EARNINGS (LOSSES) PER SHARE

9 Months Ended

Sep. 30, 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 and nine months ended September 30, 2024 and September 30, 2023 were as follows:


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Numerator
Net Loss attributable to Verano Holdings Corp.	$	(42,567)	$	(17,842)	$	(69,153)	$	(40,140)

Denominator
Basic
Weighted-average shares outstanding – basic	351,168,596		343,432,601		346,727,978		342,484,942

Diluted
Weighted-average shares outstanding – diluted	351,168,596		343,432,601		346,727,978		342,484,942

Net Loss per share - basic & diluted	$	(0.12)	$	(0.05)	$	(0.20)	$	(0.12)

Potentially dilutive securities of approximately 2,223,321 and 3,672,228 for the three and nine months ended September 30, 2024, respectively, were not included in the computation of diluted earnings per share because their effect would have been anti-dilutive.