---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-023440"
form_type: "8-K"
ticker: "VRNO"
cik: "0001848416"
company_name: "Verano Holdings Corp."
filed_at: "2025-05-08T23:59:59+00:00"
generated_at: "2026-05-22T05:30:24.656964+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-25-023440
- form_type: 8-K
- ticker: VRNO
- cik: 0001848416
- company_name: Verano Holdings Corp.
- filed_at: 2025-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1848416/000162828025023440/0001628280-25-023440-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1848416/000162828025023440/vrnof-20250508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-023440
- JSON: https://secwatch.observer/filing/0001628280-25-023440.json
- Plain text: https://secwatch.observer/filing/0001628280-25-023440.txt

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