---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-007785"
form_type: "8-K/A"
ticker: "VRNO"
cik: "0001848416"
company_name: "Verano Holdings Corp."
filed_at: "2024-02-29T23:59:59+00:00"
generated_at: "2026-06-05T07:20:48.609087+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Verano Q4 revenue $237M (+5% YoY); FY2023 adj. EBITDA $305M; guides Q1 down 5-7%

## Summary
- Q4 2023 revenue $237M (+5% YoY); net loss $72.6M; adjusted EBITDA $73.4M (31% margin).
- Full-year 2023 revenue $938M (+7% YoY); net loss $112.7M; net cash from operations $110M (+16% YoY).
- Q1 2024 revenue guidance: 5-7% decline vs prior year; cites dispensary count normalization in New Jersey.
- Balance sheet: cash $175M; total debt net $446M; opened 3 new MÜV dispensaries in Florida and 2 Zen Leaf in Pennsylvania.
- Retail footprint now 138 dispensaries across 13 states; 14 production facilities with >1M sq ft cultivation.

## SEC filing metadata
- accession: 0001628280-24-007785
- form_type: 8-K/A
- 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: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1848416/000162828024007785/0001628280-24-007785-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1848416/000162828024007785/vrnof-20240229.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-007785
- JSON: https://secwatch.observer/filing/0001628280-24-007785.json
- Plain text: https://secwatch.observer/filing/0001628280-24-007785.txt

## Key facts
- Earnings Releases
  Verano Holdings Corp. reported financial results for the fourth quarter and year ended December 31, 2023.
  - Period: the fourth quarter and year ended December 31, 2023
  - Result: reported results
  source text: On February 29, 2024, 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/1848416/000162828024007785/0001628280-24-007785-index.htm

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