Recent Updates — VRNOF

Verano Holdings Corp. reported financial results for the quarter ended June 30, 2026, announcing $218 million in revenue, a 5% increase from the prior quarter and an 8% year-over-year gain. The company posted a net loss of $13.4 million, compared to a $19.2 million loss in the same period last year, while Adjusted EBITDA reached $51.2 million. Management highlighted improved operational cash flow of $31 million and noted the completion of a 1-for-5 reverse stock split aimed at facilitating a prospective U.S. exchange listing. Additionally, Verano announced a $20 million stock repurchase authorization and tightened its full-year capital expenditures guidance to between $40 million and $50 million. The company operates as a vertically integrated multi-state cannabis operator with retail dispensaries and production facilities across 13 states.