secwatch.observer — SEC 8-K summary
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Issuer:     Verano Holdings Corp. (VRNO)
CIK:        0001848416
Form:       8-K/A
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001628280-22-029721
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verano Q3 revenue $228M (+10% YoY); net loss $43M; Adj EBITDA $82M (36% margin)
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1848416/000162828022029721/0001628280-22-029721-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1848416/000162828022029721/vrnof-20221114.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-029721

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer