EARNINGS (LOSSES) PER SHARE

12 Months Ended

Dec. 31, 2024


7. EARNINGS (LOSSES) PER SHARE

The Company presents basic earnings (losses) per share. Basic earnings (losses) per share is calculated by dividing the earnings (loss) attributable to shareholders by the weighted average number of Subordinate Voting Shares (with outstanding Proportionate Voting Shares, if any, accounted for on an as converted to Subordinate Voting Shares basis) outstanding during the periods presented. Diluted earnings (losses) per share is computed based on the weighted average number of Subordinate Voting Shares (with outstanding Proportionate Voting Shares, if any, accounted for on an as converted to Subordinate Voting Shares basis) outstanding, to the extent dilutive.

The computations of net earnings (losses) per share, on a basic basis and diluted basis, including reconciliations of the numerators and denominators, for the years ended December 31, 2024, 2023 and 2022 were as follows:


	For the Years Ended December 31,
	2024		2023		2022
Numerator
Net Loss attributable to Verano Holdings Corp.	$	(341,859)	$	(117,348)	$	(269,164)

Denominator
Basic
Weighted-average shares outstanding – basic	349,584,820		342,774,236		331,409,315

Diluted
Weighted-average shares outstanding – diluted	349,584,820		342,774,236		331,409,315

Net Loss per share - basic & diluted	$	(0.98)	$	(0.34)	$	(0.81)

Potentially dilutive securities of approximately 1,215,720 and 2,329,116 for the years ended December 31, 2024 and December 31, 2023, respectively, were not included in the computation of diluted earning (losses) per share because their effect would have been anti-dilutive.