Verano Holdings Corp
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 (VRNOF) - Total Assets
Latest total assets as of June 2025: $1.94 Billion USD
Based on the latest financial reports, Verano Holdings Corp (VRNOF) holds total assets worth $1.94 Billion USD as of June 2025.
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 - Total Assets Trend (2019–2024)
This chart illustrates how Verano Holdings Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Verano Holdings Corp - Asset Composition Analysis
Current Asset Composition (December 2024)
Verano Holdings Corp's total assets of $1.94 Billion consist of 18.0% current assets and 82.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 4.4% |
| Accounts Receivable | $40.26 Million | 2.0% |
| Inventory | $184.46 Million | 9.3% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $734.00 Million | 36.9% |
| Goodwill | $246.23 Million | 12.4% |
Asset Composition Trend (2019–2024)
This chart illustrates how Verano Holdings Corp'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's current assets represent 18.0% of total assets in 2024, a decrease from 1573336.5% in 2019.
- Cash Position: Cash and equivalents constituted 4.4% of total assets in 2024, down from 37.9% in 2019.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 48.0% of total assets, an increase from 0.0% in 2019.
- Asset Diversification: The largest asset category is intangible assets at 36.9% of total assets.
Verano Holdings Corp Competitors by Total Assets
Key competitors of Verano Holdings Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Swedish Orphan Biovitrum AB (publ)
PINK:BIOVF
|
USA | $67.26 Billion |
|
Dongwha Pharm.Co.Ltd
KO:000020
|
Korea | ₩654.63 Billion |
|
Shenzhen Neptunus Bioengineering Co Ltd
SHE:000078
|
China | CN¥27.28 Billion |
|
Yuhan Corp Preferred
KO:000105
|
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 |
|
Yuyu Pharma
KO:000220
|
Korea | ₩202.42 Billion |
|
Ildong Holdings Co Ltd
KO:000230
|
Korea | ₩813.62 Billion |
Verano Holdings Corp - 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
Moderate asset utilization - Verano Holdings Corp generates 0.44x 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 is currently not profitable relative to its asset base.
Verano Holdings Corp - 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 | 2.51 | 0.99 | 1.99 |
| Quick Ratio | 1.06 | 0.52 | 0.55 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $223.52 Million | $ -3.03 Million | $ 98.12 Million |
Verano Holdings Corp - Advanced Valuation Insights
This section examines the relationship between Verano Holdings Corp'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 | 0.54 |
| Latest Market Cap to Assets Ratio | 0.08 |
| Asset Growth Rate (YoY) | -14.2% |
| Total Assets | $1.99 Billion |
| Market Capitalization | $158.75 Million USD |
Valuation Analysis
Below Book Valuation: The market values Verano Holdings Corp's assets below their book value (0.08 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Verano Holdings Corp's assets decreased by 14.2% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Verano Holdings Corp (2019–2024)
The table below shows the annual total assets of Verano Holdings Corp from 2019 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $1.99 Billion | -14.22% |
| 2023-12-31 | $2.32 Billion | -3.23% |
| 2022-12-31 | $2.40 Billion | -5.88% |
| 2021-12-31 | $2.55 Billion | +12675909.56% |
| 2020-12-31 | $20.08K | +529.56% |
| 2019-12-31 | $3.19K | -- |