---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-007760"
form_type: "8-K"
ticker: "VRNO"
cik: "0001848416"
company_name: "Verano Holdings Corp."
filed_at: "2024-02-29T23:59:59+00:00"
generated_at: "2026-06-05T07:20:56.854144+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-007760
- form_type: 8-K
- ticker: VRNO
- cik: 0001848416
- company_name: Verano Holdings Corp.
- filed_at: 2024-02-29T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1848416/000162828024007760/0001628280-24-007760-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1848416/000162828024007760/vrnof-20240229.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-007760
- JSON: https://secwatch.observer/filing/0001628280-24-007760.json
- Plain text: https://secwatch.observer/filing/0001628280-24-007760.txt

## Key facts
- Earnings Releases
  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
  source text: Verano Holdings Corp. (the “Company”) issued a press release announcing its financial results for the fourth quarter and year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1848416/000162828024007760/0001628280-24-007760-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.