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Recent News Updates om Verano

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Verano Opening Two MÜV Dispensaries in Florida’s Tampa Bay Area, Raising Company’s Total to 43 Storefronts Statewide

7:00 AM ET, 03/18/2022 - GlobeNewswire

The new MÜV Brandon and MÜV New Tampa dispensaries expand Verano’s footprint to six locations in Hillsborough County and ten in the greater Tampa Bay area.MÜV Brandon is positioned on Lumsden Road, minutes from the city’s major shopping corridor, and MÜV New Tampa is located on busy Bruce B. Downs Boulevard, a thoroughfare with average daily traffic of 56,500 cars, according to the Florida Department of Transportation.

CHICAGO, March 18, 2022 (GLOBE NEWSWIRE) -- Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced the opening of its 42nd and 43rd MÜV dispensaries in Florida. MÜV Brandon, located at 942 West Lumsden Road, and MÜV New Tampa, situated at 17521 Preserve Walk Lane, are both scheduled to open on Saturday, March 19th at 9:00 am local time.

MÜV Brandon and MÜV New Tampa are both located in Hillsborough County, a rapidly-growing area that has added more than 200,000 residents between 2010 and 2020, according to the Florida Office of Economic and Demographic Research. The county population now totals 1.4 million, or just over 6% of the state’s total population.

“Hillsborough County has been home to MÜV dispensaries since 2017, and over the last five years, we have witnessed Tampa and its surrounding communities exponentially grow, thrive and expand,” said John Tipton, President of Verano. “We have listened to our patients and learned the lengths to which some travel to obtain their needed alternative medicine. With the opening of MÜV Brandon and MÜV New Tampa, we will be well positioned to provide the highest quality medical cannabis to the furthest reaches of the fourth largest county in the state.”

As a demonstration of their commitment to provide a convenient and reliable experience for Florida patients, MÜV dispensaries feature online menus for effortless browsing of their extensive, award-winning product selection. For additional convenience and accessibility, patients can choose to order ahead at for express in-store pickup.

MÜV offers one-on-one virtual and in-store consultations at no cost to the patient. MÜV’s comprehensive product selection includes edibles, chocolates and lozenges, flower, pre-rolls, an array of vaporizer pens, concentrates, metered-dose inhalers, topicals and oral sprays; along with patented encapsulation formulations in its EnCaps™ capsules, tinctures, 72-hour transdermal patches and transdermal gels.

Verano Opening First West Virginia Medical Cannabis Dispensary, Zen Leaf Morgantown

7:00 AM ET, 03/17/2022 - GlobeNewswire

Zen Leaf Morgantown marks the company’s first dispensary in West Virginia, a medical cannabis market projected to record sales as high as $40 million by 2025, according to MJBizDailyVerano’s inaugural West Virginia dispensary opening expands the Company’s active operational footprint to 13 states and 92 dispensaries nationwide, complimenting existing operations in neighboring states that include Pennsylvania, Maryland and OhioZen Leaf Morgantown is located at Cheat Road and Venture Drive, a highly traveled intersection that sees an average of 28,000 vehicles per day1 near West Virginia University’s main campus and its population of more than 26,000 students

CHICAGO, March 17, 2022 (GLOBE NEWSWIRE) -- Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced the grand opening of its first West Virginia medical cannabis dispensary, Zen Leaf Morgantown, located at 205 Venture Drive, on Friday, March 18th at 11:00 a.m. local time.

“Opening our first West Virginia Zen Leaf medical cannabis dispensary is a significant milestone for Verano, and we couldn’t think of a more beautiful, vibrant city than Morgantown to make our debut in this great state,” said George Archos, Verano Founder and Chief Executive Officer. “We look forward to serving the West Virginia medical cannabis community at Zen Leaf Morgantown, and in the additional locations we are excited to open across the Mountain State in the years to come.”

Across West Virginia, Verano has permits issued by West Virginia’s Office of Medical Cannabis to operate a cultivation and processing facility that is nearing full operational status, along with seven total medical cannabis dispensaries that are projected to begin opening throughout 2022, subject to customary approvals.

Verano Draws US$100 Million to Fund Strategic Growth Initiatives, and Adds an Option for Up to an Additional US$175 Million

6:30 PM ET, 03/01/2022 - GlobeNewswire

Funding follows previously-announced intention to draw US$100 million under existing credit agreement, providingVeranowith flexibility to drive internal expansion efforts and near- and long-term growth strategies

CHICAGO, March 01, 2022 (GLOBE NEWSWIRE) -- Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced it has drawn an additional US$100 million under its existing credit agreement pursuant to a fourth amendment to such credit agreement, to fund expansion and strategic growth initiatives, per its previous announcement on February 1, 2022, at a non-dilutive interest rate of 8.50%. As part of such amendment to its credit agreement, funding for up to an additional US$175 million at a future date was added, which lending commitment is subject to final agreement and conditions with the Company’s lenders. Chicago Atlantic Advisors, LLC (“Chicago Atlantic”) is the lead administrative agent and collateral agent, with participation from AFC Gamma, Inc. (“AFC Gamma”).


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