Verano Holdings Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	82.62	87.8	174.76	84.85	99.12	16.4
Cash & Short-Term Investments	82.62	87.8	174.76	84.85	99.12	16.4
Cash Growth	23.10%	-49.76%	105.96%	-14.39%	504.30%	155.57%
Accounts Receivable	32.46	40.26	38.98	16.58	17.41	7.27
Other Receivables	-	-	-	-	-	0.11
Receivables	32.46	40.26	38.98	16.58	17.7	11.32
Inventory	219.72	184.46	155.77	164.53	140.7	37.35
Prepaid Expenses	12.23	12.84	22.73	48.88	19.53	6.17
Other Current Assets	38.4	32.15	1.96	3.43	-	-
Total Current Assets	385.43	357.51	394.2	318.28	277.04	71.25
Property, Plant & Equipment	595.41	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	683.77	734.01	1,086	1,181	1,380	72.42
Other Long-Term Assets	13.14	13.33	10.06	10.96	2.5	2.44
Total Assets	1,925	1,989	2,319	2,396	2,549	329.65
Accounts Payable	42.32	39.93	31.28	40.5	45.17	18.29
Accrued Expenses	64.68	61.49	60.99	38.18	39.53	11.83
Current Portion of Long-Term Debt	2.94	18.15	52.01	24.46	13.77	7.81
Current Portion of Leases	11.67	11.25	9.75	8.89	6.56	1.8
Current Income Taxes Payable	14.34	58.76	248.47	252.77	154.51	41.16
Current Unearned Revenue	7.09	7.45	5.78	3.58	2.62	2.06
Other Current Liabilities	0.38	0.94	3.92	18.26	208.35	33.34
Total Current Liabilities	143.41	197.97	412.19	386.65	470.52	116.29
Long-Term Debt	397.82	395.7	393.64	388.54	276.15	32.48
Long-Term Leases	92.95	97.88	87.4	76.85	56.81	10.62
Long-Term Unearned Revenue	-	-	-	-	1.18	2.04
Long-Term Deferred Tax Liabilities	71.02	74.1	182.22	196.47	262.18	14.82
Other Long-Term Liabilities	336.06	272.49	3.23	5.99	-	-
Total Liabilities	1,041	1,038	1,079	1,055	1,067	176.25
Common Stock	1,744	1,736	1,682	1,666	1,536	137.91
Retained Earnings	-858.1	-783.61	-441.75	-324.4	-55.24	9.25
Comprehensive Income & Other	0	0.01	-0.01	-0.01	-	-
Total Common Equity	885.86	952.17	1,240	1,342	1,481	147.16
Minority Interest	-1.78	-1.36	-	-	1.28	6.24
Shareholders' Equity	884.09	950.82	1,240	1,342	1,482	153.4
Total Liabilities & Equity	1,925	1,989	2,319	2,396	2,549	329.65
Total Debt	505.37	522.98	542.79	498.75	353.3	52.72
Net Cash (Debt)	-422.75	-435.19	-368.03	-413.9	-254.18	-36.32
Net Cash Per Share	-1.17	-1.24	-1.07	-1.25	-0.88	-0.13
Filing Date Shares Outstanding	361.82	358.95	344.07	341.77	327.87	293.2
Total Common Shares Outstanding	361.82	358.75	344.07	339.98	324.31	16.03
Working Capital	242.01	159.54	-17.99	-68.37	-193.47	-45.04
Book Value Per Share	2.45	2.65	3.60	3.95	4.57	9.18
Tangible Book Value	-45.51	-28.06	-77.36	-108.3	-267.51	58.71
Tangible Book Value Per Share	-0.13	-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	155.29	152.33	140.5	131.17	96.34	36.88
Construction In Progress	97	96.98	39.84	41.8	64.11	8.51
Leasehold Improvements	280.27	268.84	230.88	211.79	182.51	89.39

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.