[PRESS RELEASE] – CHICAGO, Sept. 15, 2025 – Verano Holdings CorpVerano Holdings Corp. is a multi-state cannabis company. The company announced the board has approved the plan and will seek shareholder approval.
Verano believes redomiciling will allow it to better align its business and operations with those in the United States and simplify its regulatory and organizational structure there. These and other factors are explained in its preliminary proxy statement, filed with the U.S. Securities and Exchange Commission on Sept. 12 2025 and with SEDAR+ Canada (the “preliminary proxi statement”)
Verano CEO George Archos explained that the firm has been working to maximize shareholder value since its inception. “We have focused our efforts on enhancing our corporate structures and developing a strategy for capital markets to enable Verano capitalize on both near-term and long-term business growth,” Archos added. From our 2023 decision to go public, we have focused on ways to unlock shareholder value and create potential catalysts for the business. This includes enhancing Verano’s corporate structure and executing a capital markets strategy that positions Verano to capitalize on near-term growth opportunities. Cboe Canada allows you to list your company’s shares. “From our new Nevada-registered Nevada-based enterprise to our senior U.S. exchange, we’re ready to capitalize on opportunities for the benefit of the company and its shareholders.”
Verano Holdings Corp.’s relocation to the United States will not have a material impact on its current manufacturing and retail operations, which are spread across 13 U.S. States, including Chicago, where its corporate headquarters is located.
According to Verano’s plan of arrangement (the “continuance”), Verano is moving from British Columbia to Nevada. The issued and outstanding subordinate votes shares of Verano Holdings Corp., formed in British Columbia, will automatically be converted on a 1:1 basis into the Nevada common stocks of the Verano Holdings Corp. that has been continued. Stock options and restricted units of the company will each be converted into stock options or restricted stock shares, according to the provisions of the equity and stock incentive plan.
The preliminary proxy statement is filed as part of a proposal for a special shareholder meeting to discuss and, where deemed necessary, approve an arrangement plan implementing the continued. Board of Directors can decide at any point, even after shareholder approval has been received, to not proceed with the plan and complete the continuation.
After the completion of this continuance, Nevada common stocks will be traded on Cboe Canada under the existing ticker, “VRNO”, and quoted on OTCQX, under the symbol, “VRNOF.”
Verano Holdings Corp.’s Investor website provides more details about the company. https://investors.verano.com/.