Cboe Canada Inc. has accepted a proposed plan of arrangement by Verano Holdings Corp. to, among other things: (i) continue from the jurisdiction of British Columbia, Canada, to the jurisdiction of the state of Nevada; and (ii) automatically exchange, on a one-for-one basis, the issued and outstanding subordinate voting shares of the corporation for common shares of the continued company domiciled in Nevada, as described in the corporation's management information circular and proxy statement dated Sept. 26, 2025, and approved by shareholders of the corporation on Oct. 27, 2025. Closing of the Transaction is subject to approval and receipt of a final order from the Supreme Court of British Columbia.

The restructuring is expected to close at the end of day, Monday, Nov. 3, 2025, and the corporation's common shares are expected to commence trading on Cboe Canada at the start of trading on Tuesday, Nov. 4, 2025.

In connection with the restructuring, the security attributes of the corporation will be updated as set out in the attached table.

All long orders will be cancelled and dealers are reminded to resubmit their long orders.

Additional information about the transaction may be found in the proxy statement, which is available on SEDAR+.

Updated security and trading information

Security name:  Verano Holdings

Symbol:  VRNO

New security type:  common share

New Cusip No.:  92339H 10 1

New ISIN:  US 92339H 10 1 4

Effective date:  Nov. 4, 2025 (start of trading)

Trading currency:  Canadian dollar

Designated market-maker:  Virtu Canada Corp.

Transfer agent and registrar:  Odyssey Trust Company