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Verano” or the “ Company”) (CSE: VRNO) is pleased to announce that it has completed its previously announced bought deal private placement offering (the “ Offering”) of special warrants of the Company (the Special Warrants”) for gross proceeds of C$100,035,000. The Offering was co-led by Beacon Securities Limited and Canaccord Genuity Corp. on behalf of a syndicate of underwriters including Echelon Wealth Partners Inc. and Haywood Securities Inc. Pursuant to the Offering, the Company issued 3,510,000 Special Warrants at a price of $28.50 per Special Warrant. Each Special Warrant will entitle its holder to receive, for no additional consideration, and subject to adjustment, one (1) class A subordinate voting share of the Company upon the deemed exercise thereof in accordance with the terms of the special warrant indenture governing the Special Warrants.

United statesDebbie douglasDavid spreckmanGeorge archosAaron milesCanaccord genuity corpVerano holdingsCompany the specialVerano holdings corpCorporate communications retail marketingBeacon securitiesHaywood securities incEchelon wealth partners incBeacon securities limitedCanaccord genuityEchelon wealth partners