Verano Holdings Corp. Announces Shareholder Approval to Redomicile Parent Company from British Columbia to Nevada

Core Viewpoint - Verano Holdings Corp. has received shareholder approval to redomicile from British Columbia, Canada, to Nevada, with plans to finalize the process as soon as possible despite delays due to an employee strike at the British Columbia Registrar of Companies [1][2]. Company Overview - Verano Holdings Corp. is a leading multi-state cannabis company in the U.S., recognized for its historical revenue, geographic reach, and brand performance [5]. - The company operates under various dispensary brands, including Zen Leaf and MÜV, and offers a range of high-quality cannabis products through its diverse portfolio [5]. - Verano's operations span 13 U.S. states, with 15 production facilities and over 1.1 million square feet of cultivation capacity [5]. Redomicile Details - The redomicile plan involves a Continuance from British Columbia to Nevada, where existing subordinate voting shares will be exchanged on a one-for-one basis for Nevada Common Stock [3]. - All outstanding stock options and restricted stock units will be adjusted to reflect the new Nevada Common Stock [3].