Mr. Joel Noonan reports

VERANO BROADENS RETAIL FOOTPRINT IN NORTHEAST FLORIDA WITH THE OPENING OF MUV YULEE, THE COMPANY'S 74TH FLORIDA LOCATION

Verano Holdings Corp. opened MUV Yulee on Friday, Jan. 5, the company's 74th Florida dispensary and 137th location nationwide. MUV Yulee, located at 463128 State Road 200, 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 Nassau county, which counts more than 90,000 residents, MUV Yulee enhances the company's footprint in the Jacksonville metropolitan area, accompanying MUV dispensaries in Jacksonville and Jacksonville Beach.

"We are so excited to welcome patients at MUV Yulee, the first medical cannabis dispensary in the community. Continuing on our expansion plans across the state, MUV Yulee is the 12th MUV location we've opened across Florida in the last year and our first of 2024, kicking off another busy season of retail expansion," said Joel Noonan, executive vice-president of the southern region. "With four MUV dispensaries in the Jacksonville area, we are thrilled to add another convenient location for northeast Florida patients to connect with our patient-centric advisers and access our wide variety of high-quality medical cannabis products."

MUV dispensaries feature on-line menus for effortless browsing of their extensive, award-winning product selection, including the company's signature Verano Reserve, MUV and Sweet Supply flower, Encore edibles, On the Rocks concentrates and extracts, and Savvy flower and extracts, spanning an array of categories. 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 visit the MUV website or the MUV mobile application -- available in the Google Play and Apple App stores -- for additional information and to place orders for express in-store pickup.

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, comprising 14 production facilities with over one million square feet of cultivation capacity.

We seek Safe Harbor.