When was Verano founded?

Verano was founded in 1996 and raised its 1st funding round 22 years after it was founded.

Where is Verano located?

Verano is headquartered in Chicago, United States. It is registered at Primátorská 296 18000 Praha.

How many employees does Verano have?

As of Aug 31, 2026, the latest employee count at Verano is 1202.

Is Verano a funded company?

Verano is a funded company, having raised a total of $120M across 3 funding rounds to date. The company's 1st funding round was a $***** Series C round, raised on Oct 31, 2018.

When was the latest funding round of Verano?

Verano's latest funding was a $***** Post IPO round on Mar 11, 2021, with participation from 2 investors.

What is the annual revenue of Verano?

Annual revenue of Verano is between $500M and $1B as on Dec 31, 2025

Where does Verano rank among its competitors?

Verano ranks 7th amongst 722 active competitors, of which 34 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Charlotte's Web, which secured $10M in May, 2026.

Who are the top competitors of Verano?

Verano's top competitors include Tilray, Curaleaf and AWH. Among them, Charlotte's Web secured the most recent funding round in May, 2026.

Verano - 2026 Company Profile, Funding, Competitors & Financials

Company Details

Provider of cannabis-based products for health and wellbeing. The company develops cannabis products, categories, and platforms for both medical and adult use. The product brand Verano has pre-rolls, refined vapes, and concentrates, Alexia has balms and lotions for pain and discomfort, Encore has Gummies, hard candies, mints, and chocolates developed in numerous, delicious flavors, doses, and blended cannabinoid formulas, and MUV has natural medications. The company provides cultivation and manufacturing facilities.

Website: verano.com
Social
Email ID: *****@veranogrown.com
Registered Address: Primátorská 296 18000 Praha

Key Metrics

Founded Year

1996

Location

Chicago, United States

Stage

Public

Total Funding

$120M in 3 rounds

Latest Funding Round

Post IPO, Mar 11, 2021, $*****

Investors

Serruya Private Equity & 4 more

Ranked

7^th among 722 active competitors

Annual Revenue

$500M - $1B as on Dec 31, 2025

Employee Count

1,202 as on Aug 31, 2026

Investment & Acquisitions

SWC Arizona & 14 more

Similar Companies

Tilray & 1444 more

Exit Details

Public

View Verano's full profile

Verano is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
VENARO Invest s.r.o. CIN: 03681459 , Czech Republic, Active	Jan 05, 2015	-	-
VERANO HOLDINGS, LLC CIN: 32078426528 , United States, Deadpooled	Mar 26, 2021	-	-	-
VERANO HOLDINGS CORP. CIN: 1848416 , United States, Active	Jan 30, 2019	$500M - $1B (As on Dec 31, 2025)	3780 (As on Mar 31, 2023)	-

Verano got listed on Feb 17, 2021.

Click here to take a look at Verano's IPO in detail

Verano has raised a total funding of $120M over 3 rounds. Its first funding round was on Oct 31, 2018. Its latest funding round was a Post IPO round on Mar 11, 2021 for $*****. 2 investors participated in its latest round. Verano has 5 institutional investors.

Here is the list of recent funding rounds of Verano:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 11, 2021	4756652	Post IPO	4001082	5386431	6177617	2864952
Jul 07, 2020	1689011	Conventional Debt	8441739	6287041	3102972	7284274
Oct 31, 2018	7091372	Series C	1816743	2469731	Serruya Private Equity & 1 more	1809966

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Verano's employee count trend

Verano has 1,202 employees as of Aug 26. Here is Verano's employee count trend over the years:

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Top competitors of Verano include Tilray, Curaleaf and AWH. Here is the list of Top 10 competitors of Verano, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Tilray 2013, Leamington (Canada), Public	Online e-distributor offering cannabis products for medical purposes	$50.4M	Privateer Holdings, Cavendish Privateers & 5 others	69/100
2nd	Curaleaf 2010, Wakefield (United States), Public	Brand of cannabis dispensary	$785M	E Squared Capital, CapStone Holdings	67/100
3rd	AWH 2014, Cambridge (United States), Public	Provider of cannabis plants and products services	$135M	Raptor Group, V. Gastevich Investments & 4 others	67/100
4th	Jushi Holdings 2018, Boca Raton (United States), Public	Distributor of cannabis based products	$68.2M	Graticule Asset Management Asia, One Degree Ventures ... & 2 others	66/100
5th	GTI 2002, Chicago (United States), Public	Provider of health, and wellbeing products related to cannabis	-	Bengal Capital, Entourage Effect Capital & 4 others	65/100
6th	Curio Wellness 2014, Baltimore (United States), Series B	Manufacturer of cannabis products and operator of dispensaries	$30.8M	Entourage Effect Capital	54/100
7th	Verano 1996, Chicago (United States), Public	Provider of cannabis-based products for health and wellbeing	$120M	Canaccord Genuity Group, Serruya Private Equity ... & 3 others	54/100
8th	Charlotte's Web 2013, Bellaire (United States), Public	Retailer of hemp-derived wellness products including gummies, oils, capsules, and topicals	-	New Leaf Capital, British American Tobacco	52/100
9th	prima 2018, Santa Monica (United States), Acquired	Hemp-based cannabinoids products company	$12.5M	Lerer Hippeau, Defy & 9 others	51/100
10th	Glass House Brands 2015, Long Beach (United States), Public	Brand of cannabis flowers, healthcare, and other products	-	Mercer Park Brand Acquisition	48/100

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Verano has not made any investments yet. Verano has made 15 acquisitions.

Here is the list of latest three $acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jul 29, 2024	Acquisition	SWC Arizona	2014	Prescott (United States)
Feb 01, 2022	Acquisition	Goodness Growth Holdings	2021	Minneapolis (United States)
Nov 10, 2021	Acquisition	Caring Nature	2016	Waterbury (United States)