secwatch.observer — SEC 8-K summary
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Issuer:     Verano Holdings Corp. (VRNO)
CIK:        0001848416
Form:       8-K/A
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0001628280-24-007785
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1848416/000162828024007785/0001628280-24-007785-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1848416/000162828024007785/vrnof-20240229.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-007785

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