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Unaudited Interim Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Revenues, net of Discounts $ 240,088 $ 227,588 $ 701,263 $ 653,485
Cost of Goods Sold, net 106,868 104,594 343,668 333,759
Gross Profit 133,220 122,994 357,595 319,726
Operating Expenses        
Selling, General, and Administrative Expenses 86,316 85,710 246,224 275,531
Loss on Impairment - Investment in Associates 6,571 0 6,571 0
Total Operating Expenses 92,887 85,710 252,795 275,531
Income (Loss) from Investments in Associates (45) (209) (306) 1,651
Income from Operations 40,288 37,075 104,494 45,846
Other Income (Expense), net:        
Gain (Loss) on Disposal of Property, Plant and Equipment (234) 1,443 (555) 251
Gain on Deconsolidation 0 75 0 9,560
Gain on Previously Held Equity Interest 0 175 0 14,103
Loss on Debt Extinguishment 0 0 (663) 0
Interest Expense, net (15,166) (11,785) (45,084) (34,082)
Other Income (Expense), net 2,145 (595) 2,542 17,557
Total Other Income (Expense), net (13,255) (10,687) (43,760) 7,389
Income Before Provision for Income Taxes and Non-Controlling Interest 27,033 26,388 60,734 53,235
Provision For Income Taxes (44,797) (69,381) (100,796) (105,998)
Net Loss Before Non-Controlling Interest (17,764) (42,993) (40,062) (52,763)
Net Income Attributable to Non-Controlling Interest 78 0 78 291
Net Loss Attributable to Verano Holdings Corp. & Subsidiaries $ (17,842) $ (42,993) $ (40,140) $ (53,054)
Net Loss per share - basic (in dollars per share) $ (0.05) $ (0.13) $ (0.12) $ (0.16)
Net Loss per share - diluted (in dollars per share) $ (0.05) $ (0.13) $ (0.12) $ (0.16)
Basic - weighted average shares outstanding (in shares) 343,432,601 332,872,464 342,484,942 329,240,200
Diluted - weighted average shares outstanding (in shares) 343,432,601 332,872,464 342,484,942 329,240,200