{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-22-029721","form_type":"8-K/A","ticker":"VRNO","cik":"0001848416","company_name":"Verano Holdings Corp.","filed_at":"2022-11-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:52.717358+00:00","generated_at":"2026-06-21T21:23:05.139348+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Verano Q3 revenue $228M (+10% YoY); net loss $43M; Adj EBITDA $82M (36% margin)","bullets":["Q3 2022 revenue $228M, +10% YoY; gross profit $123M (54% margin) vs 44% in prior quarter.","Net loss $43M vs $10M loss in Q2 2022 and $13M loss in Q3 2021.","Adjusted EBITDA $82M (36% of revenue) vs $76M (34%) in prior quarter.","Opened 11 new MÜV dispensaries in Florida; acquired Sierra Well (Nevada).","Refinanced $350M credit facility post-quarter for improved flexibility and lower cost."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-22-029721","json":"https://secwatch.observer/filing/0001628280-22-029721.json","markdown":"https://secwatch.observer/filing/0001628280-22-029721.md","text":"https://secwatch.observer/filing/0001628280-22-029721.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1848416/000162828022029721/0001628280-22-029721-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1848416/000162828022029721/vrnof-20221114.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T21:23:05.139348+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":"eb6f3ced5b4030734797d1836c795c02ce730504","claim":"Verano Holdings Corp. reported 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/1848416/000162828022029721/0001628280-22-029721-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"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"}