secwatch.observer — SEC 8-K summary
======================================

Issuer:     Verano Holdings Corp. (VRNO)
CIK:        0001848416
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001628280-24-035348
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verano Q2 revenue $222M (-5% YoY), net loss widens to $22M; enters Virginia M&A and Ohio adult-use launch
--------------------------------------------------------------------------------

- Revenue $222M, down 5% YoY; up 0.5% sequentially, meeting guidance.
- Net loss $21.8M vs $13.1M loss last year, driven by non-cash loss on $50M debt prepayment.
- Adjusted EBITDA $70.6M (32% revenue), down from $71.5M prior year.
- Agreed to acquire The Cannabist Company's Eastern Virginia and Arizona operations post-quarter.
- Ohio adult-use sales began Aug 6; no FY2024 guidance due to pending M&A timing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1848416/000162828024035348/0001628280-24-035348-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1848416/000162828024035348/vrnof-20240807.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-035348

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