secwatch / observer

Verano Holdings Corp. — fact timeline

Source-grounded facts extracted from Verano Holdings Corp.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

VRNO Verano Holdings Corp. JSON
Earnings Releases

Verano Holdings Corp. reported the quarter ended March 31, 2026 results: revenue $208 million, net income $(18) million. Guidance reaffirmed.

“Revenues, net of discounts, of $208 million, an increase of 1% versus the prior quarter, and a decrease of 1% year-over-year. • Gross profit of $99 million or 48% of revenue. • SG&A expenses of $86 million or 41% of revenue. • Net Loss of $(18) million or (9)% of revenue.”
Material Agreements

Verano Holdings Corp. amended First Amendment with Chicago Atlantic Admin, LLC (effective 2026-01-12).

“On January 12, 2026, Verano Holdings Corp., a Nevada corporation (the “ Company ”), entered into a First Amendment (the “ First Amendment ”) to Credit Agreement and Omnibus First Amendment to Credit Documents, to amend the Credit Agreement (the “ Revolver ”) and related credit documents initially entered into on September 30, 2025, by and among the Company, as a guarantor, certain subsidiaries of the Company from time-to-time party thereto, as borrowers, lenders from time-to-time party thereto, and Chicago Atlantic Admin, LLC, a Delaware limited liability company, as administrative agent for the lenders.”
Governance Changes

Verano Holdings Corp.: The company adopted new bylaws effective upon the continuance from British Columbia to Nevada (effective 2025-11-04).

“In addition, the Company adopted bylaws, which became effective on the Effective Date, a copy of which is attached hereto as Exhibit 3.3 (the " Bylaws ").”
Governance Changes

Verano Holdings Corp.: The company continued from British Columbia to Nevada, adopting new Articles of Incorporation and Bylaws, and adjusting its capital structure by exchanging Subordinate Voting Shares for Common Stock (effective 2025-11-04).

“In connection with the Continuance, the Company filed with the Secretary of State of the State of Nevada: (i) the Articles of Domestication, a copy of which is attached hereto as Exhibit 3.1 and incorporated herein by reference; and (ii) the Articles of Incorporation, a copy of which is attached hereto as Exhibit 3.2 and incorporated herein by reference. In addition, the Company adopted bylaws, which became effective on the Effective Date, a copy of which is attached hereto as Exhibit 3.3 (the " Bylaws ").”
Debt Financings

Verano Holdings Corp. incurred revolving credit of $75,000,000 with Chicago Atlantic Admin, LLC at one-month Term SOFR (subject to a minimum 4% SOFR floor) plus 6% maturing September 29, 2028.

“The Revolver provides for a $75,000,000 revolving loan facility, $50,000,000 of which was drawn upon the Closing Date”

Richard Tarapchak was appointed as Chief Financial Officer at Verano Holdings Corp..

“On April 11, 2025, Richard Tarapchak was promoted and appointed as the Chief Financial Officer of the Company and its subsidiaries and was designated as the Company’s Principal Financial Officer.”

Brett Summerer resigned as Chief Financial Officer at Verano Holdings Corp..

“On April 14, 2025, Verano Holdings Corp., a British Columbia corporation (the “ Company ”), announced that Brett Summerer resigned as Chief Financial Officer of the Company and from all officer and other positions with its subsidiaries.”
Earnings Releases

Verano Holdings Corp. reported the first quarter ended March 31, 2024 results: revenue $221 million, net income $(5) million.

“document filed under the Securities Act of 1933, as amended, or the Exchange Act. --- EX-99.1 (EX-99.1) --- Verano Announces First Quarter 2024 Financial Results Generated $221 Million in Revenue, Exceeding Guidance Increased Gross Profit Margin by Nearly 300 Basis Points Year Over Year CHICAGO, May 8, 2024 (GLOBE NEWSWIRE) – Verano Holdings Corp. (Cboe CA:”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.