Exclusive Interview with Verano Co-Founder, Chairman and CEO George Archos
George Archos, the Co-Founder, Chairman and CEO of Verano Holdings (CSE: VRNO) (OTC: VRNOF), last spoke with New Cannabis Ventures in the summer of 2020. Since then, Verano has gone public and has actively pursued M&A. Archos caught up with New Cannabis Ventures to discuss the company’s recent acquisitions and how Verano is positioning itself for continued expansion. The audio of the entire conversation is available at the end of this written summary.
Multistate operator Verano has vertical operations across states like Illinois, Florida, New Jersey, Maryland, Arizona, Ohio and Nevada. It will soon have vertically integrated operations online in Massachusetts. The company is operational in 11 markets, and it will have a footprint in 14 states following the close of pending acquisitions.
The Exterior of a Verano Dispensary
Cultivation is core to the company’s foundation, experience built over the past seven years, according to Archos. Verano has several large facilities across its footprint, and it is scaling as its markets grow.
On the retail front, the company has 56 operational stores across its footprint. It will be adding more stores with its pending acquisitions.
The AltMed Merger
The AltMed deal is a merger in Archos’ view. The deal comes with a talented team that has built a successful company with a culture similar to Verano’s. John Tipton and Michael Smullen have built a strong business and brand with AltMed, according to Archos.
The combination of the two companies gives Verano more operational bandwidth. In such a new industry, it is difficult to source and hire talent. But, AltMed comes with a talented team, as well as large-scale operations in the key Florida and Arizona markets. The integration process has been a smooth one, according to