---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-045928"
form_type: "8-K"
ticker: "VRNO"
cik: "0001848416"
company_name: "Verano Holdings Corp."
filed_at: "2024-11-07T23:59:59+00:00"
generated_at: "2026-05-30T03:51:22.203956+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Verano Q3 revenue $217M (-10% YoY), net loss widens to $43M, Adj. EBITDA $64M

## Summary
- Revenue fell 9.7% YoY to $216.7M; net loss of $42.6M vs. $17.8M loss in Q3 2023.
- Adjusted EBITDA dropped to $64.5M (30% margin) from $89.3M (37% margin) a year ago.
- Opened 2 new MÜV dispensaries in Florida (total 79) and converted Ohio stores to adult-use.
- Completed acquisition of Cannabist Company's Arizona and Virginia subsidiaries.
- Guidance: expects Q4 trends similar to Q3; net cash from ops YTD $69M vs. $77M.

## SEC filing metadata
- accession: 0001628280-24-045928
- form_type: 8-K
- ticker: VRNO
- cik: 0001848416
- company_name: Verano Holdings Corp.
- filed_at: 2024-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1848416/000162828024045928/0001628280-24-045928-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1848416/000162828024045928/vrnof-20241107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-045928
- JSON: https://secwatch.observer/filing/0001628280-24-045928.json
- Plain text: https://secwatch.observer/filing/0001628280-24-045928.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.