In an insightful live interview on Benzinga Cannabis Insider, president and CIO of Verano Holdings Corp VRNOF, Darren Weiss and Aaron Miles, unpacked the strategies propelling the robust growth demonstrated in its Q3 earnings report.
Hosted by Elliot Lane and Patricio Liddle, the conversation navigated towards the implications of these financial milestones for investors and stakeholders in the cannabis industry.
Catch the full discussion on Benzinga‘s YouTube channel:
Verano's Q3 Financial Highlights
- Gross profit amounted to $133.22 million, versus $115.19 million in the previous quarter and $123 million in the same period last year.
- Net loss was $17.84 million, significantly lower than in the third quarter of 2022 when it reached $43 million, but still higher than in the previous quarter when it amounted to $13.06 million.
- Adjusted EBITDA was a gain of $89.35 million, compared to $71.51 million in the second quarter.
- The third quarter has seen a free cash flow of $27 million
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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