---
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"
generated_at: "2026-06-07T05:31:04.173557+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Verano subsidiary borrows $28M at 8.34% fixed, secured by Florida property

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-000123
- JSON: https://secwatch.observer/filing/0001493152-24-000123.json
- Plain text: https://secwatch.observer/filing/0001493152-24-000123.txt

## Key facts
- Debt Financings
  Verano Holdings Corp. incurred loan of $27,998,750 with First Federal Bank at 8.34% maturing December 26, 2028.
  - Instrument: loan
  - Principal: $27,998,750
  - Counterparty: First Federal Bank
  - Rate: 8.34%
  - Maturity: December 26, 2028
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1848416/000149315224000123/0001493152-24-000123-index.htm
- Material Agreements
  Verano Holdings Corp. entered into Loan Agreement with First Federal Bank valued at $27,998,750 (effective 2023-12-26).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: First Federal Bank
  - Value: $27,998,750
  - Effective: 2023-12-26
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1848416/000149315224000123/0001493152-24-000123-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.