Core Points - Verano Holdings Corp. is informing shareholders about potential delays in receiving meeting materials due to a Canadian postal strike [1][2] - The special meeting is scheduled for October 27, 2025, at 9:30 a.m. CDT [1] - Shareholders are encouraged to vote online instead of mailing their proxies to ensure timely receipt of their voting instructions [3] Company Overview - Verano Holdings Corp. is a leading multi-state cannabis company in the U.S., known for its revenue, geographic reach, and brand performance [7] - The company operates under the Zen Leaf and MÜV dispensary brands and offers a variety of cannabis products through its portfolio, including brands like Verano, Essence, and MÜV [7] - Verano has operations in 13 U.S. states with 15 production facilities and over 1.1 million square feet of cultivation capacity [7]

CHICAGO, Sept. 15, 2025 (GLOBE NEWSWIRE) -- Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced that the Company’s Board of Directors approved, and the Company will be seeking shareholder approval of, a proposed plan to redomicile Verano Holdings Corp. from British Columbia, Canada, to the State of Nevada. Verano believes that redomiciling in the United States better aligns with its U.S. based business and operations and s ...

Core Viewpoint - Verano Holdings Corp. reported its financial results for the second quarter of 2025, showing a decline in revenues but improvements in gross profit and operational efficiency, with expectations for a stronger second half of the year [1][4]. Financial Highlights - Revenues for Q2 2025 were $202 million, down from $222 million in Q2 2024 and $210 million in Q1 2025, primarily due to price compression and competition [5][6]. - Gross profit was $113 million, representing 56% of revenue, compared to $114 million (51%) in Q2 2024 and $100 million (47%) in Q1 2025 [6][9]. - The company reported a net loss of $(19) million, or (9)% of revenue, an improvement from $(22) million (10%) in Q2 2024 [9][10]. - Adjusted EBITDA for Q2 2025 was $66 million, or 33% of revenue, down from $70 million in Q2 2024 [9][30]. Operational Highlights - The company achieved net cash provided by operating activities of $11 million, an increase from $8 million in Q2 2024, attributed to operational efficiencies [10]. - Capital expenditures were $10 million, down from $19 million in Q2 2024, reflecting greater efficiencies in cultivation and production [11]. - As of June 30, 2025, the company had current assets of $371 million, including cash and cash equivalents of $69 million, and total debt of $403 million [13]. Management Commentary - The CEO highlighted progress in streamlining operations and improving margins, with expectations for a stronger second half of 2025 driven by new store openings and product innovations [4]. - The company is focusing on enhancing its wholesale business and accounts receivable strategy [4]. Recent Developments - Verano expanded its retail footprint with new dispensaries in Florida and Connecticut, and launched an exclusive partnership with Grow Sciences for product offerings in Illinois [15]. - The company operates in 13 states with 157 dispensaries and 15 production facilities, boasting over 1.1 million square feet of cultivation capacity [15][21].

Core Viewpoint - Verano Holdings Corp. has appointed James Leventis as Chief Strategy and Compliance Officer, effective July 1, 2025, to enhance its strategic leadership in regulatory and compliance matters across its national operations [1][4]. Company Overview - Verano Holdings Corp. is a leading multi-state cannabis company in the U.S., recognized for its historical revenue, geographic scope, and brand performance [5]. - The company operates under the Zen Leaf and MÜV dispensary brands and offers a range of high-quality cannabis products through its diverse portfolio, including brands like Verano, Essence, and MÜV [5]. - Verano's operations span 13 U.S. states with 15 production facilities and over 1.1 million square feet of cultivation capacity [5]. Leadership and Experience - James Leventis has been with Verano since 2019 and has significantly contributed to the company's growth from a single-state operator to one of the largest publicly traded cannabis companies [2]. - Leventis has a background in regulatory, compliance, M&A, and licensing across various sectors, including healthcare and cannabis, and has served in leadership roles in multiple trade associations and political action committees [2][3]. Strategic Importance - The promotion of Leventis is expected to strengthen Verano's executive leadership team and support the company's initiatives in navigating the dynamic cannabis sector [4]. - His advocacy for cannabis reform at both state and federal levels is seen as a valuable asset for the company as it seeks to influence legislative advancements [3][4].

Company Overview - Verano Holdings Corp. is a leading multi-state cannabis company in the U.S., recognized for its historical revenue, geographic scope, and brand performance [2] - The company operates under the Zen Leaf and MÜV dispensary brands and offers an innovative membership program called Cabbage Club, providing exclusive benefits to cannabis consumers [2] - Verano has a comprehensive portfolio of high-quality cannabis products sold under various trusted consumer brands, including Verano, Essence, MÜV, Savvy, BITS, Encore, and Avexia [2] - The company operates in 13 U.S. states with 15 production facilities, boasting over 1.1 million square feet of cultivation capacity [2] Upcoming Financial Results - Verano plans to release its financial results for the second quarter ended June 30, 2025, before the market opens on August 7, 2025 [1] - A conference call and webcast for analysts and investors is scheduled for August 7, 2025, at 8:30 a.m. ET / 7:30 a.m. CT to discuss the results and address questions [1][4]