XML 13 R3.htm IDEA: XBRL DOCUMENT v3.22.2.2
Unaudited Interim Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues, net of Discounts $ 227,588 $ 206,469 $ 653,485 $ 526,430
Cost of Goods Sold, net 104,594 108,268 333,759 304,729
Gross Profit 122,994 98,201 319,726 221,701
Selling, General, and Administrative Expenses 85,710 76,477 275,531 189,155
Operating Income (Loss) 37,075 23,013 45,846 35,283
Other Income (Expense):        
Gain (loss) on Disposal of Property, Plant and Equipment 1,443 (9) 251 (438)
Gain on Deconsolidation 75 0 9,560 0
Gain on Previously Held Equity Interest 175 0 14,103 0
Interest Expense, net (11,785) (8,113) (34,082) (15,314)
Other Income (Expense), net (595) 233 17,557 (764)
Total Other Income (Expense) (10,687) (7,889) 7,389 (16,516)
Net Income Before Provision for Income Taxes and Non-Controlling Interest 26,388 15,124 53,235 18,767
Provision For Income Taxes (69,381) (27,086) (105,998) (66,939)
Net Loss Before Non-Controlling Interest (42,993) (11,962) (52,763) (48,172)
Net Income Attributable to Non-Controlling Interest 0 551 291 1,915
Net Loss Attributable to Verano Holdings Corp. $ (42,993) $ (12,513) $ (53,054) $ (50,087)
Net Loss per share - basic (in dollars per share) $ (0.13) $ (0.04) $ (0.16) $ (0.18)
Net Loss per share - diluted (in dollars per share) $ (0.13) $ (0.04) $ (0.16) $ (0.18)
Basic - weighted average shares outstanding (in shares) 332,872,464 313,674,044 329,240,200 281,961,659
Diluted - weighted average shares outstanding (in shares) 332,872,464 313,674,044 329,240,200 281,961,659
Consolidated VIE        
Operating Income (Loss) $ (209) $ 1,289 $ 1,651 $ 2,737