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Verano Holdings
Biotech & Life Sciences · Chicago, United States · Founded 2018 · IPO 2019
Premium cannabis dispensaries offering adaptogen-boosted edibles and expert education for all experience levels MoreLess
Verano Holdings is a leading player in the cannabis industry, operating premium dispensaries that cater to both medical and recreational users. The company focuses on providing high-quality cannabis products, including their signature adaptogen-boosted edibles known as 'Bits.' These edibles are designed to enhance everyday life with a gentle dose of THC and additional health-boosting ingredients. Verano's business model revolves around cultivating and producing cannabis in state-of-the-art facilities, ensuring top-tier quality and consistency. The company generates revenue through direct sales at their dispensaries, which are known for their exceptional hospitality and educational resources. Verano serves a diverse clientele, from newcomers to cannabis connoisseurs, offering personalized guidance to help customers find the right products for their needs. Operating in a rapidly growing market, Verano is committed to elevating the cannabis experience and fostering community acceptance.
Keywords: cannabis, dispensaries, adaptogen, edibles, THC, hospitality, cultivation, production, medical, recreational.
Company overview
Verano Holdings company information
The essential company record, classifications and operating signals in one place.
- Status
- Acquired
- Founded
- 2018
- Headquarters
- Chicago, United States
- Employees
- 1,198
- Open positions
- 110
- Dealroom signal
- 88.1
- Investment activity
- 5 companies · latest Feb 2022
- Capital deployed
- —
- Preferred round
- ACQUISITION
Valuation & funding
Verano Holdings funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| POST IPO DEBTDebt | Mar 2026 | $195M | — | Needham Bank | ↗ |
| POST IPO DEBTDebt | Jan 2026 | $100M | — | Undisclosed | ↗ |
| POST IPO DEBTDebt | Mar 2025 | $12M | — | Rainbow Realty Group | ↗ |
| POST IPO DEBTDebt | Oct 2022 | $350M | — | Chicago Atlantic | ↗ |
| POST IPO DEBTDebt | Mar 2022 | $26M | — | AFC Gamma | ↗ |
| POST IPO DEBTDebt | Mar 2022 | Undisclosed | ↗ | ||
| POST IPO DEBTDebt | Oct 2021 | Undisclosed | ↗ | ||
| IPOOther financing | Feb 2021 | Undisclosed | — | ||
| GROWTH EQUITY VCOther financing | Feb 2021 | Canaccord Genuity Group · Beacon Securities | — | ||
| ACQUISITIONOther financing | Mar 2019 | Undisclosed | — |
Financials
Revenue, earnings and profit over time
Reported history and available estimates. Estimated years are marked “E”; sparse fields are left blank rather than inferred.
| Year | Revenue | Growth | EBITDA | Margin |
|---|---|---|---|---|
| 2026 | $841M | +2.3% | $206M | 24.5% |
| 2025 | $822M | -6.5% | $229M | 27.9% |
| 2024 | $879M | -6.4% | $238M | 27% |
| 2023 | $938M | +6.7% | $299M | 31.9% |
| 2022 | $879M | +19.2% | $134M | 15.2% |
| 2021 | $738M | — | $157M | 21.2% |
| 2020 | $0 | — | −$171K | — |
Growth signals
Verano Holdings website traffic
Latest recorded traffic for Verano Holdings is 59K monthly website visits, down 40.4% over the last three months. Verano Holdings's team grew 342.1% over the past year.
Hiring
Open positions at Verano Holdings
Current openings linked to this company in Dealroom.
Comparisons
Verano Holdings compared with similar companies
Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.
Capital deployed
Verano Holdings investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Vireo GrowthMinneapolis, United StatesCannabis company offering safe access, quality products, and community support through cultivation, manufacturing, and retail
$1Bvaluation
CL
Caring Nature, LLCWaterbury, United States
→
Willow Brook Wellness LLCMeriden, United States
→
Connecticut Pharmaceutical SolutionsPortland, United StatesMedical cannabis licensed producer in connecticut
$113Mvaluation
MR
Mad River RemediesRiverside, United StatesHome Page - Mad River Remedies
→
Talent graph
Verano Holdings's talent
Source: Dealroom Talent Intelligence.
Investors
8 investors on Verano Holdings's cap table
Sourced from Dealroom's funding and investor records.
Global footprint
Where Verano Holdings has talent and traffic
team presence
In the news
Latest news about Verano Holdings
Recent press, funding announcements, and product moves mentioning Verano Holdings — open to read from the original sources.
Market sentiment
What the market is saying about Verano Holdings
An AI-synthesized read of the highest-engagement posts about Verano Holdings on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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