secwatch.observer — SEC 8-K summary
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Issuer:     Verano Holdings Corp. (VRNO)
CIK:        0001848416
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001628280-23-027920
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verano Q2 revenue record $234M (+5% YoY); raises FY free cash flow guide to $65-75M
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- Q2 2023 revenue $234M, up 5% YoY and 3% QoQ; net loss of $13M, up from $10M loss in Q2 2022.
- Adjusted EBITDA $72M (31% of revenue), down from $76M in Q2 2022; gross profit $115M (49% of revenue).
- Free cash flow guidance raised lower end to $65-75M from $50-75M; capex reaffirmed at $35-50M.
- Opened 6 new dispensaries across FL, PA, CT, WV; launched On the Rocks solventless brand.
- Adult-use sales commenced at 4 Maryland Zen Leaf dispensaries on July 1, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1848416/000162828023027920/0001628280-23-027920-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1848416/000162828023027920/vrnof-20230808.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-027920

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