# Verano

> Verano is a Chicago-based, vertically integrated cannabis operator that grows and processes cannabis, develops consumer brands, supplies third-party dispensaries, and runs 163 stores under the Zen Leaf and MÜV banners across 13 U.S. states. Its model combines local, state-licensed production with a national brand portfolio, serving medical patients, adult-use shoppers, and wholesale retail accounts while navigating a market shaped by state borders, price compression, and federal restrictions.

- **Founded:** 2017
- **Headquarters:** Chicago, United States
- **Founders:** George Archos (Co-founder, Chairman and CEO), Sam Dorf (Co-founder and former Chief Strategy Officer)
- **Team size:** Approximately 3,800 employees as of March 10, 2026, including full- and part-time staff.
- **Products:** Zen Leaf, MÜV, Verano, Savvy, BITS
- **Notable:** Built a footprint of 163 dispensaries and 14 production facilities across 13 states by August 2026., Operates more than 1.1 million square feet of cultivation capacity., Reported top-three 2025 market-share positions in every product category in which its brands competed, according to company-cited BDSA data.

## Products & services

- **Zen Leaf** — Medical and adult-use dispensary banner positioned around hospitality, education and a broad multi-brand assortment.
- **MÜV** — Florida-led medical cannabis retail and product platform with formats including flower, vapes, topicals and other science-oriented products.
- **Verano** — Premium portfolio of flower-derived strains, pre-rolls, vapes and extracts.
- **Savvy** — Value-oriented, larger-format flower, vape and edible products.
- **BITS** — Low-dose cannabis edibles designed for gentler, everyday occasions, including products combining cannabinoids and adaptogens.
- **Encore** — Edibles brand spanning gummies, hard candies, mints and chocolates.
- **Avexia** — Wellness-oriented balms, bath soaks and microdosing tablets combining THC and CBD in select markets.
- **HYPHEN** — All-in-one cannabis vape pod system introduced as a product innovation in late 2025.
- **Swift Lifts** — Standalone pre-roll brand introduced nationally in 2026.
- **Wholesale and e-commerce** — Distribution to third-party dispensaries plus online ordering, in-store pickup and delivery where regulations permit.

## Achievements

- Built a footprint of 163 dispensaries and 14 production facilities across 13 states by August 2026.
- Operates more than 1.1 million square feet of cultivation capacity.
- Reported top-three 2025 market-share positions in every product category in which its brands competed, according to company-cited BDSA data.
- Generated $821.5 million of FY2025 revenue and $229.2 million of adjusted EBITDA, while reporting a $257.9 million GAAP net loss.
- Completed a merger with AltMed and began public trading in 2021.
- Won a conditional vertical cannabis license in Texas in 2025, subject to final state approval.
- Completed a Nevada redomiciliation and a 1-for-5 reverse stock split as part of preparations for possible U.S. exchange access.

## Latest updates

- **2026-08** — Reported Q2 revenue of $217.9 million, up 8% year over year, with $31 million in operating cash flow and a $13.4 million net loss.
- **2026-07** — Opened MÜV Bradfordville, bringing the network to 86 Florida dispensaries and 163 locations nationwide.
- **2026-06** — Completed a 1-for-5 reverse stock split intended to support a prospective U.S. stock-exchange listing.
- **2026-05** — Submitted DEA registration applications for certain state-licensed medical cannabis businesses after federal rescheduling action.
- **2026-04** — Authorized a share repurchase program of up to $20 million.
- **2026-03** — Closed a $195 million senior secured term loan led by Needham Bank and Chicago Atlantic.

## Links

- Website: https://verano.com
- LinkedIn: https://www.linkedin.com/company/verano-holdings
- Twitter/X: https://twitter.com/veranobrands
- Instagram: https://www.instagram.com/veranobrands
- Facebook: https://www.facebook.com/veranobrands/

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Profile page: https://yespress.io/verano
Published by YesPress — https://yespress.io
Last updated: 2026-08-14