Verano Stock: Company Overview, Price & 2026 Outlook
Introduction
If you are searching for Verano stock, the first question is whether Verano Holdings Corp. is publicly traded and what ticker investors should look for.
Yes. Verano Holdings Corp. trades under the symbol VRNO on Cboe Canada and is also quoted on the OTCQX market in the United States. Cboe Canada — Verano VRNO listing
Verano is a U.S. multi-state cannabis operator with operations spanning 13 states, 14 cultivation and production facilities, and 163 operational retail locations, according to the company’s latest investor-relations information. Verano Investor Relations
The company reported $217.9 million in second-quarter 2026 revenue, up 8% year over year, alongside $51.2 million of adjusted EBITDA and $31 million of operating cash flow. However, Verano still reported a $13.4 million GAAP net loss, showing why investors need to look beyond revenue growth alone. Verano Q2 2026 financial results
That mix of operating scale, revenue growth, cash-flow improvement and continuing risks is central to understanding the Verano stock outlook.
Quick Answer: What Is Verano Stock?
| Key fact | Latest verified information |
|---|---|
| Company | Verano Holdings Corp. |
| Stock symbol | VRNO |
| Cboe Canada | VRNO |
| U.S. OTCQX | VRNO |
| Industry | Cannabis |
| Business model | Vertically integrated multi-state operator |
| Active states | 13 |
| Production facilities | 14 |
| Operational retail locations | 163 |
| Q2 2026 revenue | $217.9 million |
| Q2 2026 adjusted EBITDA | $51.2 million |
| Q2 2026 GAAP net loss | $13.4 million |
| Q2 2026 operating cash flow | $31 million |
| Next scheduled earnings report | October 29, 2026 |
The company’s latest investor-relations page confirms that Verano is scheduled to report its third-quarter 2026 financial results on October 29, 2026. Verano Investor Relations and upcoming earnings date
What Is Verano Holdings?
Verano Holdings is a vertically integrated cannabis company. Its business includes cannabis cultivation, production, wholesale operations and retail dispensaries.
The company operates retail locations under brands including Zen Leaf and MÜV, while its broader product portfolio includes brands such as Savvy, Essence, Encore, BITS, Avexia, CTPharma and Verano. Verano company overview
Its geographic footprint is concentrated in the U.S. regulated cannabis market. This gives investors exposure to the potential expansion of legal cannabis markets, but it also exposes shareholders to regulations that can vary considerably from one state to another.
Is Verano Publicly Traded?
Yes.
Verano’s shares trade on Cboe Canada under VRNO. Cboe Canada’s listing page identifies Verano Holdings Corp. as an equity security denominated in Canadian dollars. Cboe Canada VRNO security page
Investors may encounter older articles that refer to Verano using the former VRNOF symbol. That can create confusion when researching historical information.
The company has also taken steps related to its capital-markets strategy. In June 2026, Verano completed a 1-for-5 reverse stock split, which the company described as part of its efforts toward prospective U.S. exchange opportunities. Verano’s investor-relations news releases
A reverse stock split changes the number of outstanding shares and adjusts the per-share price mechanically. It does not, by itself, create additional economic value for shareholders.
Verano Stock Price
The Verano stock price can vary depending on the exchange, currency and trading session being viewed.
For investors researching VRNO, it is important to check the latest quote directly rather than relying on an old article or an undated search result. The official Cboe Canada security page provides the exchange listing and trading information for VRNO. Check the official Cboe Canada VRNO listing
This is particularly important for Verano because the stock has undergone a reverse split and because investors may encounter historical data using the former ticker.
When discussing the stock price on an investing website, the date and exchange should always be stated alongside the price. A historical closing price should never be presented as the current quote.
Verano’s Latest Financial Results
Verano’s second-quarter 2026 results provide the latest completed quarterly financial picture available before its scheduled Q3 report.
For the quarter ended June 30, 2026, Verano reported:
- Revenue: $217.9 million
- Gross profit: $99.7 million
- Operating income: $3.1 million
- GAAP net loss: $13.4 million
- Adjusted EBITDA: $51.2 million
- Operating cash flow: $31 million
- Capital expenditures: $12 million
Revenue increased approximately 5% from Q1 2026 and 8% from Q2 2025. Verano also described Q2 as its third consecutive quarter of revenue gains. Verano’s official Q2 2026 earnings release
The company’s official SEC filing provides the regulatory record behind these results. Investors who want to examine the underlying financial statements and disclosures can review Verano’s Q2 2026 Form 10-Q through the company’s SEC filings page. Verano SEC filings
Revenue Growth Is Not the Same as Net Profit
One of the most important points when analyzing Verano stock is the difference between adjusted EBITDA and GAAP earnings.
Verano generated $51.2 million of adjusted EBITDA during Q2 2026, but it still recorded a $13.4 million GAAP net loss. Q2 2026 results and financial tables
For that reason, investors should examine several metrics together:
- Revenue growth
- Gross margin
- Operating income
- GAAP net income or loss
- Adjusted EBITDA
- Operating cash flow
- Capital expenditures
- Debt and liquidity
Looking at only one of these figures can provide an incomplete picture of the company.
Verano Stock Forecast: What Could Affect the Future Price?
There is no reliable way to know exactly where the Verano stock price will trade in the future.
A better approach is to identify the factors that could influence the company’s earnings, cash flow and valuation.
Revenue Growth
Continued revenue growth would be one potential positive factor for Verano.
Q2 2026 revenue increased 8% year over year, while the company said growth was driven by organic business performance. Verano Q2 2026 results
However, investors should also watch margins. Revenue growth becomes more valuable to shareholders when it translates into stronger profitability and cash generation.
Adjusted EBITDA and Cash Flow
Verano generated $51.2 million of adjusted EBITDA and $31 million of operating cash flow in Q2 2026. Official Verano Q2 2026 financial results
Future quarterly reports can help investors determine whether this improvement represents a sustainable trend or simply quarter-to-quarter variation.
Cannabis Regulation
Federal and state cannabis policy remains one of the biggest variables for companies such as Verano.
Changes to cannabis regulation can influence taxation, banking, market access, licensing and the economics of operating in individual states.
Investors should therefore distinguish between proposed policy changes, political expectations and enacted regulations. A potential regulatory catalyst should not be treated as a guaranteed event.
Potential U.S. Exchange Opportunity
Verano has publicly discussed its efforts toward prospective U.S. capital-market opportunities. The company’s 2026 corporate actions included a reverse stock split, which management linked to its broader capital-markets strategy. Verano investor-relations news releases
A future exchange listing could potentially affect liquidity, visibility and the company’s access to investors. However, investors should not assume that a prospective listing will necessarily cause VRNO shares to rise.
Industry Competition
The cannabis industry remains highly competitive, with pricing, consumer preferences, retail expansion and state-level market conditions affecting operators.
Verano’s large retail footprint can provide scale, but scale alone does not eliminate competition or pricing pressure.
Verano Stock: Bull Case vs. Bear Case
| Potential positive | Potential concern |
|---|---|
| Revenue increased year over year in Q2 2026 | Company remained GAAP net-loss making |
| Operating cash flow improved | Cannabis remains highly regulated |
| Adjusted EBITDA remained positive | Margin declined year over year |
| Large multi-state retail footprint | State-by-state competition |
| Potential capital-market opportunities | Prospective listing is not guaranteed |
| Possible benefit from favorable policy changes | Regulatory and tax uncertainty |
These are scenario factors, not predictions. Actual shareholder returns will depend on future business performance, valuation and broader market conditions.
Important Risks for Verano Stock Investors
Regulatory Risk
Cannabis businesses operate under a complex regulatory framework. Rules can differ significantly among states, while federal policy can create additional uncertainty.
Tax Risk
Cannabis companies can face unusual tax considerations because of federal rules governing controlled substances. Investors should review the company’s SEC filings rather than assuming that cannabis businesses have the same tax economics as conventional consumer companies. Verano SEC filings
Profitability Risk
Positive adjusted EBITDA does not necessarily mean positive GAAP earnings.
Verano’s Q2 2026 results demonstrate this distinction: the company reported $51.2 million of adjusted EBITDA but a $13.4 million net loss. Verano Q2 2026 results
Market Volatility
Cannabis stocks can be highly sensitive to regulatory headlines, investor sentiment, financing conditions and industry developments.
Investors researching a Verano stock forecast should therefore avoid treating a single analyst target or technical price level as a certainty.
What Investors Should Watch Next
Verano’s next scheduled earnings report is October 29, 2026. Verano upcoming Q3 2026 earnings announcement
The next report should give investors an opportunity to evaluate whether recent operating trends are continuing.
Important items to monitor include:
- Quarterly revenue growth
- Gross margin
- Adjusted EBITDA margin
- GAAP net income or loss
- Operating cash flow
- Capital expenditures
- Cash and debt
- Retail-store expansion
- Regulatory developments
- Capital-markets progress
Verano’s official quarterly-results archive is also useful for comparing current results with previous quarters instead of evaluating the company from a single earnings report. Verano quarterly results archive
How to Research or Buy Verano Stock
Investors considering VRNO should first confirm which market their brokerage supports.
The official Cboe Canada listing identifies VRNO as Verano Holdings Corp.’s common-stock symbol. Official VRNO listing on Cboe Canada
Before buying any stock, investors can research:
- The latest company filing.
- The latest earnings release.
- Revenue and margin trends.
- Cash flow and capital expenditures.
- Debt and liquidity.
- Current valuation.
- Regulatory developments.
- Trading liquidity and spread.
This article is general educational information and is not personalized investment advice.
Frequently Asked Questions
Is Verano stock publicly traded?
Yes. Verano Holdings Corp. trades under VRNO on Cboe Canada and is also quoted under VRNO on OTCQX. Cboe Canada VRNO listing
What is the Verano stock ticker?
The current ticker is VRNO. Investors researching older articles may encounter the former VRNOF symbol.
What is the Verano stock price?
The answer depends on the exchange, currency and exact trading date. Investors should check the latest official market quote before publishing or acting on a price. The Cboe Canada page provides the official VRNO listing. Cboe Canada VRNO market page
Is Verano profitable?
Verano reported positive adjusted EBITDA of $51.2 million in Q2 2026 but also reported a $13.4 million GAAP net loss. Therefore, adjusted profitability and GAAP profitability should not be treated as the same thing. Verano Q2 2026 results
What is the Verano stock forecast?
There is no dependable way to guarantee a future VRNO price. A useful forecast should consider revenue growth, margins, cash flow, debt, regulation, taxation, competition and valuation rather than relying on a single unsupported price target.
When is Verano’s next earnings report?
Verano has scheduled its third-quarter 2026 financial results for October 29, 2026. Verano Investor Relations — Q3 2026 earnings announcement
Conclusion
Verano stock (VRNO) gives investors exposure to a large U.S. multi-state cannabis operator. The company currently operates across 13 states with 14 production facilities and 163 operational retail locations. Verano Investor Relations company overview
Its Q2 2026 results showed encouraging revenue and operating-cash-flow growth, but the company remained GAAP net-loss making. Verano Q2 2026 financial results
For investors researching the Verano stock price, Verano stock price prediction, or Verano stock forecast, the most useful approach is to focus on verifiable business developments rather than treating any single future price target as certain.
The next major data point is Verano’s scheduled Q3 2026 earnings report on October 29. Investors can use that report to reassess revenue growth, margins, cash flow, debt and the company’s broader capital-markets strategy. Verano Investor Relations
This article is for educational purposes only and does not constitute personalized financial advice or a recommendation to buy or sell securities.
