The Company presents basic earnings (losses) per share. Basic earnings (losses) per share is calculated by dividing the earnings (loss) attributable to stockholders by the weighted average number shares of Common Stock outstanding during the periods presented. Diluted earnings (losses) per share is computed based on the weighted average number of shares of Common Stock outstanding, to the extent dilutive.

The computations of net earnings (loss) per share on a basic and diluted basis, including reconciliations of the numerators and denominators, for the three months ended March 31, 2026 and March 31, 2025 were as follows:


	For the Three Months Ended March 31,
	2026		2025
Numerator
Net Loss attributable to Verano Holdings Corp.	$	(17,823)	$	(11,515)

Denominator
Basic
Weighted-average shares outstanding – basic	363,366,348		359,145,607

Diluted
Weighted-average shares outstanding – diluted	363,366,348		359,145,607

Net Loss per share - basic & diluted	(0.05)		(0.03)

For the three months ended March 31, 2026 and March 31, 2025, outstanding restricted stock units (“RSUs”) of approximately 2,586,527 and 6,162,724, respectively, were anti-dilutive under the treasury stock method and were excluded from the computation of diluted earnings (loss) per share. These awards may be dilutive in the future.