---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-046910"
form_type: "8-K"
ticker: "VRNO"
cik: "0001848416"
company_name: "Verano Holdings Corp."
filed_at: "2025-10-29T23:59:59+00:00"
generated_at: "2026-05-17T01:42:49.466138+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Verano Q3 revenue drops 6% YoY to $203M; net loss $44M, Adj EBITDA $53M

## Summary
- Revenue $202.8M, down from $216.7M YoY; gross profit margin 47% vs 50% a year ago.
- Net loss attributable $43.8M (22% of revenue); includes $5M impairment and $10M legal contingencies.
- Adjusted EBITDA $53.1M (26% of revenue), down from $64.5M in Q3 2024.
- Shareholders approved redomicile from Canada to Nevada; board approved, pending BC registrar strike.
- Secured $75M revolver; drew $50M to retire higher-rate debt; working capital $242M, cash $83M.

## SEC filing metadata
- accession: 0001628280-25-046910
- form_type: 8-K
- ticker: VRNO
- cik: 0001848416
- company_name: Verano Holdings Corp.
- filed_at: 2025-10-29T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1848416/000162828025046910/0001628280-25-046910-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1848416/000162828025046910/vrnof-20251029.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-046910
- JSON: https://secwatch.observer/filing/0001628280-25-046910.json
- Plain text: https://secwatch.observer/filing/0001628280-25-046910.txt

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