secwatch.observer — SEC 8-K summary
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Issuer:     Verano Holdings Corp. (VRNO)
CIK:        0001848416
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001628280-24-021327
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verano Q1 revenue $221M falls 3% YoY; net loss narrows to $5M
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- Revenue $221M, down 3% YoY and 7% sequentially, exceeding guidance.
- Gross profit $113M (51% of revenue), up from 48% in Q1 2023.
- Net loss $5M vs $9M in Q1 2023; Adjusted EBITDA $67M (30% of revenue).
- SG&A $90M (41% of revenue), up from 33% a year ago on store openings.
- Q2 2024 guidance: flat to low single-digit revenue growth; prepaid $50M debt after quarter end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1848416/000162828024021327/0001628280-24-021327-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1848416/000162828024021327/vrnof-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-021327

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