secwatch.observer — SEC 8-K summary
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Issuer:     Verano Holdings Corp. (VRNO)
CIK:        0001848416
Form:       8-K
Filed at:   2023-11-08T23:59:59+00:00
Accession:  0001628280-23-037518
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verano Q3 record revenue $240M (+5% YoY); raises FY free cash flow guidance to $72-76M
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- Revenue $240M (+5% YoY; +3% QoQ); gross profit $133M (55% of revenue).
- Net loss $(18)M vs $(43)M in Q3 2022; Adjusted EBITDA $89M (37% of revenue).
- Net cash from operations $37M; free cash flow $27M in Q3.
- FY 2023 free cash flow guidance raised to $72-76M (from $65-75M); capex guidance lowered to $30-37M.
- Uplisted to Cboe Canada; opened new MÜV dispensaries in Florida and Zen Leaf locations in Connecticut.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1848416/000162828023037518/0001628280-23-037518-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1848416/000162828023037518/vrnof-20231108.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-037518

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