Fundz

Verano Holdings Secures $195 Million in Senior Secured Term Loan

PUBLIC · VRNOMar 12, 2026

Amount Raised

$195 Million

Round Type

Debt Financing

ChicagoManufacturingInformation TechnologyAgriculture and FarmingCannabis

Investors

Needha

Description

On March 12, 2026, Verano Holdings Corp. announced the successful closing of a senior secured term loan worth $195 million. This loan is part of a new credit agreement that will provide the company with the necessary capital to support its ongoing operations and growth initiatives. The financing will enable Verano to further expand its footprint in the cannabis industry

Quick answer

Verano raised $195 Million in a Debt Financing round, dated March 12, 2026. Investors: Needha. Verano is based in Chicago, Illinois, United States.

How much did Verano raise?
Verano raised $195 Million in a Debt Financing round on March 12, 2026.
Who invested in Verano?
Needha is named as investors in this round.
What does Verano do?
Verano is a Chicago-based multistate cannabis operator that specializes in the cultivation, production, and distribution of cannabis products.
Where is Verano based and how big is it?
Verano is based in Chicago, Illinois, United States.
Who are the decision-makers at Verano?
Fundz holds 4 contacts at Verano, including the Director, Talent Acquisition. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Agriculture and Farming and Cannabis around the same time

Companies in the same sectors as Verano that raised within 45 days of this round, from Fundz verified event records.

  • AuX Labs raised $4M (Seed) on April 21, 2026.
  • Lucid Group raised $1.1B (Post-IPO Equity) on April 15, 2026.
  • Sow Good raised $1.5M (Funding Round) on March 31, 2026.
  • Elmed Life Sciences raised $2.7M (Seed) on March 26, 2026.
  • Cauldron raised $13M (Series A) on March 24, 2026.
  • Purebase raised $1M (Debt Financing) on March 2, 2026.

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Company Information

Company

Verano

Location

Chicago, Illinois, United States

About

Verano is a Chicago-based multistate cannabis operator that specializes in the cultivation, production, and distribution of cannabis products. It is publicly listed in Canada and operates in multiple U.S. states where cannabis is federally prohibited.

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Related People

4 contacts
Verified contactsOliver M., Director, Talent Acquisition hiddenSee plans and pricing
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