---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-033491"
form_type: "8-K"
ticker: "VRNO"
cik: "0001848416"
company_name: "Verano Holdings Corp."
filed_at: "2024-08-22T23:59:59+00:00"
generated_at: "2026-05-31T08:07:16.664105+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Verano closes $105M acquisition of Cannabist's Virginia and Arizona assets

## Summary
- Total consideration for Virginia subsidiary was $90M: $20M cash, $40M in Verano shares, $30M promissory note at 7% interest.
- Arizona operations acquired for $15M in cash; adds cultivation facilities and two dispensaries (Tempe, Prescott).
- Verano becomes exclusive operator in HSA 5 in Eastern Virginia (2M residents, 14M annual tourists) with 6 dispensaries.
- Deal expands Verano's footprint to 14 states, 15 cultivation/production facilities, and 150 dispensaries nationwide.
- Promissory note matures in two years; monthly payments of $1.75M for first 12 months, then $750K.

## SEC filing metadata
- accession: 0001493152-24-033491
- form_type: 8-K
- ticker: VRNO
- cik: 0001848416
- company_name: Verano Holdings Corp.
- filed_at: 2024-08-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 2.03, 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1848416/000149315224033491/0001493152-24-033491-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1848416/000149315224033491/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-033491
- JSON: https://secwatch.observer/filing/0001493152-24-033491.json
- Plain text: https://secwatch.observer/filing/0001493152-24-033491.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.