Verano Announces Strong Third Quarter 2026 Financial Results Highlighted by $212 Million in Revenue and Year-Over-Year Organic Growth
Globe Newswire•29/10/2026•07:00 ET
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Key Highlights
- ➤Q3 revenue $212 million, up 5% year over year
- ➤Q3 net loss narrowed to $4 million from $44 million
- ➤Operating cash flow reached $49 million, up from $26 million
- ➤2026 capital expenditures guidance raised to $54 million-$60 million
- ➤Adjusted EBITDA fell to $50 million from $53 million year over year
Expert Statements
George Archos, Founder, Chairman and Chief Executive Officer of Verano Holdings Corp.
“I am proud of our teams for delivering another strong quarter, highlighted by a 5% increase in revenue, robust retail performance, and achieving our highest level of operating cash flow in four years,”
George Archos, Founder, Chairman and Chief Executive Officer of Verano Holdings Corp.
“With year-to-date revenue up 4% by quarter-end on an annual basis, and exciting seasonal products and promotions set to launch during the busy holiday season, the completion of several retail and CPG enhancement projects on schedule by year-end, and multiple catalysts on the horizon – including the exciting launch of retail adult use sales in Virginia – we aim to close 2026 on a high note, and look forward to hitting the ground running in what we anticipate will be an exciting year for Verano and the industry in 2027.”
Company generates revenue increase of $10 million, or 5%, and highest level of cash flow from operations in four years
CHICAGO, Oct. 29, 2026 (GLOBE NEWSWIRE) -- Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX: VRNO) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced its financial results for the third quarter ended September 30, 2026, which were prepared in accordance with U.S. Generally Accepted Accounting Principles (“U.S. GAAP”).
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