Mr. John Tipton reports

VERANO CONTINUES FLORIDA RETAIL EXPANSION WITH OPENING OF MUV VENICE, THE COMPANY'S 69TH FLORIDA LOCATION AND 130TH RETAIL LOCATION IN THE NATION

Verano Holdings Corp. will open MUV Venice on Friday, June 30, the company's 69th Florida dispensary and 130th retail outlet nationwide. MUV Venice is located at 4369 S. Tamiami Trail, and will be open Monday through Saturday from 9 a.m. to 7 p.m., and Sunday from 11 a.m. to 5 p.m., local time.

According to Florida's Office of Medical Marijuana Use, there are currently over 828,000 qualified medical cannabis patients in the state. Florida medical cannabis sales are projected to potentially reach $2.6-billion by 2027, as reported by MJBiz Factbook 2023.

"MUV Venice marks our fourth dispensary in Sarasota county, providing another convenient location for Florida's medical cannabis patients to access our wide variety of high-quality products," said John Tipton, president of the southern region. "We look forward to introducing our signature, elevated retail experience to the Venice community, and continuing to deliver on our promise to provide the best cannabis products and patient-centric hospitality to Florida's medical marijuana community."

As a demonstration of Verano's commitment to provide a convenient and reliable experience for Florida patients, MUV dispensaries feature on-line menus for effortless browsing of its extensive, award-winning product selection, including the company's signature Verano Reserve, MUV and Sweet Supply flower, Encore edibles, and Savvy flower and extracts. The company also offers one-on-one virtual and in-store consultations at no cost to patients, and provides patient-centric concierge services via phone, e-mail, Web chat and text to address patient questions and inquiries. For additional convenience and accessibility, patients can choose to order ahead at the MUV website, or through the MUV mobile application available in the Google Play and Apple App stores for express in-store pickup.

MUV's comprehensive product selection includes edibles, chocolates and lozenges, flower, prerolls, an array of vaporizer pens, concentrates, metered-dose inhalers, topicals and oral sprays, along with patented encapsulation formulations in its EnCaps capsules, tinctures, 72-hour transdermal patches, and transdermal gels.

About Verano Holdings Corp.

Verano Holdings, one of the United States cannabis industry's leading companies based on historical revenue, geographic scope and brand performance, is a vertically integrated, multistate 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 MUV dispensary banners, and produces a comprehensive suite of high-quality, regulated cannabis products sold under its diverse portfolio of trusted consumer brands, including Verano, MUV, Savvy, BITS, Encore and Avexia. Verano's active operations span 13 U.S. states, composed of 14 production facilities with over one million square feet of cultivation capacity.

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