{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-000123","form_type":"8-K","ticker":"VRNO","cik":"0001848416","company_name":"Verano Holdings Corp.","filed_at":"2024-01-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.987534+00:00","generated_at":"2026-06-07T05:31:04.173557+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Verano subsidiary borrows $28M at 8.34% fixed, secured by Florida property","bullets":["$27,998,750 loan from First Federal Bank; 300-month amortization, balloon Dec 2028.","Fixed annual interest 8.34% (default 18%); prepayment penalties 0-2% based on timing.","Secured by mortgage on 15.24-acre property at 5909 US Hwy 41 N, Apollo Beach, FL.","Proceeds used to recoup cash spent on capital improvements to strengthen balance sheet.","Guaranteed by Verano Holdings Corp. and an affiliate subsidiary."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-000123","json":"https://secwatch.observer/filing/0001493152-24-000123.json","markdown":"https://secwatch.observer/filing/0001493152-24-000123.md","text":"https://secwatch.observer/filing/0001493152-24-000123.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1848416/000149315224000123/0001493152-24-000123-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1848416/000149315224000123/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T05:31:04.173557+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0c6e2084d944d31a677ab4cde7ec5a43d07f7589","claim":"Verano Holdings Corp. incurred loan of $27,998,750 with First Federal Bank at 8.34% maturing December 26, 2028.","evidence_excerpt":"The Loan Agreements provide for $27,998,750 in principal borrowings and require sixty monthly installment payments based on a 300-month amortization schedule. All unpaid principal and interest is due in full on December 26, 2028.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1848416/000149315224000123/0001493152-24-000123-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$27,998,750"},{"label":"Counterparty","value":"First Federal Bank"},{"label":"Rate","value":"8.34%"},{"label":"Maturity","value":"December 26, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"c4275e785ec6627a21471f426b78164cd1ad0603","claim":"Verano Holdings Corp. entered into Loan Agreement with First Federal Bank valued at $27,998,750 (effective 2023-12-26).","evidence_excerpt":"On December 26, 2023, a subsidiary of Verano Holdings Corp. (the “Company”) as the borrower (“ Borrower ”), entered into a Loan Agreement (the “ Agreement ”), with First Federal Bank (“ Lender ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1848416/000149315224000123/0001493152-24-000123-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"First Federal Bank"},{"label":"Value","value":"$27,998,750"},{"label":"Effective","value":"2023-12-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}