secwatch.observer — SEC 8-K summary
======================================

Issuer:     Verano Holdings Corp. (VRNO)
CIK:        0001848416
Form:       8-K
Filed at:   2023-03-30T23:59:59+00:00
Accession:  0001628280-23-009771
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1848416/000162828023009771/0001628280-23-009771-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1848416/000162828023009771/vrnof-20230330.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-009771

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