Verano Holdings Q2 $222M Revenue In Line QoQ, Net Loss Widens To $22M Ahead of Cannabist Co. Acquisition
Verano Holdings Q2 $222M Revenue In Line QoQ, Net Loss Widens To $22M Ahead of Cannabist Co. Acquisition
Chicago-based multi-state cannabis operator Verano Holdings Corp. (OTCQX:VRNOF) reported its financial results Wednesday for the second quarter ended June 30, 2024. The company disclosed revenues of $222 million, up 0.5% sequentially and meeting its guidance. On a year-over-year basis, revenue dropped 5%.
總部位於芝加哥的跨足多個州份的大麻運營商corp（OTCQX:VRNOF）週三公佈了截至2024年6月30日第二季度的財務報告。公司公佈了22200萬美元的營業收入，按季度計增長0.5％，符合其指導方針。從同比的角度看，收入下降了5％。
Financial results follow the company's announcement to acquire significant assets from The Cannabist Company Holdings Inc. (OTCQX:CBSTF). The acquisition, strategic to expanding its national footprint, includes one of Cannabist's Virginia licenses, along with associated operations including all operations in Arizona.
本次財務報告發布之前，公司宣佈從大麻公司控股（OTCQX:CBSTF）中收購重要資產。 這筆收購是公司擴大國家業務版圖的戰略之一，其中包括Cannabist的弗吉尼亞州許可證以及所有在亞利桑那州的業務運營。
"Our second quarter performance was strong, highlighted by proactive measures we executed to further bolster the business, including authorization of a share repurchase program, capex investments, and subsequent to quarter end, strategic M&A that upon closure, will grant us vertical access to the Virginia market ahead of adult use," stated George Archos, Verano founder and chief executive officer.
“我們的第二季度表現強勁，突出表現爲我們執行的積極措施，包括授權股票回購計劃，資本支出，以及在季度結束後的戰略併購，使我們在成人用途之前獲得了垂直進入弗吉尼亞市場，”Verano創始人兼首席執行官George Archos表示。
"Looking ahead, we are prepared to leverage near-term catalysts including this week's launch of Ohio adult use sales, positive polling trends in Florida showing strengthening support of Amendment 3, ongoing adult use discussions in Pennsylvania, and continued rescheduling momentum at the federal level," Archos continued. "Adding Virginia to our portfolio and deepening our robust Arizona business also provides additional growth opportunities regardless of federal rescheduling timing and progress. We remain excited and confident in Verano's ability to continue driving long-term, sustainable growth throughout 2024 and beyond."
“展望未來，我們準備利用近期的催化劑，包括本週俄亥俄州成人用途的銷售啓動，佛羅里達州的民意測驗顯示對修正案3的支持逐漸增強，在賓夕法尼亞州進行持續的成人用途討論，以及聯邦層面繼續進行重新調度的勢頭，”Archos繼續說道。“將弗吉尼亞添加到我們的業務組合中並加強我們強大的亞利桑那業務，也爲無論聯邦重新調度的時間和進展如何都提供了額外的增長機會。我們對Verano能夠繼續在2024年和以後推動長期可持續增長感到興奮和自信。”
Read Also: Verano To Repurchase Up To $50M Of Its Shares Trading On Cboe Canada
另請閱讀：Verano通過在Cboe Canada上交易回購最多5000萬美元的股份
Second Quarter 2024 Financial Highlights
2024年第二季度財務亮點
- Gross profit amounted to $114.34 million or 51% of revenue, which compares to $115.19 million and 49% in the same quarter last year.
- Net loss was $(21.76) million or (10%) of revenue, compared to a net loss $(13.06) million in the corresponding period of 2023.
- Adjusted EBITDA was a gain of $70.59 million or 32% of revenue, which compares to adjusted EBITDA of $71.51 million in the second quarter of 2023.
- SG&A expenses reached $87 million or 39% of revenue, up from $85 million or 36% of revenue for the second quarter of 2023.
- Net cash provided by operating activities year to date was $39 million, down from $41 million for the prior year period.
- Capital expenditures year to date were $28 million, up from $17 million for the prior year period.
- 毛利潤爲1,143.4萬美元，佔收入的51％，而去年同期爲1,151.9萬美元，佔收入的49％。
- 淨虧損爲（2176）萬美元，相當於營業收入的（10％），而去年同期的淨虧損爲（1306）萬美元。
- 調整後的EBITDA爲7,059萬美元，佔收入的32％，而2023年第二季度的調整後EBITDA爲7,151萬美元。
- SG&A支出達到8700萬美元，佔收入的39％，高於2023年第二季度的8500萬美元收入的36％。
- 本年度迄今爲止經營活動提供的淨現金爲3900萬美元，低於上一年同期的4100萬美元。
- 本年度迄今爲止的資本支出爲2800萬美元，高於上一年同期的1700萬美元。
2024 Guidance
2024年度指導原則
The company is not issuing guidance given the timing and uncertainties surrounding the closing of the pending acquisitions of The Cannabist Company's operations.
由於即將完成Cannabist公司業務的收購，本公司不會提供預測。
As of June 30, 2024, the Verano's assets were $358 million, including cash and cash equivalents of $130 million. The company had a working capital deficit of $(3) million and total debt, net of issuance costs, of $396 million.
截至2024年6月30日，Verano的資產爲35800萬美元，包括現金及現金等價物13000萬美元。公司的流動資金短缺爲（3）萬美元，淨債務減發行費用爲39600萬美元。
Price Action
股價變動
Verano shares closed Tuesday market session 0.35% higher at $3.41 per share.
Verano股票收盤價爲3.41美元，上漲0.35％。
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譯文內容由第三人軟體翻譯。