Verano Holdings Corp Ordinary Shares - Class A (Sub Voting)
Verano Holdings Corp. operates as a vertically integrated multi-state cannabis operator in the United States. The company engages in the cultivation, processing, wholesale, and retail distribution of cannabis in Arizona, Connecticut, Florida, Illinois, Maryland, Massachusetts, Michigan, Nevada, New Jersey, Ohio, Virginia and West Virginia, and Pennsylvania. It offers cannabis products under the E… Read more
Verano Holdings Corp Ordinary Shares - Class A (Sub Voting) (VRNO) - Total Assets
Latest total assets as of June 2024: CA$2.24 Billion CAD
Based on the latest financial reports, Verano Holdings Corp Ordinary Shares - Class A (Sub Voting) (VRNO) holds total assets worth CA$2.24 Billion CAD as of June 2024.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Verano Holdings Corp Ordinary Shares - Class A (Sub Voting) - Total Assets Trend (2020–2023)
This chart illustrates how Verano Holdings Corp Ordinary Shares - Class A (Sub Voting)’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Verano Holdings Corp Ordinary Shares - Class A (Sub Voting) - Asset Composition Analysis
Current Asset Composition (December 2023)
Verano Holdings Corp Ordinary Shares - Class A (Sub Voting)'s total assets of CA$2.24 Billion consist of 17.0% current assets and 83.0% non-current assets.
| Asset Category | Amount (CAD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CA$0.00 | 7.5% |
| Accounts Receivable | CA$38.98 Million | 1.7% |
| Inventory | CA$140.69 Million | 6.1% |
| Property, Plant & Equipment | CA$0.00 | 0.0% |
| Intangible Assets | CA$1.09 Billion | 46.8% |
| Goodwill | CA$231.29 Million | 10.0% |
Asset Composition Trend (2020–2023)
This chart illustrates how Verano Holdings Corp Ordinary Shares - Class A (Sub Voting)'s asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Verano Holdings Corp Ordinary Shares - Class A (Sub Voting)'s current assets represent 17.0% of total assets in 2023, a decrease from 100.0% in 2020.
- Cash Position: Cash and equivalents constituted 7.5% of total assets in 2023, down from 42.8% in 2020.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 55.0% of total assets, an increase from 0.0% in 2020.
- Asset Diversification: The largest asset category is intangible assets at 46.8% of total assets.
Verano Holdings Corp Ordinary Shares - Class A (Sub Voting) Competitors by Total Assets
Key competitors of Verano Holdings Corp Ordinary Shares - Class A (Sub Voting) based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Swedish Orphan Biovitrum AB (publ)
PINK:BIOVF
|
USA | $67.26 Billion |
|
Kamada
NASDAQ:KMDA
|
USA | $378.79 Million |
|
One World Pharma Inc
OTCQB:OWPC
|
USA | $6.62 Million |
|
Dongwha Pharm.Co.Ltd
KO:000020
|
Korea | ₩654.63 Billion |
|
Shenzhen Neptunus Bioengineering Co Ltd
SHE:000078
|
China | CN¥27.28 Billion |
|
Yuhan Corp.
KO:000100
|
Korea | ₩3.05 Trillion |
|
Anhui Fengyuan Pharmaceutical Co Ltd
SHE:000153
|
China | CN¥4.97 Billion |
|
Kotra Industries Bhd
KLSE:0002
|
Malaysia | RM363.90 Million |
Verano Holdings Corp Ordinary Shares - Class A (Sub Voting) - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Verano Holdings Corp Ordinary Shares - Class A (Sub Voting) generates 0.40x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Verano Holdings Corp Ordinary Shares - Class A (Sub Voting) is currently not profitable relative to its asset base.
Verano Holdings Corp Ordinary Shares - Class A (Sub Voting) - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.99 | 0.92 | 0.92 |
| Quick Ratio | 0.52 | 0.50 | 0.50 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CA$-3.03 Million | CA$ -29.39 Million | CA$ -29.39 Million |
Verano Holdings Corp Ordinary Shares - Class A (Sub Voting) - Advanced Valuation Insights
This section examines the relationship between Verano Holdings Corp Ordinary Shares - Class A (Sub Voting)'s asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.43 |
| Latest Market Cap to Assets Ratio | 0.13 |
| Asset Growth Rate (YoY) | -3.2% |
| Total Assets | CA$2.32 Billion |
| Market Capitalization | $303.72 Million USD |
Valuation Analysis
Below Book Valuation: The market values Verano Holdings Corp Ordinary Shares - Class A (Sub Voting)'s assets below their book value (0.13 x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: Verano Holdings Corp Ordinary Shares - Class A (Sub Voting)'s assets decreased by 3.2% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for Verano Holdings Corp Ordinary Shares - Class A (Sub Voting) (2020–2023)
The table below shows the annual total assets of Verano Holdings Corp Ordinary Shares - Class A (Sub Voting) from 2020 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | CA$2.32 Billion | -3.23% |
| 2022-12-31 | CA$2.40 Billion | -5.99% |
| 2021-12-31 | CA$2.55 Billion | +16182452.99% |
| 2020-12-31 | CA$15.75K | -- |