Verano Earnings + Call Notes
U.S. cannabis leader shares Q424 results.
$218.2m M Revs; est. $219.7M
$62.85M AEBITDA; est. $64.4M
$107.5M GP; est. $109.8M
Current operations span 13 states, comprised of 153 dispensaries and 15 production facilities with more than 1.1 million square feet of cultivation capacity.
“I am tremendously proud of our team’s resilience in 2024, a year in which we laid the foundation to strengthen and optimize our core business to pursue long-term growth. Throughout a dynamic 2024, we entered the valuable Virginia market, bolstered our footprint in Arizona, brought 17 new dispensaries online in six key markets, celebrated adult use sales in Ohio, and launched a series of exciting new products across the fastest-growing categories.
Looking ahead, we have a clear vision to harness innovation, automation and differentiation across all parts of the business to fuel our continued evolution, and never-ending pursuit of quality and excellence. I’m confident in our ability to move with speed and agility in pursuit of growth and look forward to continuing to build Verano into a cannabis powerhouse in 2025 and beyond.” CEO George Archos
Call Notes
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