secwatch.observer — SEC 8-K summary
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Issuer:     Verano Holdings Corp. (VRNO)
CIK:        0001848416
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001628280-24-045928
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1848416/000162828024045928/0001628280-24-045928-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1848416/000162828024045928/vrnof-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-045928

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