Verano Announces the Opening of MÜV Ocala, the Company’s 47th Florida Location

Rhea-AI Summary

Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) announced the opening of its 47th Florida dispensary, MÜV Ocala, on May 20, 2022. Located in a rapidly growing area of Marion County with 43,500 daily vehicle traffic and a 13.5% population increase since 2010, this dispensary aims to serve central Florida's medical cannabis patients. Verano operates 98 dispensaries and 12 cultivation facilities across 13 states, featuring a diverse product lineup accessible through in-store consultations and online ordering.

Positive

• Opening of MÜV Ocala expands Verano's footprint with its 98th dispensary nationwide.
• Strategic location on a busy thoroughfare with 43,500 vehicles daily enhances visibility.
• Marion County's 13.5% population growth indicates a growing market for medical cannabis.

Negative

• None.

• MÜV Ocala is located at 3701 SW College Road, a busy thoroughfare with an average daily traffic count of 43,500 vehicles¹
• The dispensary is based in Marion County, a rapidly growing area that experienced population growth of 13.5% from 2010 to 2021²
• Verano’s active operations span 13 states, comprised of 98 dispensaries and 12 cultivation and processing facilities with more than 1 million square feet of cultivation capacity
  
  

CHICAGO, May 19, 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 Ocala on Friday, May 20, the Company’s 47^th Florida dispensary and 98^th nationwide. MÜV Ocala, located at 3701 SW College Road, is open Monday through Saturday from 9:00 a.m. to 7:00 p.m. and Sunday from 11:00 a.m. to 5:00 p.m., local time.

MÜV Ocala is located in Marion County, a rapidly growing area that experienced a population increase of 13.5% from 2010 to 2021. Ocala was also recently named the sixth fastest-growing city in the United States³.

“We are thrilled to open MÜV Ocala, another convenient location for central Florida medical cannabis patients to access our suite of high-quality products,” said John Tipton, President of Verano. “Ocala has experienced significant population expansion in recent years, and we look forward to growing alongside the area’s flourishing medical cannabis community 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, including the Company’s signature Verano Reserve flower line. For additional convenience and accessibility, patients can choose to order ahead at muvfl.com or through the MÜV mobile application available in the Google Play and Apple App stores 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 MÜV Ocala medical cannabis dispensary, 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
Grace Bondy
Manager, Communications
Grace.Bondy@verano.com

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 Florida Department of Transportation
² Florida Office of Economic and Demographic Research
³ U.S. News & World Report

FAQ

What is the latest news regarding Verano Holdings Corp. (VRNOF)?

Verano Holdings Corp. opened its 47th Florida dispensary, MÜV Ocala, on May 20, 2022.

Where is the MÜV Ocala dispensary located?

MÜV Ocala is located at 3701 SW College Road, Ocala, Florida.

How many dispensaries does Verano operate in the U.S.?

Verano Holdings operates a total of 98 dispensaries across the United States.

What is the significance of the location of MÜV Ocala?

MÜV Ocala is situated on a busy road with an average daily traffic count of 43,500 vehicles, indicating high exposure.

What are the operating hours for MÜV Ocala?

MÜV Ocala operates 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.