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Verano to Welcome Ohio Adult Use Cannabis Customers on August 6th at Company’s Zen Leaf Dispensaries to Commemorate Historic End of Cannabis Prohibition in the Buckeye State

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Verano Holdings Corp. (OTCQX: VRNOF) is set to begin adult use cannabis sales in Ohio on August 6th, 2024, at four of its five Zen Leaf dispensaries. This marks the end of cannabis prohibition in the state. Verano will open a sixth location in Antwerp, near the Indiana border. The company operates in 13 states with 142 dispensaries and 13 cultivation facilities. Verano recently announced an agreement to acquire operations in Eastern Virginia and Arizona, which will expand its presence to 14 states and 150 dispensaries.

Verano offers a wide range of cannabis products under various brands, including Verano™ Reserve, Savvy™, BITS™, Encore™ Edibles, and Avexia™. The company's CEO, George Archos, highlighted the significance of this milestone for Ohio, emphasizing job creation, economic development, and social progress.

Verano Holdings Corp. (OTCQX: VRNOF) inizierà le vendite di cannabis per uso adulto in Ohio il 6 agosto 2024, in quattro dei suoi cinque dispensari Zen Leaf. Questo segna la fine del divieto di cannabis nello stato. Verano aprirà anche una sesta sede ad Antwerp, vicino al confine con l'Indiana. L'azienda opera in 13 stati con 142 dispensari e 13 strutture di coltivazione. Recentemente, Verano ha annunciato un accordo per acquisire operazioni in Virginia Orientale e in Arizona, il che espanderà la sua presenza a 14 stati e 150 dispensari.

Verano offre un'ampia gamma di prodotti a base di cannabis sotto vari marchi, tra cui Verano™ Reserve, Savvy™, BITS™, Encore™ Edibles e Avexia™. Il CEO dell'azienda, George Archos, ha sottolineato l'importanza di questo traguardo per l'Ohio, evidenziando la creazione di posti di lavoro, lo sviluppo economico e il progresso sociale.

Verano Holdings Corp. (OTCQX: VRNOF) comenzará las ventas de cannabis para uso adulto en Ohio el 6 de agosto de 2024, en cuatro de sus cinco dispensarios Zen Leaf. Esto marca el final de la prohibición de la cannabis en el estado. Verano abrirá una sexta ubicación en Antwerp, cerca de la frontera con Indiana. La compañía opera en 13 estados con 142 dispensarios y 13 instalaciones de cultivo. Recientemente, Verano anunció un acuerdo para adquirir operaciones en Virginia Oriental y Arizona, lo que ampliará su presencia a 14 estados y 150 dispensarios.

Verano ofrece una amplia gama de productos de cannabis bajo varias marcas, incluyendo Verano™ Reserve, Savvy™, BITS™, Encore™ Edibles y Avexia™. El CEO de la compañía, George Archos, destacó la importancia de este hito para Ohio, enfatizando la creación de empleos, el desarrollo económico y el progreso social.

Verano Holdings Corp. (OTCQX: VRNOF)는 2024년 8월 6일에 오하이오주에서 네 곳의 Zen Leaf 약국에서 성인용 대마초 판매를 시작할 예정이다. 이는 주에서 대마초 금지의 끝을 의미한다. Verano는 인디애나 주 경계 근처 안트워프에 여섯 번째 매장을 열 예정이다. 이 회사는 13개 주에서 142개의 약국과 13개의 재배 시설을 운영하고 있다. 최근 Verano는 동부 버지니아와 애리조나의 운영 인수 합의 를 발표했으며, 이를 통해 14개 주와 150개의 약국으로의 진출이 확대될 예정이다.

Verano는 Verano™ Reserve, Savvy™, BITS™, Encore™ Edibles, Avexia™를 포함한 다양한 브랜드 하에 광범위한 대마초 제품을 제공한다. 회사의 CEO인 조지 아르코스(George Archos)는 이 이정표가 오하이오 주에 미치는 중요성을 강조하며, 일자리 창출, 경제 발전 및 사회 진전을 강조했다.

Verano Holdings Corp. (OTCQX: VRNOF) commencera les ventes de cannabis à usage adulte dans l'Ohio le 6 août 2024, dans quatre de ses cinq dispensaires Zen Leaf. Cela marque la fin de l'interdiction du cannabis dans l'État. Verano ouvrira un sixième emplacement à Antwerp, près de la frontière avec l'Indiana. La société opère dans 13 États avec 142 dispensaires et 13 installations de culture. Récemment, Verano a annoncé un accord pour acquérir des opérations en Virginie orientale et en Arizona, ce qui élargira sa présence à 14 États et 150 dispensaires.

Verano propose une large gamme de produits à base de cannabis sous différentes marques, y compris Verano™ Reserve, Savvy™, BITS™, Encore™ Edibles et Avexia™. Le PDG de l'entreprise, George Archos, a souligné l'importance de cette étape pour l'Ohio, en mettant l'accent sur la création d'emplois, le développement économique et le progrès social.

Verano Holdings Corp. (OTCQX: VRNOF) wird am 6. August 2024 mit dem Verkauf von Cannabis für Erwachsene in Ohio beginnen, und zwar in vier seiner fünf Zen Leaf-Apotheken. Dies markiert das Ende des Cannabisverbots im Bundesstaat. Verano wird auch eine sechste Niederlassung in Antwerpen, nahe der Grenze zu Indiana, eröffnen. Das Unternehmen ist in 13 Bundesstaaten mit 142 Apotheken und 13 Anbaustellen tätig. Kürzlich gab Verano eine Vereinbarung zur Übernahme von Betrieben in Virginia Ost und Arizona bekannt, wodurch sich die Präsenz auf 14 Bundesstaaten und 150 Apotheken ausweiten wird.

Verano bietet eine breite Palette von Cannabisprodukten unter verschiedenen Marken an, darunter Verano™ Reserve, Savvy™, BITS™, Encore™ Edibles und Avexia™. Der CEO des Unternehmens, George Archos, hob die Bedeutung dieses Meilensteins für Ohio hervor und betonte die Schaffung von Arbeitsplätzen, wirtschaftliche Entwicklung und sozialen Fortschritt.

Positive
  • Expansion into Ohio's adult use cannabis market, potentially increasing revenue
  • Opening of a sixth Zen Leaf dispensary in Antwerp, Ohio, near the Indiana border
  • Recent agreement to acquire operations in Eastern Virginia and Arizona, expanding to 14 states and 150 dispensaries
  • Diverse product portfolio across multiple cannabis brands
Negative
  • None.

Company Also Confirms Sixth Ohio Zen Leaf Dispensary Location in Antwerp - Near Indiana Border and City of Ft. Wayne, IN - Will Open in Near Future

CHICAGO, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced that after obtaining all required approvals, the Company will commence adult use cannabis sales in Ohio on Tuesday, August 6th at four of its five statewide Zen Leaf retail locations in Bowling Green, Canton, Cincinnati, and Dayton, with its Newark location expected to follow pending approval from state officials. Established in 2018, Verano’s Ohio operations also include a state-of-the-art 22,000 square foot cultivation and processing facility in Canton. Verano will also open a sixth Zen Leaf dispensary in Antwerp, Ohio, located within a 30-minute drive of Ft Wayne, Indiana, near the state border.

Nationally, 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. On July 29th, Verano announced an agreement with The Cannabist Company to acquire its Eastern Virginia operations subsidiary and its Arizona operations subsidiaries which, upon closing, will raise Verano’s geographic footprint to 14 states, 15 cultivation and production facilities, and 150 dispensaries nationwide.

“Today marks a significant step forward for Ohio, and the nation at large, as we celebrate the end of cannabis prohibition and turn the page on a new chapter that will deliver countless benefits for the Buckeye State in the form of job creation, economic development, investment, state and local revenue, and social progress,” said George Archos, Verano Founder and Chief Executive Officer. “We’re honored to participate in this historic milestone, and proud to stand alongside Ohioans as we make history together.”

Verano offers a wide range of high quality cannabis products sold at its Zen Leaf Ohio locations and third-party retailers throughout the state, including Verano Reserve flower; Savvy™ and Nectar flower, vaporizers, and cured resin edibles and extracts; BITS low-dose, high-function edibles; Encore Edibles hand-crafted cannabis gummies, hard candies, mints, caramels and chocolates; and Avexia topical lotion, balm, bath soaks, tinctures, and RSO products that are made to effortlessly enhance any self-care routine.

Current business hours at Zen Leaf Ohio locations in Canton, Cincinnati, Dayton and Newark are Monday through Sunday from 9 a.m. to 9 p.m. Zen Leaf Bowling Green is open 10 a.m. to 7 p.m. Monday through Friday, and 10 a.m. to 4 p.m. on Saturday (closed Sunday). For more information, visit Verano.com and ZenLeafDispensaries.com.

***MEDIA: Verano and Zen Leaf Assets, Contacts, and Dispensary Ribbon Cuttings***

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
Grace Bondy
Senior Manager, Communications
Grace.Bondy@verano.com

Investors
Verano
Julianna Paterra, CFA
Vice President, 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 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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FAQ

When will Verano (VRNOF) begin adult use cannabis sales in Ohio?

Verano will commence adult use cannabis sales in Ohio on Tuesday, August 6th, 2024, at four of its five Zen Leaf retail locations in Bowling Green, Canton, Cincinnati, and Dayton.

How many Zen Leaf dispensaries will Verano (VRNOF) operate in Ohio?

Verano will operate six Zen Leaf dispensaries in Ohio, with the sixth location opening in Antwerp, near the Indiana border.

What is the current operational footprint of Verano (VRNOF)?

Verano currently operates in 13 states, with 142 dispensaries and 13 cultivation and processing facilities totaling over 1 million square feet of cultivation capacity.

What brands does Verano (VRNOF) offer in its Ohio dispensaries?

Verano offers various brands in Ohio, including Verano™ Reserve, Savvy™, BITS™, Encore™ Edibles, and Avexia™, covering a wide range of cannabis products.

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