EARNINGS (LOSSES) PER SHARE

3 Months Ended

Mar. 31, 2024

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, 2024 and March 31, 2023 were as follows:


	For the Three Months Ended March 31,
	2024		2023
Numerator
Net Loss attributable to Verano Holdings Corp.	$	(4,822)	$	(9,237)

Denominator
Basic
Weighted-average shares outstanding – basic	344,083,000		341,478,860

Diluted
Weighted-average shares outstanding – diluted	344,083,000		341,478,860

Net Loss per share - basic & diluted	(0.01)		(0.03)

Potentially dilutive securities of approximately 4,580,744 and 365,774 for the three months ended March 31, 2024 and March 31, 2023, respectively, were not included in the computation of diluted earnings per share because their effect would have been anti-dilutive.