Verano Holdings Corp. is a large, vertically-integrated, multi-state cannabis operator in the U.S., devoted to the ongoing improvement of communal wellness by providing responsible access to regulated cannabis products. With a mission to address vital health and wellness needs, Verano produces a comprehensive suite of premium, innovative cannabis products sold under its portfolio of consumer brands: Verano, Avexia, Encore, and MÜV. The company’s portfolio encompasses 14 U.S. States, with active operations in 11, which includes nine production facilities comprising approximately 770,000 square feet of cultivation. Verano designs, builds, and operates dispensaries under retail brands Zen Leaf™ and MÜV™, delivering a cannabis shopping experience in both medical and adult-use markets.
Investors Note: Each Verano Class A subordinate voting share (“SVS”) entitles a holder thereof to one vote per share. Verano’s Class B proportionate voting shares (“PVS”), which are not publicly traded, entitle a holder thereof to 100 votes per share and, subject to certain restrictions, are convertible into SVS at a ratio of 100 SVS for every 1 PVS. There are 260,922,617.1138 SVS and 542,763.3466 PVS (convertible into 54,276,334.6600 SVS) issued and outstanding, or 315,198,951.7738 SVS issued and outstanding on an as-converted basis.