{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-22-029590","form_type":"8-K","ticker":"VRNO","cik":"0001848416","company_name":"Verano Holdings Corp.","filed_at":"2022-11-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:52.719479+00:00","generated_at":"2026-06-21T21:23:16.478191+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Verano Q3 revenue up 10% YoY to $228M; net loss widens to $43M","bullets":["Q3 2022 revenue $228M, up 10% YoY and 2% QoQ; growth driven by adult-use sales in New Jersey.","Gross profit $123M (54% margin) vs 48% a year ago; improvement from top-line growth and lower inventory step-up.","Net loss widened to $(43)M from $(13)M in Q3 2021; Adjusted EBITDA $82M (36% of revenue) vs $76M (34%) in prior quarter.","Opened 11 new MÜV dispensaries in Florida; expanded Verano signature flower to 4 new markets; launched Savvy brand across 7 markets.","Subsequent to quarter: refinanced $350M credit facility for enhanced flexibility and lower capital costs."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-22-029590","json":"https://secwatch.observer/filing/0001628280-22-029590.json","markdown":"https://secwatch.observer/filing/0001628280-22-029590.md","text":"https://secwatch.observer/filing/0001628280-22-029590.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1848416/000162828022029590/0001628280-22-029590-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1848416/000162828022029590/vrnof-20221114.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T21:23:16.478191+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":"b3f6e5d792ba4598b1e2503d5c16c730c204829a","claim":"Verano Holdings Corp. reported the third quarter ended September 30, 2022 results: revenue $228 million, net income $(43) million.","evidence_excerpt":"• Q3 2022 revenue increased 2% versus the prior quarter and 10% year-over-year to $228 million. ◦ Revenue growth versus the year-ago period was driven by strength from adult-use sales in New Jersey. • Q3 2022 gross profit was $123 million or 54% of revenue, compared to $98 million or 44% of revenue in the prior quarter, and $98 million or 48% of revenue in the third quarter 2021. ◦ Gross profit growth versus the year-ago period was driven by top-line growth and a lower comparative impact related to the inventory step-up from acquisitions. • Q3 2022 SG&A was $86 million or 38% of revenue, compared to $100 million or 45% of revenue in the prior quarter, and $76 million or 37% of revenue in the third quarter 2021. ◦ SG&A growth versus the year-ago period was primarily driven by an increase in retail locations. • Q3 2022 net loss was $(43) million, compared to a loss of $(10) million in the prior quarter, and $(13) million in the year-ago period.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1848416/000162828022029590/0001628280-22-029590-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter ended September 30, 2022"},{"label":"Revenue","value":"$228 million"},{"label":"Net income","value":"$(43) million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}