Verano Announces Strong First Quarter 2026 Financial Results Highlighted by $208 Million in Revenue
Company generates revenue growth for second consecutive quarter driven by retail performance and announces $20 million share repurchase authorization CHICAGO, April 30, 2026 (GLOBE NEWSWIRE) -- Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX: VRNO) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced its financial results for the first quarter ended March 31, 2026, which were prepared in accordance with U.S. Generally Accepted Accounting Principles (“U.S. GAAP”). First Quarter 2026 Financial Highlights For the Three Months Ended, ($ in thousands) March 31, 2026 December 31, 2025 March 31, 2025 Revenues, net of Discounts 208,178 206,613 209,809 Gross Profit 98,976 105,695 99,581 Income (Loss) from Operations 13,099 (157,583 ) 15,002 Net Loss Attributable to Verano Holdings Corp. & Subsidiaries (17,823 ) (183,411 ) (11,515 ) Adjusted EBITDA1 49,004 55,534 54,398 First Quarter 2026 Financial Highlights Revenues, net of discounts, of $208 million, an increase of 1% versus the prior quarter, and a decrease of 1% year-over-year.