Verano Holdings Corp. announced its financial results for the third quarter ended September 30, 2026, in a press release furnished with an 8-K filing on October 29, 2026. The company reported net revenues of $212.4 million for the quarter, representing a 5% increase compared to the same period in 2025.
For the nine months ended September 30, 2026, Verano reported year-to-date net revenues of $638.5 million, a 4% increase year-over-year. The company reported a gross profit of $100.0 million for the quarter, or 47% of revenue, and $298.7 million for the year-to-date period.
Despite the revenue growth, the company reported a net loss of $4.1 million for the third quarter of 2026, compared to a net loss of $43.8 million in the prior year. For the nine-month period, the net loss was $35.3 million, a reduction from the $74.5 million loss reported in the prior year.
Verano reported a net cash provided by operating activities of $49.0 million for the third quarter of 2026, marking the highest level of operating cash flow in four years. Adjusted EBITDA for the quarter was $50.4 million, or 24% of revenue.
As of September 30, 2026, the company reported cash and cash equivalents of $102 million. The company also updated its 2026 capital expenditures guidance to a range of $54 million to $60 million.
Verano operates 163 dispensaries and 14 production facilities across 13 states. The company opened its 86th Florida dispensary, MÜV Bradfordville, during the quarter and entered the cannabis beverage category with the debut of its first national beverage brand, Easy Landings.
