Verano Founder and Chief Executive Officer George Archos Shares Celebratory Comments on Cannabis Rescheduling Announcement

Core Insights - Verano Holdings Corp. celebrates the announcement of President Trump's Executive Order to reschedule cannabis from Schedule I to Schedule III, which could lead to significant reforms in medical research, banking, and taxation, and allow Verano to list its shares on a U.S.-based stock exchange [1][2][3] Company Overview - Verano operates 158 dispensaries under the Zen Leaf and MÜV brands across 13 states, with 15 cultivation and processing facilities totaling over 1.1 million square feet of cultivation capacity [1][5] - The company is recognized as a leading multi-state cannabis operator in the U.S., focusing on providing a superior cannabis shopping experience in both medical and adult-use markets [5] Industry Impact - The rescheduling of cannabis is seen as a transformative policy shift that could unlock economic growth, create jobs, and serve patients, reversing decades of prohibitionist policies [2][3] - The cannabis industry employs hundreds of thousands of professionals and contributes billions of dollars in taxes and economic activity annually, highlighting its significance to the economy [3]