Verano Holdings Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	82.72	87.8	174.76	84.85	99.12
Cash & Short-Term Investments	82.72	87.8	174.76	84.85	99.12
Cash Growth	-5.78%	-49.76%	105.96%	-14.39%	504.30%
Accounts Receivable	30.93	40.26	38.98	16.58	17.41
Other Receivables	11.99	5.14	-	-	-
Receivables	42.92	45.41	38.98	16.58	17.7
Inventory	229.97	184.46	155.77	164.53	140.7
Prepaid Expenses	21.2	12.84	22.73	48.88	19.53
Other Current Assets	27.84	32.15	1.96	3.43	-
Total Current Assets	404.65	362.65	394.2	318.28	277.04
Property, Plant & Equipment	586.28	637.88	594.76	608.18	513.58
Long-Term Investments	-	-	2.29	8.78	7.49
Goodwill	161.01	246.23	231.29	269.09	368.13
Other Intangible Assets	579.09	734.01	1,086	1,181	1,380
Other Long-Term Assets	10.57	13.33	10.06	10.96	2.5
Total Assets	1,742	1,994	2,319	2,396	2,549
Accounts Payable	38.74	39.93	31.28	40.5	45.17
Accrued Expenses	61.79	61.49	60.99	38.18	39.53
Current Portion of Long-Term Debt	7.85	18.15	52.01	24.46	13.77
Current Portion of Leases	11.98	11.25	9.75	8.89	6.56
Current Income Taxes Payable	12.12	63.91	248.47	252.77	154.51
Current Unearned Revenue	7.51	7.45	5.78	3.58	2.62
Other Current Liabilities	0.27	0.94	3.92	18.26	208.35
Total Current Liabilities	140.26	203.11	412.19	386.65	470.52
Long-Term Debt	391.88	395.7	393.64	388.54	276.15
Long-Term Leases	91.09	97.88	87.4	76.85	56.81
Long-Term Unearned Revenue	-	-	-	-	1.18
Long-Term Deferred Tax Liabilities	36.64	74.1	182.22	196.47	262.18
Other Long-Term Liabilities	379.34	272.49	3.23	5.99	-
Total Liabilities	1,039	1,043	1,079	1,055	1,067
Common Stock	0.36	-	1,682	1,666	1,536
Additional Paid-In Capital	1,745	1,736	-	-	-
Retained Earnings	-1,042	-783.61	-441.75	-324.4	-55.24
Comprehensive Income & Other	-	0.01	-0.01	-0.01	-
Total Common Equity	704.16	952.17	1,240	1,342	1,481
Minority Interest	-1.78	-1.36	-	-	1.28
Shareholders' Equity	702.38	950.82	1,240	1,342	1,482
Total Liabilities & Equity	1,742	1,994	2,319	2,396	2,549
Total Debt	502.8	522.98	542.79	498.75	353.3
Net Cash (Debt)	-420.08	-435.19	-368.03	-413.9	-254.18
Net Cash Per Share	-1.16	-1.24	-1.07	-1.25	-0.88
Filing Date Shares Outstanding	363.25	358.95	344.07	341.77	327.87
Total Common Shares Outstanding	363.25	358.75	344.07	339.98	324.31
Working Capital	264.39	159.54	-17.99	-68.37	-193.47
Book Value Per Share	1.94	2.65	3.60	3.95	4.57
Tangible Book Value	-35.94	-28.06	-77.36	-108.3	-267.51
Tangible Book Value Per Share	-0.10	-0.08	-0.22	-0.32	-0.82
Land	26.06	29.03	30.93	31.88	29.4
Buildings	162.9	173.43	194.27	197.82	126.02
Machinery	154.84	152.33	140.5	131.17	96.34
Construction In Progress	100.17	96.98	39.84	41.8	64.11
Leasehold Improvements	282.72	268.84	230.88	211.79	182.51

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.