v3.26.1
Unaudited Interim Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOW FROM OPERATING ACTIVITIES    
Net loss attributable to Verano Holdings Corp. and Subsidiaries $ (17,823) $ (11,515)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 29,188 31,791
Right-of-use assets amortization 3,010 2,965
Loss on disposal of property, plant and equipment 27 84
Gain on deconsolidation 0 (4,739)
Loss on debt extinguishment 5,738 63
Stock-based compensation 2,209 3,303
Other, net 3,562 4,534
Changes in assets and liabilities:    
Accounts receivable, net (1,703) (1,696)
Inventory (5,745) (8,493)
Income tax receivable 690 (3,896)
Accounts payable (5,713) 7,565
Income tax payable (812) (19,903)
Uncertain tax positions 13,025 13,193
Deferred income taxes 42 (1,122)
Other assets, net 8,613 (1,318)
Other liabilities, net (15,721) (9,030)
NET CASH PROVIDED BY OPERATING ACTIVITIES 18,587 1,786
CASH FLOW FROM INVESTING ACTIVITIES    
Purchases of property, plant and equipment (14,937) (13,864)
Proceeds from disposal of assets 30 22
Proceeds from deconsolidation 0 9,071
NET CASH USED IN INVESTING ACTIVITIES (14,907) (4,771)
CASH FLOW FROM FINANCING ACTIVITIES    
Proceeds from Credit Facility 195,000 0
Proceeds from issuance of debt 50,000 12,000
Repayments on Credit Facility (240,550) 0
Payment of deferred acquisition price payable (125) (333)
Principal repayments of debt (901) (7,130)
Debt issuance costs paid (11,337) (456)
Payment of debt extinguishment (4,345) 0
Distributions paid to non-controlling interest holders 0 (4,672)
Other financing activities (120) 0
NET CASH USED IN FINANCING ACTIVITIES (12,378) (591)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (8,698) (3,576)
Effects of exchange rate fluctuations on cash and cash equivalents 0 0
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 82,724 87,796
CASH AND CASH EQUIVALENTS, END OF PERIOD 74,026 84,220
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest paid, net 11,072 12,055
NONCASH INVESTING AND FINANCING ACTIVITIES    
Debt extinguishment in connection with deconsolidation $ 0 $ 1,146