Verano Holdings Corp. (NEO:VRNO)

Verano Holdings Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	68.57	87.8	174.76	84.85	99.12	16.4
Cash & Short-Term Investments	68.57	87.8	174.76	84.85	99.12	16.4
Cash Growth	-47.28%	-49.76%	105.96%	-14.39%	504.30%	155.57%
Accounts Receivable	30.76	40.26	38.98	16.58	17.41	7.27
Other Receivables	-	-	-	-	-	0.11
Receivables	30.76	40.26	38.98	16.58	17.7	11.32
Inventory	214.34	184.46	155.77	164.53	140.7	37.35
Prepaid Expenses	13.72	12.84	22.73	48.88	19.53	6.17
Other Current Assets	43.97	32.15	1.96	3.43	-	-
Total Current Assets	371.36	357.51	394.2	318.28	277.04	71.25
Property, Plant & Equipment	608.24	637.88	594.76	608.18	513.58	155.97
Long-Term Investments	-	-	2.29	8.78	7.49	11.55
Goodwill	247.6	246.23	231.29	269.09	368.13	16.03
Other Intangible Assets	700.52	734.01	1,086	1,181	1,380	72.42
Other Long-Term Assets	14	13.33	10.06	10.96	2.5	2.44
Total Assets	1,942	1,989	2,319	2,396	2,549	329.65
Accounts Payable	39.67	39.93	31.28	40.5	45.17	18.29
Accrued Expenses	54.69	61.49	60.99	38.18	39.53	11.83
Current Portion of Long-Term Debt	3.44	18.15	52.01	24.46	13.77	7.81
Current Portion of Leases	11.4	11.25	9.75	8.89	6.56	1.8
Current Income Taxes Payable	31.31	58.76	248.47	252.77	154.51	41.16
Current Unearned Revenue	6.82	7.45	5.78	3.58	2.62	2.06
Other Current Liabilities	0.5	0.94	3.92	18.26	208.35	33.34
Total Current Liabilities	147.83	197.97	412.19	386.65	470.52	116.29
Long-Term Debt	399.82	395.7	393.64	388.54	276.15	32.48
Long-Term Leases	94.29	97.88	87.4	76.85	56.81	10.62
Long-Term Unearned Revenue	-	-	-	-	1.18	2.04
Long-Term Deferred Tax Liabilities	72.37	74.1	182.22	196.47	262.18	14.82
Other Long-Term Liabilities	301.94	272.49	3.23	5.99	-	-
Total Liabilities	1,016	1,038	1,079	1,055	1,067	176.25
Common Stock	1,742	1,736	1,682	1,666	1,536	137.91
Retained Earnings	-814.27	-783.61	-441.75	-324.4	-55.24	9.25
Comprehensive Income & Other	0	0.01	-0.01	-0.01	-	-
Total Common Equity	927.23	952.17	1,240	1,342	1,481	147.16
Minority Interest	-1.78	-1.36	-	-	1.28	6.24
Shareholders' Equity	925.46	950.82	1,240	1,342	1,482	153.4
Total Liabilities & Equity	1,942	1,989	2,319	2,396	2,549	329.65
Total Debt	508.96	522.98	542.79	498.75	353.3	52.72
Net Cash (Debt)	-440.39	-435.19	-368.03	-413.9	-254.18	-36.32
Net Cash Per Share	-1.23	-1.24	-1.07	-1.25	-0.88	-0.13
Filing Date Shares Outstanding	361.78	358.95	344.07	341.77	327.87	293.2
Total Common Shares Outstanding	361.78	358.75	344.07	339.98	324.31	16.03
Working Capital	223.52	159.54	-17.99	-68.37	-193.47	-45.04
Book Value Per Share	2.56	2.65	3.60	3.95	4.57	9.18
Tangible Book Value	-20.88	-28.06	-77.36	-108.3	-267.51	58.71
Tangible Book Value Per Share	-0.06	-0.08	-0.22	-0.32	-0.82	3.66
Land	25.99	29.03	30.93	31.88	29.4	12.14
Buildings	162.7	173.43	194.27	197.82	126.02	15.22
Machinery	153.76	152.33	140.5	131.17	96.34	36.88
Construction In Progress	96.83	96.98	39.84	41.8	64.11	8.51
Leasehold Improvements	279.47	268.84	230.88	211.79	182.51	89.39

Updated Feb 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.