secwatch.observer — SEC 8-K summary
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Issuer:     Verano Holdings Corp. (VRNO)
CIK:        0001848416
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0001628280-25-023440
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1848416/000162828025023440/0001628280-25-023440-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1848416/000162828025023440/vrnof-20250508.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-023440

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