See more : Media Matrix Worldwide Limited (MMWL.BO) Income Statement Analysis – Financial Results
Complete financial analysis of Verano Holdings Corp. (VRNOF) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Verano Holdings Corp., a leading company in the Drug Manufacturers – Specialty & Generic industry within the Healthcare sector.
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Verano Holdings Corp. (VRNOF)
About Verano Holdings Corp.
Verano Holdings Corp. operates as a vertically integrated multi-state cannabis operator in the United States. It engages in the cultivation, processing, wholesale, and retail distribution of cannabis in Arizona, Arkansas, California, Connecticut, Florida, Illinois, Maryland, Massachusetts, Michigan, Missouri, Nevada, New Jersey, Ohio, Pennsylvania, and West Virginia. The company offers artisanal cannabis products under the Encore, Avexia, MUV, and Verano brands for medical and adult-use markets. As of May 10, 2022, it operated 96 retail dispensaries, and 13 cultivation and processing facilities. The company is headquartered in Chicago, Illinois.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 938.45M | 879.41M | 737.85M | 290.79M | 85.66M |
| Cost of Revenue | 463.25M | 456.35M | 403.29M | 118.29M | 38.86M |
| Gross Profit | 475.21M | 423.06M | 334.56M | 172.50M | 46.80M |
| Gross Profit Ratio | 50.64% | 48.11% | 45.34% | 59.32% | 54.63% |
| Research & Development | 0.00 | 1.17M | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 179.54M | 233.83K | 57.96K |
| Selling & Marketing | 0.00 | 0.00 | 8.64M | 0.00 | 1.20M |
| SG&A | 331.93M | 356.57M | 188.18M | 233.83K | 57.96K |
| Other Expenses | 58.49M | 116.15M | 41.78M | 0.00 | 0.00 |
| Operating Expenses | 390.12M | 472.72M | 229.97M | 233.83K | 57.96K |
| Cost & Expenses | 853.36M | 929.07M | 633.25M | 233.83K | 57.96K |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 59.79M | 49.43M | 24.27M | 13.31M | 5.64K |
| Depreciation & Amortization | 151.63M | 150.33M | 96.24M | 10.01M | 9.60M |
| EBITDA | 239.22M | 36.35M | 169.50M | 97.76M | 5.58M |
| EBITDA Ratio | 25.49% | 15.22% | 28.94% | -0.08% | -0.07% |
| Operating Income | 84.78M | -16.46M | 107.68M | -233.83K | -57.96K |
| Operating Income Ratio | 9.03% | -1.87% | 14.59% | -0.08% | -0.07% |
| Total Other Income/Expenses | -56.99M | -2.27M | -19.88M | -9.85M | -5.64K |
| Income Before Tax | 27.80M | -163.40M | 91.96M | -249.02K | -63.60K |
| Income Before Tax Ratio | 2.96% | -18.58% | 12.46% | -0.09% | -0.07% |
| Income Tax Expense | 145.15M | 105.47M | 104.13M | 15.19K | -3.26K |
| Net Income | -117.35M | -268.87M | -12.17M | -264.22K | -60.34K |
| Net Income Ratio | -12.50% | -30.57% | -1.65% | -0.09% | -0.07% |
| EPS | -0.34 | -0.81 | -0.04 | 0.00 | 0.00 |
| EPS Diluted | -0.34 | -0.81 | -0.04 | 0.00 | 0.00 |
| Weighted Avg Shares Out | 344.07M | 331.41M | 287.54M | 290.00M | 290.00M |
| Weighted Avg Shares Out (Dil) | 342.77M | 331.41M | 290.44M | 290.00M | 290.00M |
Verano Commences Adult Use Cannabis Sales at Zen Leaf™ Waterbury in Connecticut
Zen Leaf Waterbury Completes the Conversion of All Five Connecticut Zen Leaf Dispensaries from Medical to Hybrid Sales Situated in Connecticut's fifth largest city with 115,000 residents1, Zen Leaf Waterbury is conveniently located at 237 East Aurora Street near the...
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CHICAGO, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced the grand opening of Zen Leaf Arcadia in Phoenix, AZ, on Friday, September 27th,...
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Verano Elevates Florida Retail Footprint to 79 Dispensaries with the Openings of MÜV Melbourne and MÜV Okeechobee
CHICAGO, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company, announced today the openings of MÜV Melbourne and MÜV Okeechobee on Friday, September 13, raising the...
Source: https://incomestatements.info
Category: Stock Reports