Exclusive Interview with Verano Holdings Co-Founder, Chairman and CEO George Archos
Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) Co-Founder, Chairman and CEO George Archos last spoke with New Cannabis Ventures in March, shortly after the company’s public debut. The company went public to more easily pursue M&A, and Verano has been on an acquisitive streak. Archos shared an inside look at the company’s acquisitions, organic growth and funding. The audio of the entire conversation is available at the end of this written summary.
New Talent and Promoting from Within
The company’s flurry of M&A activity means that it has brought new talent onboard. With the closing of deals, Verano has added people to its marketing and operations teams. The company has also internal talent take on bigger roles. For example, Aaron Miles stepped into the Chief Investment Officer position, with Julianna Paterra taking charge of investor relations.
Verano Team Members at a New Jersey Dispensary
Integrating Assets in Pennsylvania
Verano has pursued acquisitions in Pennsylvania and, now, it is integrating its assets in the state. The company has 12 stores open and another six expected to be open by this time next year, according to Archos. The company closed on a facility for cultivation and processing, and in anticipation of adult use in the state, it is about to begin construction on a second cultivation site in Pennsylvania. Archos is bullish on the company’s position in Pennsylvania and sees parallels between that state and Verano’s home state of Illinois. Both markets have large populations and strong medical programs; Illinois has launched adult use and that is on the horizon for Pennsylvania.
The Interior of One of Verano’s Illinois Dispensaries
The Sierra Well Deal