Verano Holdings Corp.

VRNO · OTC · Enterprise · SIC 0100 Agricultural Production-Crops

Engine v1.1.0 · live data

Filings through Jun 30, 2026 · 10-Q filed Aug 5, 2026

Price as of Sep 16, 2026 · USD

Valuation method: Price / Book

Cash & short-term investments

$85.2M

Operating cash flow (TTM)

$89.4M

Cash runway

DATA REQUIRED

Exploration & mineral assets

DATA REQUIRED

Non-current assets

DATA REQUIRED

Shareholders' equity

$676.5M

Market capitalization

$438.9M

Price / Book

0.6×

METHODOLOGY GATE — EARNINGS NOT MEANINGFUL

EBITDA and net income are negative for the trailing period; asset-based view used.

FAIL-CLOSED NOTICES

EBITDA is negative — EBITDA-multiple valuation is not meaningful.

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Opportunity Detection · MultiStrategy™

3 pathways detected from Verano Holdings Corp.'s own filings

Each pathway fires only when the company's evidence supports it. Scores are deterministic; component scores are shown, the weights stay server-side.

#1NOWIP Monetization·Asset & IP Monetization·5X: Asset Value

IP & Brand Monetization

Verano Holdings Corp. carries $550.1M of identified intangible assets plus $161.0M of goodwill (41.8% of total assets). Licensing and brand partnerships can earn incremental returns on assets already paid for.

Annual economics

$16.5M–$44.0M

SCENARIO

$550.1M intangibles × 3%–8% royalty-equivalent yield

Evidence that triggered it

Intangible assets (ex-goodwill)$550.1M
Goodwill$161.0M
Total assets$1.7B

Assumptions (challenge these)

Royalty-equivalent EBITDA yield on intangibles3.0%–8.0%ASSUMPTION

Score components

Economic impact100
Feasibility68
Time to value70
Capital efficiency90
Strategic fit55
Evidence strength100

Capital required: None material
Time to value: 9 months
Execution complexity: Medium
Regulatory complexity: Low

HUMAN APPROVAL GATE

DRAFT

Activation is locked until this pathway is reviewed and approved.

#2NOWStructured Products·Risk & Capital Structure·5X: Capital Value

Structured Refinancing of High-Cost Debt

Implied cost of debt is 11.3% on $392.6M of borrowings. Revenue-participation, convertible or asset-backed structures (including RPCST™-style instruments where permitted) are modeled to lower the all-in cost of capital.

Annual economics

$3.9M–$9.8M

SCENARIO

$392.6M debt × 1.0%–2.5% lower cost

Evidence that triggered it

Total debt$392.6M
Interest expense (TTM)$44.4M
Implied cost of debt11.3%

Assumptions (challenge these)

Reduction in all-in cost of debt1.0%–2.5%ASSUMPTION

Score components

Economic impact100
Feasibility40
Time to value70
Capital efficiency90
Strategic fit55
Evidence strength100

Capital required: None material
Time to value: 9 months
Execution complexity: High
Regulatory complexity: Medium

Blockers & dependencies

Securities-law, lender consent and rating-agency review.

HUMAN APPROVAL GATE

DRAFT

Activation is locked until this pathway is reviewed and approved.

#3NEXTDigital Treasury·Treasury & Capital Strategy·5X: Treasury Value

Reserve Diversification Policy (Digital Assets)

A board-approved policy could allocate 0.5%–2.0% of the $1.6M excess liquidity to digital-asset reserves tied to a defined strategic purpose. Returns are price-dependent and are not modeled.

Sizing

Not modeled

ASSUMPTION

Returns not modeled — Token Clear does not forecast asset prices

Evidence that triggered it

Cash & short-term investments$85.2M

Assumptions (challenge these)

Allocation of excess liquidity0.5%–2.0%ASSUMPTION

Score components

Economic impact15
Feasibility60
Time to value85
Capital efficiency40
Strategic fit55
Evidence strength100

Capital required: $8.2K
Time to value: 6 months
Execution complexity: Medium
Regulatory complexity: Medium

Blockers & dependencies

Accounting, custody and board risk-appetite approval required.

HUMAN APPROVAL GATE

DRAFT

Activation is locked until this pathway is reviewed and approved.

Token Clear is modeling the enterprise…

First run for a company pulls filings live from SEC EDGAR. Subsequent loads are cached.

1Resolving issuer on SEC EDGAR
2Building Company Graph™ from XBRL filings
3Pulling market data and live peer set
4Detecting opportunities and scoring MultiStrategy™
5Running deterministic scenarios