Verano Holdings Corp.

Verano Holdings Corp. is a vertically integrated, multi-state operator in the U.S. cannabis industry. The company operates licensed cannabis cultivation, processing, wholesale distribution, and retail facilities. As of March 10, 2026, Verano operates businesses in 13 states, including 160 retail dispensaries and 14 cultivation and processing facilities with over 1.1 million square feet of cultivation capacity. Verano produces various cannabis products under its consumer brands, which include Encore™, Avexia™, MÜV™, Savvy™, (the) Essence™, BITS™, HYPHEN™, Swift Lifts™, and Verano™. The company also designs, builds, and operates branded dispensaries under retail banners such as Zen Leaf™ and MÜV™, serving both medical and adult use markets. The U.S. cannabis industry operates on a state-by-state basis due to federal law prohibiting the transport of cannabis across state lines.