---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-009771"
form_type: "8-K"
ticker: "VRNO"
cik: "0001848416"
company_name: "Verano Holdings Corp."
filed_at: "2023-03-30T23:59:59+00:00"
generated_at: "2026-06-17T09:42:57.495519+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-23-009771
- form_type: 8-K
- ticker: VRNO
- cik: 0001848416
- company_name: Verano Holdings Corp.
- filed_at: 2023-03-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1848416/000162828023009771/0001628280-23-009771-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1848416/000162828023009771/vrnof-20230330.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-009771
- JSON: https://secwatch.observer/filing/0001628280-23-009771.json
- Plain text: https://secwatch.observer/filing/0001628280-23-009771.txt

## Key facts
- Earnings Releases
  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
  source text: today announced its financial results for the fourth quarter and year ended December 31, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1848416/000162828023009771/0001628280-23-009771-index.htm

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