Verano Q1 revenue $210M, down 5% YoY; net loss widens to $12M

Verano Holdings Corp.

2025-Q1 EPS reported -$0.03 revenue$209,809,000

Revenue $210M, down 5% YoY from $221M; down 4% sequentially from $218M.
Net loss $12M (5% of revenue) vs $5M loss in Q1 2024; Adjusted EBITDA $54M (26% revenue).
Gross profit $100M (47% margin) vs $113M (51%) YoY, on promotional activity and price compression.
Opened new dispensaries in FL and CT; secured $12M financing via owned CPG real estate.
Promoted Richard Tarapchak as CFO subsequent to quarter end.

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