Verano Holdings Corp.

Verano Holdings Corp. reported mixed financial results for Q2 2026. Revenue increased to $217.9 million, while gross profit declined. The company reduced its net loss for the quarter to $13.4 million, and operating cash flow significantly improved to $49.2 million for the six-month period. Additionally, Verano completed a 1-for-5 reverse stock split and repurchased treasury stock.

Verano Holdings Corp. reported its second-quarter 2026 financial results, with revenues reaching $218 million, marking its third consecutive quarter of revenue gains and an 8% year-over-year increase. The company achieved improved cash flow from operations totaling $31 million, despite reporting a net loss of $(13) million. Verano also executed strategic initiatives including a $2 million stock repurchase and a 1-for-5 reverse stock split to enhance its U.S. capital markets engagement.

Verano Holdings Corp. announced the completion of its 1-for-5 reverse stock split, effective June 11, 2026. This action also reduced the number of authorized shares from 5 billion to 1 billion. The company stated that fractional shares will be paid in cash and that adjustments have been made to stock options and RSUs. The reverse split is intended to position the company for future growth and potential U.S. stock exchange listing.

Verano Holdings Corp. announced a 1-for-5 reverse stock split, effective June 11, 2026. This action will reclassify every five shares of common stock into one, reducing the total outstanding shares from approximately 365 million to 73 million. Stockholders who would otherwise hold fractional shares will receive a cash payment based on the closing sale price on Cboe Canada.

Verano Holdings Corp. announced significant compensation for George Archos, its Chair, Chief Executive Officer, and President. Mr. Archos received a $2,500,000 cash bonus and an award of 2,500,000 restricted stock units that immediately vested. Additionally, he cancelled his previous employment agreement, his base salary was increased to $650,000 retroactive to January 1, 2026, and he received new long-term incentive awards totaling $1,137,500, vesting over three years.

Verano Holdings Corp. announced a 1-for-5 reverse stock split of its common stock, effective on or about June 11, 2026. This strategic move is intended to prepare the company for a prospective U.S. stock exchange listing and enhance institutional investor interest. As a result, the total outstanding shares will decrease from approximately 364.38 million to 72.88 million, and authorized shares will be reduced from 5 billion to 1 billion. Stockholders who would otherwise receive fractional shares will be compensated with a cash payment.

Verano Holdings Corp. reported a net loss of $(17.8) million for the first quarter of 2026, a significant increase from $(11.5) million in the prior year. Revenue slightly decreased to $208.2 million, and operating income also declined. Despite the increased losses, the company saw a substantial improvement in net cash provided by operating activities, which rose to $18.6 million.

Verano Holdings Corp. reported Q1 2026 financial results with $208 million in revenue, marking a 1% sequential increase, and a net loss of $(17.8) million. The company's Board of Directors also authorized a share repurchase program of up to $20 million, representing 5% of its issued and outstanding shares. Management expressed optimism for 2026, citing the historic cannabis rescheduling announcement and strategic growth initiatives, including securing a new $195 million credit facility.

Verano Holdings Corp. announced its 2026 Annual Meeting of Stockholders will be held virtually on June 18, 2026. Stockholders as of the April 24, 2026 record date will vote on several key proposals. These include the election of five directors, a non-binding advisory vote on executive compensation, and the ratification of the company's independent auditor. Additionally, stockholders will vote on the reapproval of the existing Stock and Incentive Plan.