Verano Holdings (NEOE:VRNO) Construction In Progress: C$141 Mil (As of Mar. 2026)

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NEOE:VRNO Verano Holdings Corp NEOE:VRNO
80 GF Score
Price C$8.30
GF Value C$11.27
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Verano Holdings Construction In Progress?

Verano Holdings NEOE:VRNO 80 Construction In Progress is C$141 Mil as of Mar. 2026. GuruFocus rates NEOE:VRNO with a GF Score™ of 80/100 and a GF Value™ of C$11.27 (Modestly Undervalued). The stock has 7 warning signs investors should review.

Verano Holdings's quarterly construction in progress increased from Sep. 2025 (C$134 Mil) to Dec. 2025 (C$138 Mil) and increased from Dec. 2025 (C$138 Mil) to Mar. 2026 (C$141 Mil).

Verano Holdings's annual construction in progress increased from Dec. 2023 (C$53 Mil) to Dec. 2024 (C$138 Mil) and increased from Dec. 2024 (C$138 Mil) to Dec. 2025 (C$138 Mil).

Verano Holdings Construction In Progress Historical Data

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The historical data trend for Verano Holdings's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Verano Holdings Construction In Progress Chart

Verano Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial 82.06 56.79 53.46 138.17 138.19

Verano Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 139.37 132.35 134.18 138.19 141.18
NEOE:VRNO
80GF Score
Verano Holdings Corp NEOE:VRNO
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Verano Holdings Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of C$141 Mil mean?
Verano Holdings (NEOE:VRNO) has a Construction In Progress of C$141 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Verano Holdings and its competitors.
Is Verano Holdings' Construction In Progress too high?
Verano Holdings' current Construction In Progress is C$141 Mil. Overall, Verano Holdings has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Verano Holdings' Construction In Progress compare to ZTS and UTHR?
Verano Holdings' Construction In Progress of C$141 Mil can be compared against companies in the Drug Manufacturers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Drug Manufacturers company?
A good Construction In Progress depends on the Drug Manufacturers industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Verano Holdings and its competitors. Verano Holdings's current Construction In Progress is C$141 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Verano Holdings stock overvalued right now?
Based on GuruFocus' analysis, Verano Holdings (NEOE:VRNO) is currently considered Modestly Undervalued. The stock's GF Value™ is C$11.27, compared to a current price of C$8.30 — trading 26.4% below its estimated fair value. The current Construction In Progress is C$141 Mil. Verano Holdings' overall GF Score™ is 80/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Verano Holdings (NEOE:VRNO), the current Construction In Progress is C$141 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Verano Holdings (NEOE:VRNO) Overvalued in 2026?

Based on GuruFocus' analysis, Verano Holdings stock appears to be undervalued. The current stock price of C$8.30 is trading 26.4% below its estimated GF Value™ of C$11.27. GuruFocus considers Verano Holdings to be Modestly Undervalued.

Key valuation signals for NEOE:VRNO:

  • Construction In Progress: C$141 Mil
  • GF Value™: C$11.27 vs. price of C$8.30 (26.4% below fair value)
  • GF Score™: 80/100 with 7 warning signs

No single metric tells the full story. See the NEOE:VRNO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Verano Holdings Business Description

Other Exchanges VRNOD:USAH7P0:Germany
Address 224 West Hill Street, Suite 400, Chicago, IL, USA, 60610
Verano Holdings Corp is a vertically integrated, multi-state cannabis operator in the United States. The company operates through cultivation (wholesale) and retail segments. Its consumer brands include Encore, Avexia, MUV, Savvy, BITS, and Verano, while its retail dispensaries operate under brands such as Zen Leaf and MUV. The company derives the majority of its revenue from the retail segment.
80GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$8.30
Price
C$11.27
GF Value