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Overview

* Verano Q3 revenue fell year-over-year due to price

compression

and competition

* Net loss for Q3 increased due to impairment and legal

contingencies

* Company secured $75 mln credit facility to manage debt

without

prepayment penalty

Outlook

* Company did not provide specific financial guidance for

the

upcoming quarter or year

Result Drivers

* PRICE COMPRESSION - Revenue decline attributed to ongoing

price

compression and competition

* PROMOTIONAL ACTIVITY - Gross profit decline due to

increased

promotional activity and higher costs of goods sold

* COST EFFICIENCIES - SG&A expenses reduced by efficiencies

and

lower depreciation and amortization

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $203 mln

Revenue

Q3 $53 mln

Adjusted

EBITDA

Q3 Capex $8 mln

Q3 Gross $95 mln

Profit

Press Release:

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contact .

(This story was created using Reuters automation and AI based

on LSEG and company data. It was checked and edited by a Reuters

journalist prior to publication.)