The Dales Report | Trade to Black

Verano CEO on Earnings & Gaetz Pushes Trump to Reschedule Cannabis


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Verano Holdings (CBOE: VRNO) CEO George Archos joins Shadd Dales and Anthony Varrell on the Trade to Black podcast to break down the company’s latest earnings — and the numbers are turning heads. Verano reported $202M in revenue, $113M in gross profit, and a 33% adjusted EBITDA margin, handily beating margin expectations while focusing on operational efficiencies, automation, and product innovation. Shares have surged over 100% in the past 10 trading days, fueled by improved cultivation yields, stronger retail performance in key markets like Florida, and a disciplined wholesale strategy targeting creditworthy customers.Archos outlines why he expects a stronger second half of 2025, with cost management measures, market share gains, and new product partnerships on the horizon. Retail revenue rose 3% year-over-year, driven by Florida adult-use momentum, while wholesale headwinds from competition and vertical integration at competitors remain. Verano’s focus: sustaining a 30%+ adjusted EBITDA margin profile, building cash reserves, and leveraging owned real estate for refinancing.Also in this episode — the latest on U.S. cannabis rescheduling. Former Florida Congressman Matt Gaetz is urging President Trump to move marijuana from Schedule I to Schedule III, calling it a political and economic win that could end Democrats’ advantage on cannabis at the ballot box. Gaetz frames it as “populism meets practicality,” noting 280E tax relief, expanded research opportunities, and the absurdity of cannabis being classified alongside heroin.Plus, we review Organigram Global’s (NASDAQ: OGI) quarterly earnings miss on EPS but revenue beat, and preview our upcoming interview with CEO Beena Goldenberg on Friday at 11am EST.#CannabisNews #CannabisReform #VeranoHoldings #VRNO #CannabisStocks #CannabisEarnings #MarijuanaRescheduling #CannabisRescheduling #MattGaetz #Organigram #OGIWant to see our last week's recap?   • Weekly Recap: Trump Order, SAFER Banking &...  Want to see more Cannabis Reform videos?   • Why Rescheduling Could Transform Cannabis ...     • Trump Signals Cannabis Rescheduling Decisi...     • Ben Shapiro’s Cannabis Shift Explained | T...     • Trump Signals Possible Cannabis Rescheduli...     • What a Military Strategy Leak Means for Ca...  Want to be updated on Cannabis, Small Cap, AI, and Crypto? Subscribe to our Daily Baked in Newsletter!https://newsletter.thedalesreport.com...Find us as well on Facebook, Twitter, Instagram, LinkedIn and on the Web:Facebook:   / thedalesreport  Twitter:   / thedalesreport  Instagram:   / dalesreport  LinkedIn:   / the-dales-report  Apple Podcasts: https://tinyurl.com/TDRTradetoBlackon...Spotify: https://tinyurl.com/TDRTradeToBlackon...Website: https://thedalesreport.com/For copyright matters, please get in touch with us at:[email protected] views on the Trade To Black podcast and the guests on this podcast are purely opinions. You should not treat any opinions expressed by us or our guests as investment advice. The views on this podcast are solely intended to be informational and are not investment advice. Please go to our website for a full list of disclosures and details of any client relationship we have. https://thedalesreport.com/website-te...

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