Verano completes 1-for-5 reverse stock split, reduces authorized shares to 1 billion

Verano Holdings Corp.

1-for-5 reverse stock split effective June 11, 2026; shares reduced from 367.7M to ~73.9M.
Authorized shares cut from 5 billion to 1 billion; no fractional shares issued; cash in lieu.
Split supports prospective uplist to a U.S. exchange; shares trade on Cboe Canada and OTCQX.
Normal course issuer bid amended to allow repurchase of up to 3,643,858 shares post-split.
Proportional adjustments to stock options, RSUs, and convertible securities.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.99

Verano Holdings Corp.: The Company filed a Certificate of Change with the Secretary of State of Nevada to effect a 1-for-5 reverse stock split of common stock and reduce authorized shares from 5,000,000,000 to 1,000,000,000, effective June 11, 2026 (effective 2026-06-11).

Change: charter amendment
Effective: 2026-06-11

Exact text from the filing

As previously disclosed, on June 2, 2026, Verano Holdings Corp. (the “Company”) filed a Certificate of Change (the “Certificate of Change”) with the Secretary of State of the State of Nevada to effectuate a 1-for-5 reverse stock split (the “Reverse Stock Split”) of the Company’s issued and outstanding shares of common stock, accompanied by a proportionate reduction in the number of authorized shares of common stock.

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Verano Holdings Corp. filing history →

Source: SEC EDGAR

accession 0001493152-26-028207

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