{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-011507","form_type":"8-K/A","ticker":"VRNO","cik":"0001848416","company_name":"Verano Holdings Corp.","filed_at":"2024-03-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.987339+00:00","generated_at":"2026-06-04T17:53:21.718020+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Verano revises 2023 results: $9M impairment, net loss $117M, revenue $938M","bullets":["Fixed asset impairment of $9M on Massachusetts cultivation facility; net loss increased by $5M after tax.","FY2023 revenue $938M (+7% YoY), net loss $117M (improved from $269M loss in 2022).","Adj. EBITDA $305M (32% margin); net cash from ops $110M, free cash flow $73M.","Q4 revenue $237M (+5% YoY, -1% seq.); net loss $77M; adj. EBITDA $73M.","Q1 2024 guidance: revenue decline 5-7% vs prior year due to NJ dispensary growth."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-011507","json":"https://secwatch.observer/filing/0001628280-24-011507.json","markdown":"https://secwatch.observer/filing/0001628280-24-011507.md","text":"https://secwatch.observer/filing/0001628280-24-011507.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1848416/000162828024011507/0001628280-24-011507-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1848416/000162828024011507/vrnof-20240229.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T17:53:21.718020+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9639e3071f0dde8cde24772fc014b3f7fee95d6c","claim":"Verano Holdings Corp. reported the fiscal year ended December 31, 2023 results: revenue $938 million, net income $(117) million.","evidence_excerpt":"Full Year 2023 Financial Highlights • Revenue of $938 million, an increase of 7% year-over-year. • Gross profit of $475 million or 51% of revenue. • SG&A expense of $332 million or 35% of revenue. • Net loss of $(117) million or (13)% of revenue. • Adjusted EBITDA 2 of $305 million or 32% of revenue. • Net cash provided by operating activities of $110 million. • Capital expenditures of $36 million. • Free cash flow 1 of $73 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1848416/000162828024011507/0001628280-24-011507-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended December 31, 2023"},{"label":"Revenue","value":"$938 million"},{"label":"Net income","value":"$(117) million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"cdcfe9370f6ebff884567f07268c75f034a56622","claim":"Verano Holdings Corp. reported the fourth quarter ended December 31, 2023 results: revenue $237 million, net income $(77) million.","evidence_excerpt":"Fourth Quarter 2023 Financial Highlights • Revenue of $237 million, an increase of 5% year-over-year, and decrease of 1% versus the prior quarter. • Gross profit of $118 million or 50% of revenue. • SG&A expense of $86 million or 36% of revenue. • Net loss of $(77) million or (33)% of revenue. • Adjusted EBITDA 2 of $73 million or 31% of revenue. • Net cash provided by operating activities of $32 million. • Capital expenditures of $10 million. • Free cash flow 1 of $23 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1848416/000162828024011507/0001628280-24-011507-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2023"},{"label":"Revenue","value":"$237 million"},{"label":"Net income","value":"$(77) million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}