In consummating the transactions, Verano acquired all of the issued and outstanding equity interests of Caring Nature, LLC, which holds an active dispensary in Waterbury, Connecticut, and Connecticut Pharmaceutical Solutions, Inc., which holds an operating cultivation and production facility in Rocky Hill, Connecticut

The accretive acquisitions affirm Verano’s vertical integration in Connecticut, one of the most recent states to pass adult-use legislation, and follow the Company’s recent acquisition of an active dispensary in Meriden that closed on October 25, 2021

Verano’s operational footprint spans 12 states, 10 of which are vertically integrated, and counts 93 dispensaries and over 1,000,000 sq. ft. of total cultivation capacity nationwide

CHICAGO, Dec. 28, 2021 (GLOBE NEWSWIRE) — Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced the closing of its previously announced (November 10, 2021) transactions to acquire all of the issued and outstanding equity interests of Caring Nature, LLC and Connecticut Pharmaceutical Solutions, Inc. Collectively, these acquisitions expand Verano’s presence on the East Coast with the addition of vertically integrated operations in the attractive Connecticut market.

Transaction Highlights

Caring Nature, LLC
The acquisition of all of the equity interests of Caring Nature, LLC, includes one active dispensary in Waterbury, Connecticut.

Connecticut

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