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Unaudited Interim Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues, net of Discounts $ 223,662 $ 199,066 $ 425,897 $ 319,961
Cost of Goods Sold, net 125,547 129,856 229,165 196,461
Gross Profit 98,115 69,210 196,732 123,500
Selling, General, and Administrative Expenses 100,263 70,013 189,824 112,679
Operating Income (Loss) (2,292) (158) 8,768 12,269
Other Income (Expense):        
Loss on Disposal of Property, Plant and Equipment (203) (429) (1,192) (429)
Gain (Loss) on Deconsolidation (73) 0 9,485 0
Gain (Loss) on Previously Held Equity Interest (171) 0 13,928 0
Interest Expense, net (11,624) (5,434) (22,295) (7,201)
Other Income (Expense), net 15,619 (131) 18,153 (997)
Total Other Income (Expense) 3,548 (5,994) 18,079 (8,627)
Net Income (Loss) Before Provision for Income Taxes and Non-Controlling Interest 1,256 (6,152) 26,847 3,642
Provision For Income Taxes (11,103) (23,438) (36,617) (39,852)
Net Loss Before Non-Controlling Interest (9,847) (29,590) (9,770) (36,210)
Net Income Attributable to Non-Controlling Interest 0 98 291 1,364
Net Loss Attributable to Verano Holdings Corp. $ (9,847) $ (29,688) $ (10,061) $ (37,574)
Net Loss per share - basic (in dollars per share) $ (0.03) $ (0.10) $ (0.03) $ (0.14)
Net Loss per share - diluted (in dollars per share) $ (0.03) $ (0.10) $ (0.03) $ (0.14)
Basic - weighted average shares outstanding (in shares) 328,519,193 300,715,671 327,402,503 265,842,657
Diluted - weighted average shares outstanding (in shares) 328,519,193 300,715,671 327,402,503 265,842,657
Consolidated VIE        
Operating Income (Loss) $ (144) $ 645 $ 1,860 $ 1,448