Verano Holdings (VRNO) Shares Outstanding (Diluted) (2021 - 2026)
Verano Holdings' Weighted Average Shares Outstanding (Diluted) was 73.01 million in Q3 2026, down 79.8% from 361.79 million a year earlier and unchanged from the prior quarter.
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Analysis
Verano Holdings (VRNO) Shares Outstanding (Diluted) (2021 - 2026) Analysis & Trends
For FY2025, Weighted Average Shares Outstanding (Diluted) at Verano Holdings came in at 360.91 million, up 3.2% from FY2024.
- Weighted Average Shares Outstanding (Diluted) has now increased for five consecutive years, with a five-year compound annual growth rate of 5.9% (FY2020 to FY2025).
- In earlier years, Weighted Average Shares Outstanding (Diluted) was 349.58 million in FY2024 (+2.0%), 342.77 million in FY2023 (+3.4%), 331.41 million in FY2022 (+14.1%) and 290.44 million in FY2021 (+7.3%).
- Quarterly Weighted Average Shares Outstanding (Diluted) has moved between 73.01 million (Q2 2026) and 363.37 million (Q1 2026) over five years.
- Compared with a year earlier, Weighted Average Shares Outstanding (Diluted) was higher in six of the last eight quarters, with an average decline of 17.7%.
- The best year-over-year quarter for Weighted Average Shares Outstanding (Diluted) over five years was Q4 2022 (growth of 14.1%); the worst was Q3 2026 (a decline of 79.8%).
- Per Business Quant data, VRNO's Weighted Average Shares Outstanding (Diluted) in the three quarters before Q3 2026 was 73.01 million (Q2 2026), 363.37 million (Q1 2026) and 360.91 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 310.09 Bn | 289.08 Bn | 7.85 Bn | 1.56 Bn |
| 2 | British American Tobacco p.l.c | 143.09 Bn | 119.75 Bn | - | 2.20 Bn |
| 3 | Altria | 130.85 Bn | 117.83 Bn | 3.94 Bn | 1.67 Bn |
| 4 | RLX Technology | 2.40 Bn | -1.35 Bn | 52.74 Mn | 1.22 Bn |
| 5 | Curaleaf Holdings | 2.08 Bn | 1.70 Bn | 170.48 Mn | 264.88 Mn |
| 6 | Trulieve Cannabis | 1.86 Bn | 595.66 Mn | 148.02 Mn | 200.61 Mn |
| 7 | Verano Holdings | 1.83 Bn | 1.48 Bn | 100.04 Mn | 73.12 Mn |
| 8 | Green Thumb Industries | 1.49 Bn | 262.73 Mn | 146.79 Mn | 218.62 Mn |
| 9 | Cronos | 1.24 Bn | -1.90 Bn | 32.28 Mn | 370.72 Mn |
| 10 | Turning Point Brands | 1.10 Bn | 187.99 Mn | 85.18 Mn | 20.28 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 73.12 Mn |
| Jun 30, 2026 | 73.01 Mn |
| Mar 31, 2026 | 363.37 Mn |
| Dec 31, 2025 | 360.91 Mn |
| Sep 30, 2025 | 361.79 Mn |
| Jun 30, 2025 | 360.37 Mn |
| Mar 31, 2025 | 359.15 Mn |
| Dec 31, 2024 | 349.58 Mn |
| Sep 30, 2024 | 351.17 Mn |
| Jun 30, 2024 | 345.02 Mn |
| Mar 31, 2024 | 344.08 Mn |
| Dec 31, 2023 | 342.77 Mn |
| Sep 30, 2023 | 343.43 Mn |
| Jun 30, 2023 | 342.53 Mn |
| Mar 31, 2023 | 341.48 Mn |
| Dec 31, 2022 | 331.41 Mn |
| Sep 30, 2022 | 332.87 Mn |
| Jun 30, 2022 | 328.52 Mn |
| Mar 31, 2022 | 326.29 Mn |
| Dec 31, 2021 | 290.44 Mn |
API Access
Verano Holdings Shares Outstanding (Diluted) API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=shares-outstanding-diluted&ticker=VRNO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "ticker": "VRNO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=shares-outstanding-diluted&ticker=VRNO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();