Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) (“Verano” or “the Company”), a leading multi-state cannabis company, today announced that its subordinate voting shares (including those traded on the OTCQX) are now eligible for electronic clearing and settlement through the Depository Trust Company (“DTC”) in the United States.
“DTC eligibility supports our objectives to enhance liquidity while expanding our shareholder base and is requisite in strengthening Verano’s presence in the U.S. capital markets,” said George Archos, Verano Founder and CEO. “With Verano shares now traded electronically, existing shareholders can benefit from greater liquidity and speed of trade execution, and new investors will be less restricted from participating in our stock.”
DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded companies. This electronic method of clearing securities simplifies the process of trading and transferring the Company’s common shares between brokerages in the United States.
Verano Holdings Corp. 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: Verano, Avexia, Encore, and MÜV™. The company’s portfolio encompasses 14 U.S. States, with active operations in 11, which includes nine production facilities comprising approximately 770,000 square feet of cultivation. Verano designs, builds, and operates dispensaries under retail brands Zen Leaf™ and MÜV™, delivering a superior cannabis shopping experience in both medical and adult-use markets. Learn more at www.verano.com.