Verano reports record FY2022 revenue of $879M but net loss of $269M due to $229M impairment

Verano Holdings Corp.

Revenue $226M in Q4 2022, up 7% YoY; full year revenue $879M, up 19% YoY.
Net loss $216M in Q4 includes $229M impairment; full year net loss $269M.
Adjusted EBITDA $79M in Q4 (35% margin); full year $324M (37% margin), flat YoY.
Refinanced $350M credit facility; opened 3 new dispensaries in Florida in Q4.
Active operations in 13 states with 125 dispensaries and 14 cultivation facilities.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Verano Holdings Corp. reported financial results for the fourth quarter and year ended December 31, 2022.

Period: the fourth quarter and year ended December 31, 2022
Result: reported results

Exact text from the filing

today announced its financial results for the fourth quarter and year ended December 31, 2022

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Verano Holdings Corp. filing history →

Source: SEC EDGAR

accession 0001628280-23-009771

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