secwatch.observer — SEC 8-K summary
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Issuer:     Verano Holdings Corp. (VRNO)
CIK:        0001848416
Form:       8-K
Filed at:   2025-02-27T23:59:59+00:00
Accession:  0001628280-25-008386
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1848416/000162828025008386/0001628280-25-008386-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1848416/000162828025008386/vrnof-20250227.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-008386

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