Verano Announces Opening of 45th Florida MÜV Medical Cannabis Dispensary in Hobe Sound

Rhea-AI Summary

Verano Holdings Corp. announces the opening of MÜV Hobe Sound, its 45th Florida location and 96th nationwide dispensary. Located at 10455 SE Federal Highway, the dispensary serves a community of over 13,000 residents and is open seven days a week. Known for its tourist attractions on Florida's Treasure Coast, MÜV Hobe Sound aims to provide convenient access to a wide range of medical cannabis products. Verano operates across 13 states with a total of 96 dispensaries and over 1 million square feet of cultivation capacity.

Positive

• Opening of MÜV Hobe Sound increases Verano's footprint in Florida.
• Community-first medical dispensary catering to 13,163 residents.
• Total of 96 dispensaries enhances brand visibility and market reach.
• Strong online presence with product offerings for convenient patient access.

Negative

• None.

• MÜV Hobe Sound is located at 10455 SE Federal Highway, a busy thoroughfare with an average daily traffic count of 25,500 vehicles¹
• The dispensary is situated on Florida’s famed “Treasure Coast,” an area known for its beaches and tourist attractions
• Verano’s active operations span 13 states, comprised of 96 dispensaries and 12 cultivation and processing facilities with more than 1 million square feet of cultivation capacity
  
  

CHICAGO, April 29, 2022 (GLOBE NEWSWIRE) -- Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced the opening of MÜV Hobe Sound, the Company’s 45^th Florida location and 96^th nationwide. MÜV Hobe Sound, located at 10455 SE Federal Highway, is open Monday through Saturday from 9:00 a.m. to 7:00 p.m., and from 11:00 a.m. to 5:00 p.m. on Sundays, local time.

As the first medical cannabis dispensary in the Atlantic coast community of 13,163 residents², MÜV Hobe Sound joins the Company’s MÜV Stuart and Port Saint Lucie locations on Florida’s popular “Treasure Coast,” - a tourist region that boasts hundreds of locally owned restaurants, world-class beaches and golf courses, and numerous outdoor adventure activities³.

“Opening MÜV Hobe Sound, the community’s first medical cannabis dispensary, adds another convenient location for our patients on Florida’s beautiful Treasure Coast,” said John Tipton, President of Verano. “We’re thrilled to add MÜV Hobe Sound to our growing Florida footprint, where our dedicated team of compassionate cannabis advisors will offer our premium suite of medical cannabis offerings for patients across the region for years to come.”

As a demonstration of their commitment to provide a convenient and reliable experience for Florida patients, MÜV dispensaries feature online menus for effortless browsing of their extensive, award-winning product selection. For additional convenience and accessibility, patients can choose to order ahead at muvfl.com for express in-store pickup.

MÜV offers one-on-one virtual and in-store consultations at no cost to the patient. MÜV’s comprehensive product selection includes edibles, chocolates and lozenges, flower, pre-rolls, an array of vaporizer pens, concentrates, metered-dose inhalers, topicals and oral sprays; along with patented encapsulation formulations in its EnCaps^™ capsules, tinctures, 72-hour transdermal patches and transdermal gels.

For more information about the new Hobe Sound medical cannabis dispensary, including hours and available MÜV products, visit muvfl.com.

About Verano

Verano is a leading, vertically integrated, multi-state cannabis operator in the U.S., devoted to the ongoing improvement of communal wellness by providing responsible access to regulated cannabis products. With a mission to address vital health and wellness needs, Verano produces a comprehensive suite of premium, innovative cannabis products sold under its trusted portfolio of consumer brands, including Verano^™, Avexia^™, Encore^™, and MÜV^™. Verano’s portfolio encompasses 15 U.S. states, with active operations in 13, including 12 production facilities comprising over 1,000,000 square feet of cultivation capacity. Verano designs, builds, and operates dispensaries under retail brands including Zen Leaf^™ and MÜV^™, delivering a superior cannabis shopping experience in both medical and adult-use markets. Learn more at www.verano.com.

Contacts:

Media
Verano
Steve Mazeika
Director, Communications
Steve.Mazeika@verano.com
312-348-4430

Investors
Verano
Julianna Paterra, CFA
Director, Investor Relations
Julianna.Paterra@verano.com

Forward Looking Statements

This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", “future”, "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements or information with respect to the Company’s operations. Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements herein, including, without limitation, the risk factors discussed in the Company's publicly available filings on SEDAR at www.sedar.com. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information or forward-looking statements that are contained or referenced herein, except as may be required in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice regarding forward-looking information and statements.

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¹ Source: FL Dept. of Transportation
² Source: US Census
³ Source: Florida Treasure Coast Tourism Bureau

FAQ

What is MÜV Hobe Sound?

MÜV Hobe Sound is Verano's 45th location in Florida and 96th nationwide, serving the medical cannabis needs of the local community.

Where is MÜV Hobe Sound located?

MÜV Hobe Sound is located at 10455 SE Federal Highway in Hobe Sound, Florida.

How many dispensaries does Verano operate?

Verano operates a total of 96 dispensaries across 13 states.

What are the operating hours for MÜV Hobe Sound?

MÜV Hobe Sound is open Monday to Saturday from 9:00 a.m. to 7:00 p.m. and Sunday from 11:00 a.m. to 5:00 p.m.

What products are available at MÜV Hobe Sound?

MÜV Hobe Sound offers a range of medical cannabis products including edibles, flower, concentrates, and topicals.