secwatch.observer — SEC 8-K summary
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Issuer:     Verano Holdings Corp. (VRNO)
CIK:        0001848416
Form:       8-K
Filed at:   2026-03-12T23:59:59+00:00
Accession:  0001628280-26-017007
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verano Q4 rev $207M, net loss $183M; closes $195M credit facility at 9.5%
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- Q4 2025 revenue $207M (+2% QoQ, -5% YoY); Adj. EBITDA $56M (27% margin).
- Full year 2025 revenue $822M (-6% YoY); net loss $258M; Adj. EBITDA $229M.
- Closed $195M senior secured term loan with Needham Bank at 9.5% floating rate, maturing 2029.
- Drew $50M from revolver to repay 2022 facility; year-end total debt net $400M.
- 2026 capex guidance $30-50M; highlights include Texas conditional license and Vireo settlement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1848416/000162828026017007/0001628280-26-017007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1848416/000162828026017007/vrnof-20260312.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-017007

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