VRNOF (Verano Holdings) Construction In Progress : $97.1 Mil (As of Mar. 2025)

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What is Verano Holdings Construction In Progress?

Verano Holdings's quarterly construction in progress declined from Sep. 2024 ($111.7 Mil) to Dec. 2024 ($97.0 Mil) but then increased from Dec. 2024 ($97.0 Mil) to Mar. 2025 ($97.1 Mil).

Verano Holdings's annual construction in progress declined from Dec. 2022 ($41.8 Mil) to Dec. 2023 ($39.8 Mil) but then increased from Dec. 2023 ($39.8 Mil) to Dec. 2024 ($97.0 Mil).

Verano Holdings Construction In Progress Historical Data

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.

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Verano Holdings Construction In Progress Chart

Verano Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Construction In Progress

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64.11

41.80

39.84

96.98

Verano Holdings Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Construction In Progress	Get a 7-Day Free Trial															47.20	62.84	111.70	96.98	97.08

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.

Verano Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Verano Holdings Corp (OTCPK:VRNOF) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

76U0:Germany VRNO:Canada

Address

214 West Hill Street, Suite 400, Chicago, IL, USA, 60610

Website

https://www.veranogrown.com

Verano Holdings Corp is a vertically integrated multi-state cannabis operator in the United States. The Company has two reportable segments: (i) cultivation (wholesale) and (ii) retail. The company's consumer brands include Encore, Avexia, MUV, Savvy, BITS and Verano. The company's retail dispensaries operate under brands including Zen Leaf and MUV. The company derives its revenues from Retail segment.