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Verano Holdings
Premium cannabis dispensaries offering adaptogen-boosted edibles and expert education for all experience levels
About Verano Holdings
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.
Source: Dealroom company dataAt a glance
- Status
- Listed
- Founded
- 2018
- Headquarters
- Chicago, United States
- Listing
- IPO 2019
- Employees
- 1,198
- Open positions
- 110
- Dealroom signal
- 88.1/100
- Industry
- Health
- Sub-industry
- Pharmaceutical
- Sector
- Biotech & Life Sciences, Biotechnology, Cannabis, Biotech and Pharma, Hard Tech, Quasi tech, DT and LS, science-based
- Business model
- Manufacturing
- Client focus
- b2b
- Investment activity
- 5 companies, latest Feb 2022
- Capital deployed
- —
- Preferred round
- ACQUISITION
Knowledge graph
More headlines
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 | ↗ |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
| 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
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.
Open positions
Similar companies
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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
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Caring Nature, LLCWaterbury, United States
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Willow Brook Wellness LLCMeriden, United States
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Connecticut Pharmaceutical SolutionsPortland, United StatesMedical cannabis licensed producer in connecticut
$113Mvaluation
MR
Mad River RemediesRiverside, United StatesHome Page - Mad River Remedies
→
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series B and later8 investors entered at this stage
- SESerruya Private Equity
Sol Global investments- CGCanaccord Genuity Group
- BSBeacon Securities
AFC Gamma
Chicago Atlantic- RGRainbow Realty Group
Needham Bank
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Verano Holdings on X, ranked by likes and reposts, corporate channels excluded.
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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