This article provides Verano Holdings’ () Q3 financial results for the period ending September 30th, 2023.
Q3 Financial Highlights
(All currency numbers are in USD and compared to the previous quarter.)
- as a % of revenue: UP to 55.5% from 49.2%
- as a % of revenue: DOWN to 35.8% from 36.3%
- as a % of revenue: UP to 37.2% from 30.5%
For a detailed look at all the financial metrics related to Verano in the last quarter and for every year going back to 2018 go .
2023 Guidance
Key Q3 Operational Highlights
Current operations span 13 states, comprised of 135 dispensaries and 14 production facilities with more than one million square feet of cultivation capacity.
Management Commentary
George Archos, Verano Founder, Chairman and Chief Executive Officer, said:“I am tremendously proud of the strong results we delivered in the third quarter, highlighted by raising and tightening our free cash flow guidance range and generating record revenue, and the recent strategic elevation of our capital markets strategy by up-listing to Cboe Canada…I am grateful to our Verano team for their continued efforts to disrupt, innovate and differentiate Verano at every level of our business, and remain excited and confident for our growth prospects in the future.”
Stock Performance
Verano’s stock price is up marginally today as a result of its impressive Q3 financials (excluding the 35.9% increase in its Net Loss) but remains relatively unchanged in price YTD. More By This Author:
