secwatch.observer — SEC 8-K summary
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Issuer:     Verano Holdings Corp. (VRNO)
CIK:        0001848416
Form:       8-K/A
Filed at:   2024-03-15T23:59:59+00:00
Accession:  0001628280-24-011507
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verano revises 2023 results: $9M impairment, net loss $117M, revenue $938M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1848416/000162828024011507/0001628280-24-011507-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1848416/000162828024011507/vrnof-20240229.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-011507

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