VRNO Verano Holdings Corp.
Price Chart
Executive Summary
Verano Holdings completed a 1-for-5 reverse stock split effective June 11, 2026, reducing issued shares from ~367.7M to ~73.9M and authorized shares from 5B to 1B. The split is a technical step to meet exchange listing requirements for a prospective U.S. stock exchange uplisting, with no change to proportional ownership or voting power.
Actionable Insight
The reverse split is a technical prerequisite for a potential U.S. exchange uplisting, which could improve liquidity and institutional access. Monitor for a formal listing application or exchange approval — the split alone does not change fundamentals. The amended NCIB authorizing up to 3.64M post-split shares is a minor buyback signal but not material.
Key Facts
- 1-for-5 reverse stock split effective June 11, 2026
- Issued shares reduced from ~367,690,781 to ~73,918,135
- Authorized shares reduced from 5,000,000,000 to 1,000,000,000
- No fractional shares issued; cash payments in lieu for fractional entitlements
- Ticker on OTCQX changes to VRNOD for 20 business days, then reverts to VRNO
- Company states the split advances its path toward a prospective U.S. stock exchange listing
- Normal Course Issuer Bid amended to allow up to 3,643,858 shares repurchased post-split
Financial Impact
No direct financial impact; reverse stock split is a mechanical share consolidation with no change to proportional ownership or enterprise value.
Risk Factors
- Uplisting to a U.S. exchange is prospective and not guaranteed; failure to uplist could leave the stock on OTC with reduced liquidity
- Reverse splits can carry negative stigma and may be viewed as a sign of distress, though Verano frames it as a listing prerequisite
- Cash payments for fractional shares represent a small cash outflow, amount undisclosed
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-028207 |
| Exhibit: ex99-1.htm | 0001493152-26-028207 |
| Document: 0001493152-26-028207-index-headers.html | 0001493152-26-028207 |
| Document: 0001493152-26-028207-index.html | 0001493152-26-028207 |
| Document: 0001493152-26-028207.txt | 0001493152-26-028207 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 11, 2026
2d ago
|
8-K
| $5.80 awaiting T+1 | awaiting T+1 | — | $6.05 (+4.31%) |
|
Jun 2, 2026
10d ago
|
8-K
| $1.12 $1.12 | · 0.00% | ▼ −0.40% | $6.05 (+440.18%) |
|
Jun 1, 2026
12d ago
|
DEFA14A
| $1.20 $1.20 | · 0.00% | ▼ −0.14% | $6.05 (+404.17%) |
|
Jun 1, 2026
12d ago
|
8-K
| $1.20 $1.20 | · 0.00% | ▼ −0.14% | $6.05 (+404.17%) |
|
Apr 30, 2026
6w ago
|
8-K
| $1.30 $1.33 | ▲ +2.31% | ▲ +2.09% | $6.05 (+365.38%) |
|
Mar 12, 2026
13w ago
|
8-K
| $1.07 $1.12 | ▲ +4.67% | ▲ +5.27% | $6.05 (+465.42%) |
US Market Status
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