Company Executives to Ring Opening Bell in Toronto, Marking Verano’s First Day of Trading on Cboe Canada

CHICAGO, Oct. 16, 2023 — Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company, announced that it has received final approval to commence trading of its Class A subordinate voting shares (the “Shares”) on Canada’s Neo Exchange Inc., operating as Cboe Canada (“Cboe Canada”), on October 18, 2023. The Shares will continue trading in Canada on Cboe Canada under the same symbol “VRNO” and in the U.S. on the OTCQX under the same symbol “VRNOF.”

“Today marks a significant step forward in Verano’s evolution as we continue to elevate our capital markets strategy,” said George Archos, Verano Founder and Chief Executive Officer. “We thank the Canadian Securities Exchange for their partnership during our initial launch into the public markets and look forward to forging our new partnership with Cboe Canada, which is part of a global platform across 26 markets. We believe this move will benefit our shareholders and we will continue to explore options to further strengthen our dynamic capital markets strategy, which we have built to evolve alongside our rapidly changing industry.”

The Shares will delist from the Canadian Securities Exchange at the close of market on October 17, 2023, before commencing trading on Cboe Canada the morning of October 18, 2023. Trading of the Company’s securities is not expected to be disrupted in any way and current shareholders do not need to take any action.

The bell ringing ceremony can be viewed at 9:20 a.m. ET at: https://cboe.zoom.us/webinar/register/5316973125648/WN_qTKn3oQdSm6v3KoJ5BToHQ#/registration

About Verano

Verano Holdings Corp. (CSE: 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, Savvy, BITS, Encore, and Avexia. Verano’s active operations span 13 U.S. states, comprised of 14 production facilities with over 1,000,000 square feet of cultivation capacity. Learn more at www.verano.com.