The full competitive landscape is in the AskCyborg report.
How can I get the full Verano Holdings Corp. research report?+
Get the report plus analyst-debate audio at askcyborg.com -- no credit card required for preview access. Pro adds saved-company audio playlists and monitoring.
How current is the Verano Holdings Corp. research?+
The Cyborg Score is recalibrated weekly. Recent developments are tracked continuously and surfaced in every report.

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More Cannabis - Cultivation research

Companies in the same sector and named competitors, ranked by Cyborg Score.

7Planet 13 Holdings, Inc.7SNDL Inc.6Glass House Brands Inc.5Curaleaf Holdings, Inc.4Cresco Labs Inc.4MariMed Inc.4TerrAscend Corp.4The Cannabist Company Holdings Inc.