Quarterly ResultAug 5, 2026, 07:17 AM
Verano Q2 Revenue $218M, Net Loss $(13)M; Cash Flow Improves
AI Summary
Verano Holdings Corp. reported its second-quarter 2026 financial results, with revenues reaching $218 million, marking its third consecutive quarter of revenue gains and an 8% year-over-year increase. The company achieved improved cash flow from operations totaling $31 million, despite reporting a net loss of $(13) million. Verano also executed strategic initiatives including a $2 million stock repurchase and a 1-for-5 reverse stock split to enhance its U.S. capital markets engagement.
Key Highlights
- Revenue, net of discounts, was $218 million, an 8% increase year-over-year.
- Net loss for the quarter was $(13) million, or (6)% of revenue.
- Adjusted EBITDA reached $51 million, representing 24% of revenue.
- Net cash provided by operating activities improved to $31 million.
- Repurchased $2 million of company stock during the quarter.
- Completed a 1-for-5 reverse stock split to advance U.S. exchange listing.
- Tightened 2026 capital expenditures guidance to $40 million to $50 million.
- Expanded retail footprint with two new dispensaries in Florida.
Price Impact
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