Verano announces its IPO on Cboe Canada

With a market capitalization exceeding 2 billion CAD, Verano has become the largest issuer on Cboe Canada

TORONTO–(BUSINESS WIRE)–Cboe Canada, the new trade name for NEO Bourse, is proud to welcome Verano Holdings Corp. («Verano» or the «Company»), a leading cannabis company in several U.S. states, as it lists on Cboe Canada, a Tier 1 stock exchange in Canada. Verano is now trading on Cboe Canada under the ticker symbol VRNO.

Based in Chicago, Verano is one of the largest publicly traded multistate operators in the United States. As part of its mission to address vital health and wellness needs, the Company provides responsible access to regulated cannabis products through 14 cultivation and production facilities and 134 retail locations operating in 13 states. Verano is now the largest company listed on Cboe Canada, with a market capitalization of over 2 billion CAD.

«In light of current events and developments within the U.S. cannabis ecosystem, today’s initial public offering on Cboe Canada—which is part of a global network of exchanges spanning 26 markets—is a deliberate and strategic decision,» said George Archos, founder and CEO of Verano. «We believe this decision positions Verano for continued growth and expansion as we move forward in step with the rapidly evolving industry. We view this as a winning combination for Verano and its shareholders.»

Investors can trade VRNO shares through their usual investment channels, including discount brokerage platforms and full-service brokers.

«This listing exemplifies the bold strategic plan at the heart of Verano’s operations. This listing on a leading platform puts Verano on a launch pad, ready for legislative advances at the federal level in the United States,» said Jos Schmitt, President and CEO of Cboe Canada. «We expect that Verano’s decision to trade on Cboe Canada will provide it with the liquidity, investor exposure, and international index eligibility needed to strengthen its competitive advantage and continue to execute its growth plans. We are honored to reach this major milestone alongside Verano and look forward to supporting it in the years ahead.»

Cboe Canada offers more than 250 unique listings, including some of the most innovative Canadian and international growth companies, as well as Canadian foreign stock certificates^MC (CCAÉ), and ETFs from Canada’s largest ETF issuers. Cboe Canada and its subsidiaries account for more than 15 % of the total trading volume in Canadian-listed companies and more than 20 % of the total trading volume in Canadian ETFs.

About Cboe Canada

Cboe Canada, the new trade name for NEO Bourse, is Canada’s Tier 1 stock exchange for the goal-oriented innovation economy. It provides an unparalleled listing experience for issuers shaping the economies of the future. Fully operational since 2015, Cboe Canada lists companies and investment products seeking an internationally recognized stock exchange that instills investor confidence, offers high-quality liquidity and broad market exposure, including unimpeded access to market data.

Cboe Canada is part of the Cboe Global Markets network and draws on deep international expertise, cutting-edge technology and market intelligence, and unparalleled service to deliver what stakeholders and the world need now and in the future. Cboe Canada is a subsidiary of Cboe MATCHNow.

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About Verano

Verano Holdings Corp. (NEO: VRNO) (OTCQX: VRNOF), one of the leading companies in the U.S. cannabis industry based on historical revenue, geographic reach, and brand performance, is a vertically integrated, multi-state operator whose mission is to say “yes” to planting the seed of progress and promoting bold exploration of cannabis. Verano offers a superior cannabis shopping experience in both the medical and adult-use markets through its Zen Leaf™ and MÜV™ dispensary brands and produces a full range of high-quality, regulated cannabis products sold under its diverse portfolio of consumer brands, including Verano™, MÜV™, Savvy™, BITS™, Encore™, and Avexia™. Verano’s active operations span 13 U.S. states, with 14 production facilities totaling over 1,000,000 square feet of cultivation capacity. For more information, visit www.verano.com.

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Contact

Cboe Canada, Media:
[email protected]