---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-008386"
form_type: "8-K"
ticker: "VRNO"
cik: "0001848416"
company_name: "Verano Holdings Corp."
filed_at: "2025-02-27T23:59:59+00:00"
generated_at: "2026-05-26T02:30:38.975615+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Verano Q4 revenue $218M (-8% YoY); net loss $273M from impairments; FY net loss $342M

## Summary
- Q4 revenue $218M, down 8% YoY; full year revenue $879M, down 6% YoY.
- Q4 net loss $273M vs loss $77M YoY, driven by fixed/ intangible asset impairments and fair value adjustments.
- Adjusted EBITDA Q4 $63M (29% revenue); full year $264M (30%); operating cash flow $112M in 2024.
- FY net loss $342M (39% revenue) compared to loss $117M (13% revenue) in 2023.
- 2025 capex guided $25-40M; operations span 13 states, 153 dispensaries, 15 production facilities.

## SEC filing metadata
- accession: 0001628280-25-008386
- form_type: 8-K
- ticker: VRNO
- cik: 0001848416
- company_name: Verano Holdings Corp.
- filed_at: 2025-02-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1848416/000162828025008386/0001628280-25-008386-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1848416/000162828025008386/vrnof-20250227.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-008386
- JSON: https://secwatch.observer/filing/0001628280-25-008386.json
- Plain text: https://secwatch.observer/filing/0001628280-25-008386.txt

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