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Consolidated Statement of Operations - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues, net of discounts $ 879,412,000 $ 737,850,000 $ 228,530,000
Cost of Goods Sold, net 456,350,000 406,831,000 92,961,000
Gross Profit 423,062,000 331,019,000 135,569,000
Selling, General and Administrative Expenses 356,569,000 270,929,000 43,263,000
Loss on Impairment of Intangibles – Goodwill 113,031,000 0 0
Loss on Impairment of Intangibles – License 116,151,000 0 0
Total Operating Expenses 585,751,000 270,929,000 43,263,000
Operating Income (Loss) (161,131,000) 64,713,000 94,998,000
Other Income (Expense)      
Loss on Disposal of Property, Plant and Equipment (157,000) (1,085,000) (1,655,000)
Gain/(Loss) on Deconsolidation 9,560,000 0 (189,000)
Gain on Previously Held Equity Interest 14,103,000 0 457,000
Amortization of Debt Issuance Costs for Warrant 0 0 (3,018,000)
Amortization of Convertible Debt Discount 0 0 (2,912,000)
Loss on Debt Extinguishment (7,987,000) 0 0
Interest Expense, net (49,431,000) (24,270,000) (4,528,000)
Other Income (Expense), net 31,640,000 9,632,000 (701,000)
Total Other Expense (2,272,000) (15,723,000) (12,546,000)
Income (Loss) Before Provision for Income Taxes and Non-Controlling Interest (163,403,000) 48,990,000 82,452,000
Provision For Income Taxes (105,470,000) (103,988,000) (42,296,000)
Net Income (Loss) Before Non-Controlling Interest (268,873,000) (54,998,000) 40,156,000
Net Income Attributable to Non-Controlling Interest 291,000 2,509,000 1,755,000
Net Income (Loss) Attributable to Verano Holdings Corp. & Subsidiaries $ (269,164,000) $ (57,507,000) $ 38,401,000
Net Income (Loss) per share - basic (in dollars per share) $ (0.81) $ (0.20) $ 0.15
Net Income (Loss) per share - diluted (in dollars per share) $ (0.81) $ (0.20) $ 0.14
Basic - weighted average shares outstanding (in shares) 331,409,315 290,443,432 263,919,366
Diluted - weighted average shares outstanding (in shares) 331,409,315 290,443,432 270,719,280
Consolidated VIE      
Operating Income (Loss) $ 1,558,000 $ 4,623,000 $ 2,692,000