diff --git a/science/py-penaltymodel/Makefile b/science/py-penaltymodel/Makefile
index b3f2b75bad6d..c41314380651 100644
--- a/science/py-penaltymodel/Makefile
+++ b/science/py-penaltymodel/Makefile
@@ -1,34 +1,33 @@
 PORTNAME=	penaltymodel
-DISTVERSION=	1.0.2
-PORTREVISION=	1
+DISTVERSION=	1.1.0
 CATEGORIES=	science python # quantum-computing
 PKGNAMEPREFIX=	${PYTHON_PKGNAMEPREFIX}
 
 MAINTAINER=	yuri@FreeBSD.org
 COMMENT=	DWave: Utilities and interfaces for using penalty models
 WWW=		https://docs.ocean.dwavesys.com/projects/penaltymodel/en/latest/
 
 LICENSE=	APACHE20
 LICENSE_FILE=	${WRKSRC}/LICENSE
 
-PY_DEPENDS=	${PYTHON_PKGNAMEPREFIX}dimod>=0.10.10:science/py-dimod@${PY_FLAVOR} \
+PY_DEPENDS=	${PYTHON_PKGNAMEPREFIX}dimod>=0.12.13:science/py-dimod@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}homebase>=1.0.1:devel/py-homebase@${PY_FLAVOR} \
-		${PYTHON_PKGNAMEPREFIX}networkx>=2.4:math/py-networkx@${PY_FLAVOR} \
+		${PYTHON_PKGNAMEPREFIX}networkx>=3.0:math/py-networkx@${PY_FLAVOR} \
 		${PYNUMPY} \
-		${PYTHON_PKGNAMEPREFIX}reno>0:textproc/py-reno@${PY_FLAVOR} \
+		${PYTHON_PKGNAMEPREFIX}reno>=3.3.0:textproc/py-reno@${PY_FLAVOR} \
 		${PYTHON_PKGNAMEPREFIX}scipy>=1.7.3:science/py-scipy@${PY_FLAVOR}
 BUILD_DEPENDS=	${PY_DEPENDS}
 RUN_DEPENDS=	${PY_DEPENDS}
 
 USES=		python
 USE_PYTHON=	distutils cython autoplist unittest
 
 USE_GITHUB=	yes
 GH_ACCOUNT=	dwavesystems
 
 TEST_ENV=	${MAKE_ENV} PYTHONPATH=${STAGEDIR}${PYTHONPREFIX_SITELIBDIR}
 TEST_WRKSRC=	${WRKSRC}/tests
 
 NO_ARCH=	yes
 
 .include <bsd.port.mk>
diff --git a/science/py-penaltymodel/distinfo b/science/py-penaltymodel/distinfo
index 7511c7706773..f636f3095631 100644
--- a/science/py-penaltymodel/distinfo
+++ b/science/py-penaltymodel/distinfo
@@ -1,3 +1,3 @@
-TIMESTAMP = 1660513321
-SHA256 (dwavesystems-penaltymodel-1.0.2_GH0.tar.gz) = 8246ea0cc56e6965719f9c2684ff7bbdf2015f933cecd475ac7dd5028d7803b9
-SIZE (dwavesystems-penaltymodel-1.0.2_GH0.tar.gz) = 37639
+TIMESTAMP = 1705599914
+SHA256 (dwavesystems-penaltymodel-1.1.0_GH0.tar.gz) = cdcfeac4b9682fed6118f28459d33acb6c302850e9c2952a413fe17378d8f640
+SIZE (dwavesystems-penaltymodel-1.1.0_GH0.tar.gz) = 38244