Business Segments Verano Holdings Corp.

Equities

End-of-day quote NEO Exchange Other stock markets 2026-03-13			5-day change	1st Jan Change
1.510 ^CAD	+4.14%		-13.71%	-13.22%

Mar. 12	Verano Holdings Corp., Q4 2025 Earnings Call, Mar 12, 2026
Mar. 12	Verano Holdings Corp. Closes $195 Million Senior Secured Term Loan Refinancing Agreement	CI

Breakdown by Business Segment (USD)

Fiscal Period: December	2021	2022	2023	2024	2025
All Other	-	-	-	-147M	-
EBITDA	-	-	-	-117M	-
Intersegment Eliminations	-71.48M	-118M	-151M	-	-
Drug Stores and Pharmacies
Retail	592M	721M	741M	672M	-
Total Assets	1.3B	1.26B	1.14B	-	-
Income Tax Expense	50.4M	53.32M	100M	-	-
CAPEX	-56.96M	-	-	-	-
EBITDA	-	-	-	183M	-
D&A	41.78M	63.27M	67.28M	-	-
Net Income	-72.86M	-164M	-116M	-	-
Medicinal Chemicals and Botanical Products
Wholesale	218M	276M	348M	353M	-
Total Assets	1.24B	1.14B	1.18B	-	-
Income Tax Expense	53.72M	52.15M	44.69M	-	-
CAPEX	-91.55M	-	-	-	-
EBITDA	-	-	-	198M	-
D&A	54.46M	78.12M	73.85M	-	-
Net Income	58.18M	-105M	-1.11M	-	-
Cultivation, Manufacturing, and Distribution, and Sale of Cannabis	-	-	-	-	-
Interest Expense	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
Total Assets	-	-	-	-	-
CAPEX	-	-	-	-	-
EBT	-	-	-	-	-
Gross Profit	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
Net Income	-	-	-	-	-

Geographical breakdown of sales (USD)

Fiscal Period: December	2021	2022	2023	2024	2025
United States	738M	879M	938M	879M	-
Total Assets	2.55B	2.4B	2.32B	1.99B	-
Interest Expense	-24.27M	-49.43M	-59.79M	-54.76M	-
Income Tax Expense	104M	105M	145M	41.94M	-
D&A	96.24M	150M	152M	151M	-
CAPEX	-150M	-119M	-36.33M	-99.05M	-
Gross Profit	335M	423M	475M	444M	-
Net Income	-14.68M	-269M	-117M	-342M	-
EBT	91.96M	-163M	27.8M	-300M	-
Operating Income	108M	-161M	84.78M	-237M	-