Mr. George Archos reports

VERANO SUBMITS DEA REGISTRATION APPLICATIONS FOR STATE-LICENSED MEDICAL CANNABIS BUSINESSES FOLLOWING LANDMARK FEDERAL RESCHEDULING ORDER

Verano Holdings Corp. has submitted applications with the U.S. Drug Enforcement Agency to register certain state-licensed medical cannabis operations, pursuant to the expedited registration pathway provided by the federal rescheduling of medical marijuana to Schedule III of the Controlled Substances Act.

"Submitting the DEA licence applications marks a significant step forward for Verano on our path to becoming a federally legal business," said George Archos, Verano founder, chairman and chief executive officer. "Verano has embraced a medical and patient-first ethos since day one, and, with medical cannabis sales accounting for a majority of our retail business, we look forward to unlocking the full medical, research and commercial potential of cannabis under the new Schedule III designation."

Verano's active operations span 13 U.S. states, composed of 162 Zen Leaf and MUV dispensaries and 14 production facilities with more than 1.1 million square feet of cultivation capacity. B-roll footage and images are available for download in Verano's media kit on the company's investor website.

About Verano Holdings Corp.

Verano, 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, composed of 14 production facilities with over 1.1 million square feet of cultivation capacity.

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