Verano Q2 revenue $202M (-9% YoY), net loss $19M; President Darren Weiss resigns

Verano Holdings Corp.

2025-Q2 EPS reported -$0.09 revenue$412,081,000

Revenue $202M, down from $222M Q2'24; net loss $19M vs $22M prior year.
Adjusted EBITDA $66M (33% margin) vs $71M (32% margin) prior year.
Gross margin 56% improved sequentially from 47% in Q1'25.
President Darren Weiss resigns to pursue opportunities outside North America; will serve as consultant with right of first refusal.
Cash $69M; debt $403M; new CFO Richard Tarapchak promoted.

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