Verano Holdings Corp. 8K

Verano Holdings Corp. furnished second quarter 2026 results showing higher revenue, improved cash flow, continued net losses, and strategic capital markets actions including a reverse stock split and share repurchases to support potential U.S. exchange listing and future growth.

Verano Holdings Corp. reported its U.S. GAAP financial and operating results for the quarter ended June 30, 2026, highlighting $218 million in revenue (up 5% sequentially and 8% year-over-year), $100 million in gross profit (46% margin), a narrowed net loss of $13 million (6% of revenue), and Adjusted EBITDA of $51 million (24% margin), along with $31 million of operating cash flow and $12 million of capital expenditures. Management emphasized continued organic growth, three consecutive quarters of revenue gains, and balance sheet fortification, while outlining strategic capital markets actions including a completed 1-for-5 reverse stock split, the repurchase of $2 million of common stock and a new $20 million stock repurchase authorization, plus initiatives to position the company for potential U.S. exchange listing and anticipated industry catalysts such as U.S. federal medical cannabis rescheduling and the forthcoming Virginia adult-use market. Operationally, Verano expanded its Florida retail footprint to 86 locations (163 nationwide), provided updated 2026 capex guidance of $40–50 million, and disclosed a June 30, 2026 balance sheet with $85 million in cash, $295 million of working capital, and $393 million of net debt, alongside 73,217,970 shares of common stock outstanding.

Filing Facts

CIK

1848416

Ticker

-

Form

8K

Source Type

sec

Accession

0001628280-26-052918

Alert Tier

6