Verano Holdings Corp. (TSE:VRNO) has released an update.
Verano Holdings Corp. has reported a strong fiscal year with record revenues reaching $938 million, a 7% increase from the previous year, and a substantial free cash flow of $73 million. Despite a net loss, the company saw a 16% rise in net cash from operating activities, totaling $110 million. The revised financial results include an impairment related to their Massachusetts cultivation facility, affecting net income and assets.
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