EARNINGS (LOSSES) PER SHARE

3 Months Ended

Mar. 31, 2023

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, if any, accounted for on an as converted to Subordinate Voting Shares basis) outstanding during the periods presented. Diluted earnings (losses) per share is computed based on the weighted average number of Subordinate Voting Shares (with outstanding Proportionate Voting Shares, if any, accounted for on an as converted to Subordinate Voting Shares basis) outstanding, to the extent dilutive.

The computations of net earnings (loss) per share on a basic and diluted basis, including reconciliations of the numerators and denominators, for the three months ended March 31, 2023 and March 31, 2022 were as follows:


	Three Months Ended March 31,
	2023		2022
			(As Restated)
Numerator
Net Loss attributable to Verano Holdings Corp.	$	(9,237)	$	(214)

Denominator
Basic
Weighted-average shares outstanding – basic	341,478,860		326,285,814

Diluted
Weighted-average shares outstanding – diluted	341,478,860		326,285,814

Net Loss per share - basic	(0.03)		(0.00)
Net Loss per share - diluted	(0.03)		(0.00)

Potentially dilutive securities of approximately 365,774 for the three months ended March 31, 2023 were not included in the computation of diluted earnings per share because their effect would have been anti-dilutive.