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Verano Announces the Opening of Zen Leaf™ Arcadia in Prime New Phoenix Location

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Verano Holdings Corp. (OTCQX: VRNOF) announced the grand opening of Zen Leaf Arcadia in Phoenix, AZ, on September 27th. The dispensary, formerly known as Local Joint, has relocated to 2710 E Indian School Road, a busy thoroughfare with over 54,000 daily vehicles. This opening follows Verano's recent acquisition of Arizona and Virginia operations from The Cannabist Company, expanding its Arizona footprint to eight retail locations and 90,000 square feet of cultivation and processing capacity.

Zen Leaf Arcadia will offer enhanced features including additional point-of-sale stations, increased parking, and an original cannabis-inspired mural. The grand opening weekend will feature food trucks, DJs, and special deals. Verano's active operations now span 14 states, with 152 dispensaries and 15 cultivation and processing facilities, totaling over 1.1 million square feet of cultivation capacity.

Verano Holdings Corp. (OTCQX: VRNOF) ha annunciato l'apertura ufficiale di Zen Leaf Arcadia a Phoenix, AZ, il 27 settembre. Il dispensario, precedentemente conosciuto come Local Joint, si è trasferito al 2710 E Indian School Road, una strada trafficata con oltre 54.000 veicoli al giorno. Questa apertura segue l'acquisizione recente delle operazioni in Arizona e Virginia da parte di Verano, ampliando la sua presenza in Arizona a otto punti vendita e 90.000 piedi quadrati di capacità di coltivazione e lavorazione.

Zen Leaf Arcadia offrirà caratteristiche migliorate, tra cui ulteriori postazioni di vendita, parcheggio ampliato e un murale originale ispirato alla cannabis. Il weekend di apertura includerà food truck, DJ e offerte speciali. Le operazioni attive di Verano ora si estendono su 14 stati, con 152 dispensari e 15 strutture di coltivazione e lavorazione, per un totale di oltre 1,1 milioni di piedi quadrati di capacità di coltivazione.

Verano Holdings Corp. (OTCQX: VRNOF) anunció la gran apertura de Zen Leaf Arcadia en Phoenix, AZ, el 27 de septiembre. El dispensario, anteriormente conocido como Local Joint, se ha trasladado a 2710 E Indian School Road, una vía muy transitada con más de 54,000 vehículos diarios. Esta apertura sigue a la reciente adquisición de operaciones en Arizona y Virginia por parte de Verano, ampliando su presencia en Arizona a ocho locales de venta y 90,000 pies cuadrados de capacidad de cultivo y procesamiento.

Zen Leaf Arcadia ofrecerá características mejoradas, incluyendo más estaciones de punto de venta, mayor estacionamiento y un mural original inspirado en el cannabis. El fin de semana de apertura contará con camiones de comida, DJs y ofertas especiales. Las operaciones activas de Verano ahora abarcan 14 estados, con 152 dispensarios y 15 instalaciones de cultivo y procesamiento, sumando más de 1.1 millones de pies cuadrados de capacidad de cultivo.

Verano Holdings Corp. (OTCQX: VRNOF)는 9월 27일 피닉스, AZ에 Zen Leaf Arcadia의 정식 개장을 발표했습니다. 이전에 Local Joint으로 알려진 이 대마초 가게는 하루 54,000대 이상의 차량이 지나가는 바쁜 도로인 2710 E Indian School Road로 이전했습니다. 이번 개장은 Verano의 아리조나 및 버지니아 운영을 The Cannabist Company로부터 최근 인수한 후 이루어졌으며, 아리조나 내 8개의 소매점과 90,000제곱피트의 재배 및 가공 능력을 확대했습니다.

Zen Leaf Arcadia는 추가 판매 지점, 증가된 주차 공간, 대마초 영감을 받은 원본 벽화 등 향상된 기능을 제공합니다. 개장 주말 동안에는 푸드트럭, DJ 및 특별 프로모션이 있을 예정입니다. Verano의 활성 운영은 현재 14개 주에 걸쳐 있으며, 152개 대마초 매장과 15개의 재배 및 가공 시설로 구성되어 있으며, 재배 능력은 총 110만 제곱피트를 초과합니다.

Verano Holdings Corp. (OTCQX: VRNOF) a annoncé la grande ouverture de Zen Leaf Arcadia à Phoenix, AZ, le 27 septembre. Le dispensaire, anciennement connu sous le nom de Local Joint, a déménagé au 2710 E Indian School Road, une rue achalandée avec plus de 54 000 véhicules par jour. Cette ouverture fait suite à l'acquisition récente par Verano des opérations en Arizona et en Virginie auprès de The Cannabist Company, élargissant son empreinte en Arizona à huit points de vente et 90 000 pieds carrés de capacité de culture et de transformation.

Zen Leaf Arcadia proposera des caractéristiques améliorées, y compris des stations de point de vente supplémentaires, un stationnement accru et une fresque originale inspirée du cannabis. Le week-end d'ouverture comportera des camions de nourriture, des DJ et des offres spéciales. Les opérations actives de Verano s'étendent désormais sur 14 États, avec 152 dispensaires et 15 installations de culture et de transformation, totalisant plus de 1,1 million de pieds carrés de capacité de culture.

Verano Holdings Corp. (OTCQX: VRNOF) gab die große Eröffnung von Zen Leaf Arcadia in Phoenix, AZ, am 27. September bekannt. Die Apotheke, die zuvor als Local Joint bekannt war, ist umgezogen zu 2710 E Indian School Road, einer stark befahrenen Straße mit über 54.000 Fahrzeugen täglich. Diese Eröffnung folgt auf die jüngste Übernahme von Veranos Arizona- und Virginia-Operationen von The Cannabist Company, was die Präsenz von Verano in Arizona auf acht Einzelhandelsstandorte und 90.000 Quadratfuß Anbau- und Verarbeitungsfläche erweitert.

Zen Leaf Arcadia wird verbesserte Funktionen anbieten, darunter zusätzliche Verkaufsstationen, mehr Parkplätze und ein originales, von Cannabis inspiriertes Wandgemälde. Das Eröffnungswochenende wird Foodtrucks, DJs und besondere Angebote bieten. Die aktiven Operationen von Verano erstrecken sich nun über 14 Bundesstaaten mit 152 Apotheken und 15 Anbau- und Verarbeitungseinrichtungen, die insgesamt über 1,1 Millionen Quadratfuß Anbaukapazität umfassen.

Positive
  • Expansion of Verano's Arizona footprint to 8 retail locations and 90,000 sq ft of cultivation/processing capacity
  • Relocation to a high-traffic area with over 54,000 daily vehicles
  • Enhanced features at the new location, including more point-of-sale stations and increased parking
  • Company-wide expansion to 152 dispensaries and 15 cultivation/processing facilities across 14 states
Negative
  • None.
  • Zen Leaf Arcadia, formerly known as Local Joint, relocated from E University Drive to its new home at 2710 E Indian School Road in Phoenix, a busy thoroughfare with more than 54,000 daily vehicles1
  • Opening Zen Leaf Arcadia follows Verano’s recent acquisition of Arizona and Virginia operations from The Cannabist Company, elevating the Company’s Arizona operational footprint to eight retail locations and 90,000 square feet of cultivation and processing capacity
  • Verano’s active operations span 14 states, comprised of 152 dispensaries and 15 cultivation and processing facilities with more than 1.1 million square feet of cultivation capacity

CHICAGO, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced the grand opening of Zen Leaf Arcadia in Phoenix, AZ, on Friday, September 27th, following a ceremonial ribbon cutting with representatives of the Greater Phoenix Chamber of Commerce at 8 a.m. local time. Zen Leaf Arcadia, located at 2710 E Indian School Road in Phoenix, will be open daily from 8 a.m. to 10 p.m. local time.

After relocating from its former home on the city’s south side, Zen Leaf Arcadia will offer an array of enhanced features and conveniences for cannabis consumers, including additional point-of-sale stations, increased parking and an original cannabis-inspired mural painted by Verano in-house artist Jeremiah Kaniaupio. Beginning Friday, guests visiting Zen Leaf Arcadia throughout the grand opening weekend celebration will be greeted by food trucks, DJs, and an array of exciting doorbuster deals including BOGOs, mix-n-matches, and up to 50% off specials on select BITS, Savvy, Hi-Klas, Vital, Verano and (the) Essence items.

“We are thrilled to open Zen Leaf Arcadia in a prime new location, where our guests can enjoy new dispensary features and conveniences while browsing our extensive selection of award-winning products,” said George Archos, Verano Founder and Chief Executive Officer. “We’re excited to join the Northeast Phoenix community and look forward to welcoming customers at Zen Leaf Arcadia for years to come.”

Zen Leaf Arcadia adds another convenient location for Phoenix area cannabis consumers as one of the Company’s eight Arizona dispensaries. Verano’s Arizona footprint also includes 90,000 square feet of state-of-the-art cultivation and processing operations, where the Company produces its portfolio of award-winning brands including Verano Reserve flower, Swift Lift pre-roll joints and vapes; (the) Essence and Savvy flower, edibles and vapes; On the Rocks Live Rosin vapes and extracts; BITS low-dose high-function edibles; Hi-Klas flower, extracts and vapes; Vital edibles and tinctures; and MÜV transdermal patches and topicals.

For additional convenience and accessibility, patients can choose to order ahead at ZenLeafDispensaries.com for express in-store pickup. Product images, logos and b-roll footage are available on the Company Newsroom.

About Verano

Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX: VRNOF), one of the U.S. cannabis industry’s leading companies based on historical revenue, geographic scope and brand performance, is a vertically integrated, multi-state operator embracing a mission of saying Yes to plant progress and the bold exploration of cannabis. Verano offers a superior cannabis shopping experience in medical and adult use markets under the Zen Leaf and MÜV dispensary banners and produces a comprehensive suite of high-quality, regulated cannabis products sold under its diverse portfolio of trusted consumer brands including Verano, MÜV, (the) Essence, Savvy, BITS, Encore, and Avexia. Verano’s active operations span 14 markets, 15 production facilities, and over 1,100,000 square feet of cultivation capacity. Learn more at www.verano.com.

Contacts:

Media
Verano
Steve Mazeika
VP, Communications
Steve.Mazeika@verano.com

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

Forward Looking Statements

This press release contains “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, strategies, 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”, “projects,” “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”. 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 described in the Company’s annual report on Form 10-K for the year ended December 31, 2023 and any subsequent quarterly reports on Form 10-Q, in each case, filed with the U.S. Securities and Exchange Commission at www.sec.gov. The 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 AZ Dept of Transportation


FAQ

When is Zen Leaf Arcadia opening in Phoenix, and what is Verano's stock symbol?

Zen Leaf Arcadia is opening on September 27th, 2024, in Phoenix, Arizona. Verano's stock symbol is VRNOF on the OTCQX market.

How many dispensaries does Verano (VRNOF) operate after opening Zen Leaf Arcadia?

After opening Zen Leaf Arcadia, Verano (VRNOF) operates a total of 152 dispensaries across 14 states.

What special features does the new Zen Leaf Arcadia location offer?

The new Zen Leaf Arcadia location offers additional point-of-sale stations, increased parking, and features an original cannabis-inspired mural painted by Verano's in-house artist.

What is Verano's (VRNOF) total cultivation capacity after the Arizona expansion?

Verano (VRNOF) now has over 1.1 million square feet of cultivation capacity across its 15 cultivation and processing facilities in 14 states.

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