Mr. Joel Noonan reports

VERANO OPENS MUV(TM) SATELLITE BEACH, ELEVATING THE COMPANY'S RETAIL FOOTPRINT TO 72 FLORIDA DISPENSARIES AND 135 LOCATIONS NATIONWIDE

Verano Holdings Corp. will open MUV Satellite Beach on Friday, Oct. 27, the company's 72nd Florida dispensary and 135th location nationwide. MUV Satellite Beach, located on 106 Florida Highway A1A, 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.

Situated in Brevard county, which counts more than 606,000 residents, MUV Satellite Beach strengthens Verano's presence along the Atlantic Coast, complementing existing MUV dispensaries in Titusville, Merritt Island and West Melbourne.

"As we further expand our retail footprint across Florida, we're thrilled to open a new MUV dispensary in beautiful Satellite Beach, where we'll offer patients our extensive variety of high-quality cannabis products," said Joel Noonan, executive vice-president of the southern region. "Like the rest of Florida, Satellite Beach continues to experience population growth over the last decade, and we're excited for MUV to join this thriving community where our talented and compassionate team will proudly serve area patients for years to come."

MUV dispensaries feature on-line menus for effortless browsing of Verano's extensive, award-winning product selection spanning an array of categories, including Verano Reserve, MUV and Sweet Supply flower; Encore edibles; On the Rocks concentrates and extracts; and Savvy flower and extracts. MUV 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.

About Verano Holdings Corp.

Verano Holdings, one of the U.S. 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, comprising 14 production facilities with over one million square feet of cultivation capacity.

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