Verano Holdings Analysis
What is Verano Holdings?
Verano Holdings cultivates and sells cannabis products, including oils, edibles, and vapes, emphasizing quality and cannabis education.
Founded
2014
Revenue
$938M
YC Batch
S21
Product Features & Capabilities
- cannabis oils, edibles, vapes, pre-rolls, extracts, topicals, inhalers, patches, balms, bath soaks, microdosing tablets, gummies, hard candies, mints, chocolates, premium cannabis strains, hand-crafted cannabis products, educational resources.
Pricing
- Modified Grapes Reserve Stix (1G): $12
- Modified Grapes Reserve Traveler (300mg): $35
- Gelato Essence Swift Lifts (2.5G): $30
- Gelato Essence Flower: $35
- Gelato Essence Cartridge (500mg): $25
- Modified Grapes Reserve Cartridge (500mg): $25
Who are the founders of Verano Holdings
GA
George Archos
Founder, Chairman and Chief Executive Officer
LK
Laura Kalesnik
Chief Legal Officer and General Counsel
TM
Trip McDermott
Chief Operating Officer
Market Focus
Verano Holdings primarily focuses on the cannabis industry, cultivating and selling a variety of cannabis products, including oils, edibles, and vapes.
Business Model
Retail and wholesale distribution of cannabis products; revenue from product sales and partnerships.
Competitors Overview
Verano Holdings operates in the competitive cannabis market, facing several notable competitors:
- Cresco Labs: A major player in the cannabis industry, Cresco Labs is known for its extensive portfolio of brands and products. They have a significant workforce (1,001-5,000 employees), which all
Investors
- Eminence Capital LP: 11.55%
- George Archos: 6.96%
- Nomura Securities International, Inc. (Investment Management): 4.64%
- John Tipton: 0.90%
Company Pricing
- Modified Grapes Reserve Stix (1G): $12
- Modified Grapes Reserve Traveler (300mg): $35
- Gelato Essence Swift Lifts (2.5G): $30
- Gelato Essence Flower: $35
- Gelato Essence Cartridge (500mg): $25
- Modified Grapes Reserve Cartridge (500mg): $25
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