Mr. George Archos reports

VERANO STRENGTHENS RETAIL FOOTPRINT IN THE SUNSHINE STATE WITH OPENING OF MUV LEHIGH ACRES, THE COMPANY'S 84TH FLORIDA DISPENSARY AND 161ST LOCATION NATIONWIDE

Verano Holdings Corp. will hold the grand opening of MUV Lehigh Acres on Friday, March 20, elevating the company's Florida retail footprint to 84 MUV locations and 161 dispensaries nationwide. Situated at 902 Lee Blvd., the MUV Lehigh Acres grand opening will take place from 9 a.m. to 7 p.m. through Saturday and Sunday from 11 a.m. to 5 p.m. local time, with extended hours beginning Monday, March 23. Beginning on Monday, March 23, MUV Lehigh Acres' new permanent hours will be from Monday to Saturday from 9 a.m. to 8 p.m. and Sunday from 10 a.m. to 5 p.m.

Situated in Lee county east of Fort Myers, MUV Lehigh Acres complements five existing MUV dispensaries in the area, including locations in Bonita Springs, Cape Coral, Fort Myers Beach, Fort Myers-Cypress and Fort Myers-Colonial.

"We're excited to drive further momentum for our Florida business and broaden access for area patients with the opening of MUV Lehigh Acres, our sixth MUV location in Lee county," said George Archos, founder and chief executive officer of Verano. "Our MUV Lehigh Acres team looks forward to offering our expanding portfolio of award-winning products that support the health and wellness of the local medical cannabis community."

In recent months, Verano has added an array of new products and formats to its growing Florida portfolio, including Savvy 10-pack barrel-style prerolls that offer convenience and affordability, and the company's award-winning line of Avexia topicals featuring pain relief balms, lotions and bath soaks designed to alleviate localized pain in a variety of fast-acting formats that are carefully crafted with a special blend of high-quality cannabinoids and essential oils. Verano also recently launched an exclusive partnership with Flower by Edie Parker to bring Petal Puffer all-in-one vapes and one-gram vape cartridges to the company's 84 MUV dispensaries statewide.

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 (the) Essence and Savvy flower, pre-rolls and extracts, spanning an extensive array of options for patients. In Florida, the company also offers one-on-one virtual and in-store consultations, at no cost to patients, and provides patient-centric concierge services by phone, e-mail, Web chat and text to address patient inquiries.

For additional convenience and accessibility, patients can visit the MUV website or the MUV mobile application -- available in the Apple App store -- for additional information and to place orders for express in-store pickup.

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 provides 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 Savvy, (the) Essence, Swift Lifts, Hyphen, Encore, Bits, Avexia, MUV, CTPharma and Verano. Verano's active operations span 13 U.S. states, comprising 14 production facilities with over 1.1 million square feet of cultivation capacity.

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