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Verano Announces the Opening of Zen Leaf Fairless Hills, the Company’s Newest Affiliated Dispensary in Pennsylvania, in Prime New Location

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Verano Holdings Corp. (OTCQX: VRNOF) has announced the opening of Zen Leaf Fairless Hills, its newest affiliated dispensary in Pennsylvania, on July 26, 2024. The dispensary, relocated from Chester, is situated at 203 Lincoln Highway, a high-traffic area with over 17,000 vehicles passing daily. As the first medical cannabis dispensary in Fairless Hills, it offers an enhanced experience for patients with increased convenience and accessibility, featuring multiple point-of-sale stations and kiosks for seamless browsing and ordering.

Located in Bucks County, the fourth largest county in Pennsylvania with over 630,000 residents, Zen Leaf Fairless Hills strengthens Verano's presence in the state, becoming one of its 18 affiliated Pennsylvania dispensaries. The company also operates a 62,000 square foot cultivation and processing facility in Chester, producing various cannabis products under different brand names.

Verano Holdings Corp. (OTCQX: VRNOF) ha annunciato l'apertura di Zen Leaf Fairless Hills, il suo più recente dispensario affiliato in Pennsylvania, il 26 luglio 2024. Il dispensario, trasferito da Chester, si trova al 203 Lincoln Highway, un'area ad alto traffico con oltre 17.000 veicoli che passano ogni giorno. Essendo il primo dispensario di cannabis medica a Fairless Hills, offre un'esperienza migliorata per i pazienti con maggiore comodità e accessibilità, dotato di più punti vendita e chioschi per una navigazione e un ordinazione senza problemi.

Situato nella Contea di Bucks, la quarta più grande contea della Pennsylvania con oltre 630.000 residenti, Zen Leaf Fairless Hills rafforza la presenza di Verano nello stato, diventando uno dei suoi 18 dispensari affiliati in Pennsylvania. L'azienda gestisce anche una struttura di coltivazione e lavorazione di 62.000 piedi quadrati a Chester, producendo vari prodotti a base di cannabis sotto diversi marchi.

Verano Holdings Corp. (OTCQX: VRNOF) ha anunciado la apertura de Zen Leaf Fairless Hills, su más reciente dispensario afiliado en Pennsylvania, el 26 de julio de 2024. El dispensario, trasladado desde Chester, se ubica en 203 Lincoln Highway, una zona de alto tráfico con más de 17,000 vehículos que pasan a diario. Como el primer dispensario de cannabis medicinal en Fairless Hills, ofrece una experiencia mejorada para los pacientes, con mayor comodidad y accesibilidad, que cuenta con múltiples puntos de venta y quioscos para una navegación y orden de manera fluida.

Ubicado en Condado de Bucks, el cuarto condado más grande de Pennsylvania con más de 630,000 residentes, Zen Leaf Fairless Hills fortalece la presencia de Verano en el estado, convirtiéndose en uno de sus 18 dispensarios afiliados en Pennsylvania. La compañía también opera una instalación de cultivo y procesamiento de 62,000 pies cuadrados en Chester, produciendo varios productos de cannabis bajo diferentes marcas.

Verano Holdings Corp. (OTCQX: VRNOF)은 2024년 7월 26일 펜실베니아의 최신 제휴 약국인 Zen Leaf Fairless Hills의 개장을 발표했습니다. 체스터에서 이전된 이 약국은 하루에 17,000대 이상의 차량이 운행하는 고소통 지역인 203 링컨 하이웨이에 위치하고 있습니다. 페어리스 힐스 최초의 의료용 대마초 약국으로, 환자들에게 보다 편리하고 접근 가능한 향상된 경험을 제공하며, 원활한 탐색 및 주문을 위한 여러 판매 지점과 키오스크를 갖추고 있습니다.

벅스 카운티에 위치한 이 약국은 63만 명 이상의 주민을 둔 펜실베니아에서 네 번째로 큰 카운티로, Zen Leaf Fairless Hills는 Verano의 주 내 존재감을 강화하며 펜실베니아에서 18개의 제휴 약국 중 하나가 됩니다. 또한, 이 회사는 체스터에 62,000평방피트의 재배 및 가공 시설을 운영하여 다양한 브랜드 이름으로 여러 대마초 제품을 생산하고 있습니다.

Verano Holdings Corp. (OTCQX: VRNOF) a annoncé l'ouverture de Zen Leaf Fairless Hills, son dernier dispensaire affilié en Pennsylvanie, le 26 juillet 2024. Le dispensaire, transféré de Chester, est situé au 203 Lincoln Highway, dans une zone à fort trafic avec plus de 17 000 véhicules passant chaque jour. En tant que premier dispensaire de cannabis médical à Fairless Hills, il offre une expérience améliorée pour les patients, avec une plus grande commodité et accessibilité, comprenant plusieurs points de vente et des bornes pour un parcours et une commande sans accroc.

Situé dans le comté de Bucks, le quatrième plus grand comté de Pennsylvanie avec plus de 630 000 habitants, Zen Leaf Fairless Hills renforce la présence de Verano dans l'État, devenant l'un de ses 18 dispensaires affiliés en Pennsylvanie. L'entreprise exploite également une installation de culture et de transformation de 62 000 pieds carrés à Chester, produisant divers produits à base de cannabis sous différentes marques.

Verano Holdings Corp. (OTCQX: VRNOF) hat die Eröffnung von Zen Leaf Fairless Hills, seiner neuesten verbundenen Apotheke in Pennsylvania, am 26. Juli 2024 angekündigt. Die Apotheke, die von Chester verlagert wurde, befindet sich in der 203 Lincoln Highway, einem stark frequentierten Gebiet mit über 17.000 Fahrzeugen, die täglich passieren. Als die erste medizinische Cannabis-Apotheke in Fairless Hills bietet sie den Patienten ein verbessertes Erlebnis mit erhöhter Bequemlichkeit und Zugänglichkeit, ausgestattet mit mehreren Verkaufsstellen und Verkaufsautomaten für ein nahtloses Stöbern und Bestellen.

Die Apotheke befindet sich im Bucks County, dem viertgrößten Landkreis in Pennsylvania mit über 630.000 Einwohnern. Zen Leaf Fairless Hills stärkt die Präsenz von Verano im Bundesstaat und wird zu einer von 18 verbundenen Apotheken in Pennsylvania. Das Unternehmen betreibt außerdem eine 62.000 Quadratfuß große Anbau- und Verarbeitungsanlage in Chester, in der diverse Cannabisprodukte unter verschiedenen Marken hergestellt werden.

Positive
  • Opening of a new dispensary in a high-traffic area with 17,000 vehicles passing daily
  • First medical cannabis dispensary in Fairless Hills, potentially capturing a new market
  • Located in Bucks County, the fourth largest county in Pennsylvania with over 630,000 residents
  • Expansion to 18 affiliated dispensaries in Pennsylvania, strengthening market presence
  • Operation of a 62,000 square foot cultivation and processing facility in Chester
Negative
  • None.
  • Zen Leaf Fairless Hills, the Company’s newest affiliated dispensary in Pennsylvania, relocated from its former home in Chester to 203 Lincoln Highway, a busy thoroughfare with daily traffic of over 17,000 vehicles per day1
  • As the first medical cannabis dispensary in the city, Zen Leaf Fairless Hills will offer an elevated experience for area patients, including increased convenience and accessibility with numerous point-of-sale stations and kiosks for seamless in-store browsing and ordering
  • Verano’s active operations span 13 states, comprised of 142 dispensaries and 13 cultivation and processing facilities with more than 1 million square feet of cultivation capacity

CHICAGO, July 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 opening of Zen Leaf Fairless Hills in Pennsylvania on Friday, July 26th, following a ceremonial ribbon cutting at 11 a.m. local time. Zen Leaf Fairless Hills is located at 203 Lincoln Highway and will be open Monday through Saturday from 9 a.m. to 8 p.m. and Sunday from 10 a.m. to 6 p.m. local time.

The dispensary is located in Bucks County, the fourth largest county in the Commonwealth with a total population of over 630,0002 residents. To increase accessibility and convenience, Zen Leaf Fairless Hills features large in-store kiosks and numerous point-of-sale stations to enhance the browsing and ordering experience for patients. To celebrate the grand opening of Zen Leaf Fairless Hills and following a ceremonial ribbon cutting, patients will be greeted with complimentary deals and doorbusters on featured branded products.

“We are excited to bring the Zen Leaf experience to local patients in Fairless Hills, where our talented team members will continue to deliver hospitality-driven care and top-quality products for local patients,” said George Archos, Verano Founder and Chief Executive Officer. “As the Pennsylvania medical cannabis patient population continues to grow, we are grateful for the opportunity to deepen our roots in Bucks County at our newest Zen Leaf location in the Commonwealth, and look forward to providing a warm and welcoming environment for current and future patients.”

Zen Leaf Fairless Hills adds another convenient outlet for Philadelphia area patients, and solidifies Verano’s footprint in the state as one of the Company’s 18 affiliated Pennsylvania dispensaries. Verano’s Pennsylvania operations also include a state-of-the-art 62,000 square foot cultivation and processing facility in Chester, where the Company produces its signature Verano Reserve flower and Troches, concentrates and vapes; (the) Essence and Savvy flower and extracts; and Avexia RSO cannabis oil and topicals. For additional convenience and accessibility, patients can choose to order ahead at ZenLeafDispensaries.com for express in-store pickup.

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 provides a superior cannabis shopping experience in medical and adult use markets under the Zen Leaf and MÜV dispensary banners, including Cabbage Club, an innovative annual membership program offering exclusive benefits for cannabis consumers. Verano produces a comprehensive suite of high-quality, regulated cannabis products sold under its diverse portfolio of trusted consumer brands including Verano, (the) Essence, MÜV, Savvy, BITS, Encore, and Avexia. Verano’s active operations span 13 U.S. states, comprised of 13 production facilities with over 1,000,000 square feet of cultivation capacity. Learn more at 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, its quarterly report on Form 10-Q for the quarter ended March 31, 2024 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 Company makes no assurances and cannot predict the outcome of all or any part of the on-going litigation with Goodness Growth referenced in this press release, including whether the Company will prevail on its Notice of Application and its counterclaim, or whether Goodness Growth will prevail on its claim for damages against the Company. 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 Pennsylvania Department of Transportation
2 United States Census Bureau


FAQ

When did Verano open Zen Leaf Fairless Hills dispensary in Pennsylvania?

Verano opened Zen Leaf Fairless Hills dispensary in Pennsylvania on July 26, 2024.

Where is the new Zen Leaf Fairless Hills dispensary located?

The new Zen Leaf Fairless Hills dispensary is located at 203 Lincoln Highway in Fairless Hills, Pennsylvania.

How many affiliated dispensaries does Verano (VRNOF) now have in Pennsylvania?

With the opening of Zen Leaf Fairless Hills, Verano now has 18 affiliated dispensaries in Pennsylvania.

What are the operating hours of Zen Leaf Fairless Hills dispensary?

Zen Leaf Fairless Hills is open Monday through Saturday from 9 a.m. to 8 p.m. and Sunday from 10 a.m. to 6 p.m. local time.

What products does Verano (VRNOF) produce at its Pennsylvania cultivation facility?

Verano produces Verano Reserve flower and Troches, concentrates, vapes, Essence and Savvy flower and extracts, and Avexia RSO cannabis oil and topicals at its Pennsylvania cultivation facility.

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