EARNINGS (LOSSES) PER SHARE

9 Months Ended

Sep. 30, 2022


6.EARNINGS (LOSSES) PER SHARE

The Company presents basic earnings (losses) per share. Basic earnings (losses) per share is calculated by dividing the earnings (loss) attributable to shareholders by the weighted average number of Subordinate Voting Shares (with outstanding Proportionate Voting Shares accounted for on an as converted to Subordinate Voting Shares basis) outstanding during the periods presented.

The computations of net earnings (loss) per share on a basic basis, including reconciliations of the numerators and denominators, for the three and nine months ended September 30, 2022 and September 30, 2021 were as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Numerator
Net Loss attributable to Verano Holdings Corp.	$	(42,993)	$	(12,513)	$	(53,054)	$	(50,087)

Denominator
Basic
Pre-RTO weighted-average shares outstanding	—		—		—		158,203,932
Post-RTO weighted-average shares outstanding	—		313,674,044		—		303,832,637
Weighted-average shares outstanding – basic	332,872,464		313,674,044		329,240,200		281,961,659

Diluted
Pre-RTO weighted-average shares outstanding	—		—		—		158,203,932
Post-RTO weighted-average shares outstanding	—		313,674,044		—		303,832,637
Weighted-average shares outstanding – diluted	332,872,464		313,674,044		329,240,200		281,961,659

Net Loss per share - basic	$	(0.13)	$	(0.04)	$	(0.16)	$	(0.18)
Net Loss per share - diluted	$	(0.13)	$	(0.04)	$	(0.16)	$	(0.18)

Potentially dilutive securities of approximately 1,537,789 for the three and nine months ended September 30, 2022 were not included in the computation of diluted earnings per share because their effect would have been anti-dilutive.