CHICAGO – Verano Holdings Corp. (CSE: VRNO) (“Verano” or “the Company”), a leading multi-state cannabis company, announced it has entered into agreements to acquire: one of Illinois’ top-producing dispensaries with the ability to open one additional dispensary in Chicago, three highly productive active dispensaries and a permit for three additional dispensaries in Pennsylvania, as well as one coveted active dispensary in Phoenix, Arizona. Upon completion, the acquisitions would further bolster Verano’s footprint in three key states, as the Company continues to execute on its focused strategy to establish a leading competitive position across its core markets. Closing of the transactions is subject to customary conditions, contingencies and regulatory approvals.

Key Acquisition Details upon Completion:

Advertisement Maximizes Verano’s Illinois retail footprint1, while unlocking the coveted Chicago market with one active dispensary in the city’s Medical District, plus the ability to open one additional dispensary in the West Loop blocks from the city’s downtown area. Verano would be one of only four companies with the ability to maximize its Illinois retail footprint. Expands Verano’s retail footprint in Pennsylvania to six operating dispensaries, plus a license for three additional dispensaries. This includes three of the state’s top performing dispensaries, located in

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