other material
confidence high
sentiment neutral
materiality 0.60
Verano Holdings announces 1-for-5 reverse stock split effective June 11, 2026
Verano Holdings Corp.
- Reverse stock split ratio 1-for-5; effective 12:01 a.m. PT on June 11, 2026.
- Outstanding shares reduced from ~365M to ~73M as of June 4, 2026.
- No fractional shares; cash payment in lieu based on prior day closing price.
- Exercise prices and convertible securities adjusted proportionately.
- Common stock continues trading on Cboe Canada and OTCQX under symbol VRNO.