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Verano Hldgs Corp
8/7/2025
Good day and thank you for standing by. Welcome to the Verano Second Quarter 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 11 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, George Arcos. Please go ahead.
Thank you and good morning, everyone.
Welcome to Verano Second Quarter 2025 Earnings Conference Call. I am joined today by George Arcos, founder and chief executive officer, Rich Tarabchuk, chief financial officer, and Aaron Miles, chief investment officer. During this call, we will discuss our business outlook and make forward-looking statements within the meaning of applicable US and Canadian securities laws, which are based on management's current assumptions and expectations. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance and achievements of the business, or developments in the company's industry to differ materially from those implied by such forward-looking statements. Actual events or results could differ considerably due to risks and uncertainties mentioned in our filings on EDGAR and CDAR, including our financial statements for the quarter ended June 30th, 2025. In addition, throughout today's discussion, we'll refer to non-GAAP financial measures that do not have any standardized meaning prescribed by GAAP. Management believes non-GAAP results are useful to enhance the understanding of the company's ongoing performance, but these are supplemental to and should not be considered in isolation from or the substitute for GAAP financial measures. These non-GAAP measures are defined in our earnings press release and available on our website at .barano.com, which also includes the reconciliation of these measures to their respective, most directly comparable GAAP financial measures. Lastly, all currency is in US dollars, unless otherwise noted. I'll now pass it over to George.
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