Verano proposes redomicile from Canada to Nevada, one-for-one share exchange

Verano Holdings Corp.

Board approved plan to redomicile parent from British Columbia to Nevada; shareholder vote required.
Outstanding subordinate voting shares will be exchanged 1:1 for Nevada common stock.
No material impact on existing 13-state operations or Chicago headquarters.
Ticker symbols VRNO and VRNOF to remain unchanged on Cboe Canada and OTCQX.
Preliminary proxy statement filed Sept 12, 2025; board may still decide not to proceed.

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