Wednesday, October 8, 2025

Latest

Verano Holdings To Acquire Sierra Well For US$29.0 Million

Verano Holdings (CSE: VRNO) is looking to expand its presence in Nevada. The company this morning announced that it will be acquiring Sierra Well, an operating cannabis firm that was previously set to be acquired by iAnthus Capital (CSE: IAN) back in 2019.

The acquisition will see Verano pay a total figure of US$29.0 million for the two retail dispensaries along with the cultivation and production facility operated by the company. The price to be paid is a slight improvement from the $27.6 million originally to be paid by iAnthus several years ago, with the price tag reportedly representing a 5x 2021 adjusted EBITDA multiple.

Consideration under the transaction is expected to consist of $5.6 million in the form of cash, while the remainder will be paid via the issuance of 1.5 million Class A subordinate voting shares of the company. The transaction is expected to close once all approvals have been obtained, with a more specific timeline not provided by the company.

The transaction is will bring Verano’s footprint in the state to four currently active storefronts, while a fifth location is expected to open later this summer.

Verano Holdings last traded at $18.00 on the CSE.


Information for this briefing was found via Sedar, and Verano Holdings. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

One Response

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Verano Holdings: Canaccord Reiterates $35 Price Target

On April 8th, Verano Holdings (CSE: VRNO) announced their full year 2020 and fourth quarter...

Sunday, April 11, 2021, 01:45:00 PM

Verano Holdings To Commence Trading This Morning

Verano Holdings (CSE: VRNO) is set to begin trading this morning on the Canadian Securities...

Wednesday, February 17, 2021, 08:35:36 AM

Verano Holdings Announces Multiple Acquisitions With An Aggregate Price Tag Of $290.7 Million

Verano Holdings (CSE: VRNO) continued its focus on inorganic growth this morning, announcing acquisitions in...

Friday, February 26, 2021, 07:30:34 AM

Verano Holdings Reports Q4 2021 Net Income Of $27.2 Million

Verano Holdings (CSE: VRNO) this morning reported its fourth quarter and full year financial results....

Wednesday, April 27, 2022, 08:19:18 AM

Verano Holdings Reports Revenues Of $120.9 Million, Net Income Of $68.8 Million

Verano Holdings (CSE: VRNO) reported first quarter financial results this morning, reporting revenues of $143.0...

Tuesday, May 18, 2021, 08:04:37 AM