Verano Holdings Corp.
said Thursday its fourth-quarter loss widened to $216 million from $7 million in the year-ago period. The company did not provide figures for loss per share. The Chicago-based cannabis company’s fourth-quarter loss includes a $229 million impairment charge, primarily of intangible assets related to its Arizona cultivation license and Pennsylvania and Arizona retail reporting units. Fourth-quarter revenue rose 7% to $225.93 million from $211.
said Thursday its fourth-quarter loss widened to $216 million from $7 million in the year-ago period. The company did not provide figures for loss per share. The Chicago-based cannabis company’s fourth-quarter loss includes a $229 million impairment charge, primarily of intangible assets related to its Arizona cultivation license and Pennsylvania and Arizona retail reporting units. Fourth-quarter revenue rose 7% to $225.93 million from $211.