secwatch.observer — SEC 8-K summary
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Issuer:     Verano Holdings Corp. (VRNO)
CIK:        0001848416
Form:       8-K
Filed at:   2025-10-29T23:59:59+00:00
Accession:  0001628280-25-046910
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1848416/000162828025046910/0001628280-25-046910-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1848416/000162828025046910/vrnof-20251029.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-046910

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