secwatch.observer — SEC 8-K summary
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Issuer:     Verano Holdings Corp. (VRNO)
CIK:        0001848416
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0001628280-23-017007
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verano Q1 revenue up 12% YoY to $227M; net loss $9M, Adjusted EBITDA margin 31%
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- Revenue $227M (+12% YoY), gross profit $109M (48% margin).
- Net loss $9M vs $0.2M loss in Q1 2022; Adjusted EBITDA $71M (31% margin) down from $87M (43%).
- Cash flow from ops $17M, free cash flow $8M; capital expenditure $9M.
- Guidance: free cash flow $50-75M; capex tightened to $35-50M.
- Opened 4 new MÜV dispensaries in FL, Zen Leaf in PA & WV, CT adult use launch.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1848416/000162828023017007/0001628280-23-017007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1848416/000162828023017007/vrnof-20230510.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-017007

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