Verano Holdings Corp. Files 8-K

TL;DR

Verano Holdings filed an 8-K, but the details are scarce. Keep an eye out for more info.

AI Summary

Verano Holdings Corp. filed an 8-K on March 25, 2024, reporting "Other Events." The filing does not contain specific details about the nature of these events, dollar amounts, or definitive dates beyond the filing date itself. The company is incorporated in British Columbia and has its principal executive offices in Chicago, Illinois.

Why It Matters

This 8-K filing indicates Verano Holdings Corp. has reported an event requiring immediate disclosure to the SEC, though the specifics are not detailed in the provided text.

Risk Assessment

Risk Level: low — The filing is a standard 8-K for 'Other Events' without immediate negative or positive financial disclosures, making the immediate risk low.

Key Players & Entities

• Verano Holdings Corp. (company) — Registrant
• 0001848416 (company) — Central Index Key
• 000-56342 (company) — Commission File Number
• 98-1583243 (company) — IRS Employer Identification No.
• 224 W Hill Street, Suite 400, Chicago, Illinois 60610 (company) — Principal Executive Offices Address
• March 25, 2024 (date) — Date of Report

FAQ

Key Financial Figures

• $59,200 thousand — for the year ended December 31, 2023 is $59,200 thousand and not $23,677 thousand as originally
• $23,677 thousand — er 31, 2023 is $59,200 thousand and not $23,677 thousand as originally reported in the Form 10-K

Filing Documents

• vrnof-20240325.htm (8-K) — 22KB
• 0001628280-24-012926.txt ( ) — 130KB
• vrnof-20240325.xsd (EX-101.SCH) — 2KB
• vrnof-20240325_lab.xml (EX-101.LAB) — 19KB
• vrnof-20240325_pre.xml (EX-101.PRE) — 11KB
• vrnof-20240325_htm.xml (XML) — 2KB

01 Other Events

Item 8.01 Other Events Cabbage Club On March 20, 2024, Verano Holdings Corp. (the "Company") announced the launch of Cabbage Club. This is the first nationwide proprietary multi-state cannabis membership club, offering consumers the opportunity to join to unlock exclusive benefits, including monthly store credits, coupons, merchandise, early access to product drops, line-skipping privileges, special event access, concierge service and more. The Company believes that Cabbage Club demonstrates its focus on innovation, differentiation and disruption. The program will commence on April 1, 2024 at the Company's retail dispensaries in New Jersey and Illinois, and is expected to expand to other locations during 2024. Consumers can join the Cabbage Club at different price points and can join as founding members. Supplemental Disclosure in Consolidated Statements of Cash Flows Due to a clerical error, the Company understated "Interest paid" for 2023 which was presented as supplemental disclosure in the Consolidated Statements of Cash Flows in its Annual Report on Form 10-K for the year ended December 31, 2023 and filed with the U.S. Securities and Exchange Commission on March 15, 2024 (the "Form 10-K"). The correct amount of "Interest paid" for the year ended December 31, 2023 is $59,200 thousand and not $23,677 thousand as originally reported in the Form 10-K. The error was limited to the "Interest paid" line item and did not affect any other reported numbers included in the Form 10-K.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Dated: March 25, 2024 By: /s/ Brett Summerer Name: Brett Summerer Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR