Verano Holdings Corp. (OTCQX:VRNOF) (CSE:VRNO) released its 2021 financial results which were prepared in accordance with U.S. GAAP.
In connection with the audit of its 2021 full year financial statements a change in consideration valuation resulted in a revaluation and reclassification of certain assets and liabilities related to acquisitions. Accordingly, the company restated and refiled on SEDAR its first, second and third quarter 2021 unaudited interim financial statements prepared in accordance with IFRS. As a result, shareholders equity reflects a favorable increase of $706,322. There is no impact to previously audited financials from 2019 and 2020.
