Verano Announces the Opening of MÜV Tampa Himes, the Company’s 54th Florida Location

Rhea-AI Summary

Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) has opened its 54th dispensary in Florida, MÜV Tampa Himes, on August 5, 2022. This marks the company's seventh dispensary opening since late June. Located at 4820 South Himes Avenue, Tampa, the store is strategically positioned near a high-traffic area with 22,000 daily vehicles. Verano operates in 13 states with 108 dispensaries and over 1 million square feet of cultivation capacity. With Tampa being Florida's third-largest city, Verano aims to enhance access to medical cannabis for local patients.

Positive

• Opened 54th dispensary in Florida and 108th nationwide, signaling strong expansion.
• Strategically located in a high-traffic area with 22,000 daily vehicles, potentially increasing customer footfall.
• Tampa's large population (385,000) offers a significant market for medical cannabis.

Negative

• None.

• MÜV Tampa Himes is the seventh MÜV dispensary to open since late June, underscoring the Company's ongoing Florida retail expansion efforts
• The dispensary is located at 4820 South Himes Avenue, conveniently situated off Gandy Boulevard, a busy thoroughfare that sees an average daily traffic count of 22,000 vehicles¹
• Verano’s active operations span 13 states, comprised of 108 dispensaries and 13 cultivation and processing facilities with more than 1 million square feet of cultivation capacity
  

CHICAGO, Aug. 05, 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 Tampa Himes on Friday, August 5, the Company’s 54^th Florida dispensary and 108^th nationwide. MÜV Tampa Himes, located at 4820 South Himes Avenue, is open Monday through Saturday from 9 a.m. to 7 p.m. and Sunday from 11 a.m. to 5 p.m., local time.

MÜV Tampa Himes is the fourth MÜV retail location in Tampa, with storefronts on Dale Mabry, Preserve Walk Lane and West Kennedy. Tampa is the third largest city in Florida, with a population of over 385,000^2.

“MÜV Tampa Himes, our newest storefront in Tampa, brings us to a total of six retail locations throughout Hillsborough County, a community that continues to experience significant growth,” said John Tipton, President of Verano. “With Tampa having the third largest population in Florida, we’re grateful for the opportunity to reach more medical cannabis patients and welcome them to MÜV’s patient-centric hospitality.”

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 Tampa Himes 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 13 U.S. states, with active operations in 13, including 13 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 statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such 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 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 statements contained herein include, but are not limited to, statements or information with respect to the Company’s proposed restatement of the Prior Period Financials. Forward-looking 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 statements herein, including, without limitation, the risk factors discussed in the Company’s Form 10 filed on EDGAR at www.sec.gov. The forward-looking statements contained in this Current Report on Form 8-K are made as of the date of this Current Report on Form 8-K, 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.

###

---

¹ Florida Department of Transportation
² United States Census Bureau

FAQ

What is the significance of the new MÜV Tampa Himes dispensary for Verano (VRNOF)?

The opening of MÜV Tampa Himes marks Verano's 54th dispensary in Florida and 108th nationwide, showcasing their commitment to expanding their retail footprint.

Where is the MÜV Tampa Himes dispensary located?

MÜV Tampa Himes is located at 4820 South Himes Avenue, Tampa, Florida, near Gandy Boulevard.

When did Verano open the MÜV Tampa Himes dispensary?

The MÜV Tampa Himes dispensary was opened on August 5, 2022.

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

Verano operates a total of 108 dispensaries across 13 states.

What is the daily traffic near MÜV Tampa Himes?

The area near MÜV Tampa Himes sees an average daily traffic count of 22,000 vehicles.