Verano reports record FY2023 revenue $938M (+7% YoY); guides Q1 2024 revenue down 5-7%

Verano Holdings Corp.

2023-FY EPS reported -$0.34 revenue$938,452,000

Full year 2023 revenue $938.5M (+7% YoY); net loss $(112.7)M improved from $(269.2)M.
Q4 2023 revenue $237.2M (+5% YoY, -1% QoQ); Adjusted EBITDA $73.4M (31% margin).
FY2023 net cash from ops $110M (+16% YoY); free cash flow $73M vs. $(25)M in 2022.
Q1 2024 revenue guidance: 5-7% decline YoY due to NJ dispensary count normalization.
Operations in 13 states: 138 dispensaries, 14 production facilities; cash $175M, debt $446M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Verano Holdings Corp. updated its the fourth quarter and full year ended December 31, 2023 guidance (initiated).

Period: the fourth quarter and full year ended December 31, 2023
Guidance: initiated
Result: reported results

Exact text from the filing

Verano Holdings Corp. (the “Company”) issued a press release announcing its financial results for the fourth quarter and year ended December 31, 2023.

View on SEC.gov

Browse all earnings releases →

Verano Holdings Corp. filing history →

Source: SEC EDGAR

accession 0001628280-24-007760

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.