secwatch.observer — SEC 8-K summary
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Issuer:     Verano Holdings Corp. (VRNO)
CIK:        0001848416
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0001628280-24-007760
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1848416/000162828024007760/0001628280-24-007760-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1848416/000162828024007760/vrnof-20240229.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-007760

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