Verano Holdings Corp. Announces Shareholder Approval to Redomicile Parent Company from British Columbia to Nevada
Verano Holdings Corp (OTCQX: VRNOF) announced that shareholders approved the plan to redomicile the parent company from British Columbia to the State of Nevada at a Special Meeting held on October 27, 2025. Completion requires a Final Order from the British Columbia Supreme Court and additional filings in British Columbia and Nevada. The company said an employee strike at the British Columbia Registrar of Companies prevents a definitive completion date, and Verano plans to finalize the continuance as quickly as possible.
At the effective time, existing subordinate voting shares will exchange one-for-one for Nevada common stock and outstanding stock options and restricted stock units will be adjusted to reflect an equal number of Nevada shares. Verano operates across 13 U.S. states with 15 production facilities and over 1.1 million sq ft of cultivation capacity.
Verano Holdings Corp (OTCQX: VRNOF) ha annunciato che gli azionisti hanno approvato il piano di re-domiciliazione della società capogruppo dalla Columbia Britannica allo Stato del Nevada in un'Assemblea Straordinaria tenutasi il 27 ottobre 2025. Il completamento richiede un'Ordine Finale dalla British Columbia Supreme Court e ulteriori registrazioni in British Columbia e Nevada. L'azienda ha riferito che uno sciopero dei dipendenti presso il Registrar of Companies della British Columbia impedisce una data di completamento definitiva, e Verano intende finalizzare la continuazione il prima possibile.
All'ora effettiva, le azioni ordinarie subordinate esistenti scambieranno uno-per-uno per azioni comuni del Nevada e le opzioni azionarie in circolazione e le unità di azioni restritte verranno adeguate per riflettere un numero uguale di azioni del Nevada. Verano opera in 13 stati degli Stati Uniti con 15 impianti di produzione e oltre 1,1 milioni di piedi quadrati di capacità di coltivazione.
Verano Holdings Corp (OTCQX: VRNOF) anunció que los accionistas aprobaron el plan de redomiciliación de la sociedad matriz desde la Columbia Británica al Estado de Nevada en una Reunión Extraordinaria celebrada el 27 de octubre de 2025. La finalización requiere una Orden Final de la British Columbia Supreme Court y presentaciones adicionales en British Columbia y Nevada. La empresa dijo que una huelga de empleados en el Registro de Empresas de la Columbia Británica impide una fecha de finalización definitiva, y Verano planea completar la continuidad lo antes posible.
En la hora efectiva, las acciones con derecho de voto subordinado existentes se intercambiarán una por una por acciones comunes de Nevada y las opciones sobre acciones en circulación y las unidades de acciones restringidas se ajustarán para reflejar un número igual de acciones de Nevada. Verano opera en 13 estados de EE. UU. con 15 instalaciones de producción y más de 1,1 millones de pies cuadrados de capacidad de cultivo.
Verano Holdings Corp (OTCQX: VRNOF)는 주주들이 2025년 10월 27일에 개최된 특별주총에서 모회사인 브리티시컬럼비아주에서 네바다주로의 재거주 계획을 승인했다고 발표했다. 완료는 브리티시컬럼비아 대법원의 최종 명령과 브리티시컬럼비아 및 네바다 주의 추가 서류 제출이 필요하다. 회사는 브리티시컬럼비아 회사등록소의 직원 파업으로 확정적 완료일이 지연되고 있으며, Verano는 재연결을 가능한 한 빨리 최종화할 계획이라고 말했다.
발효 시점에 기존의 하위 의결권 주식은 일대일로 네바다주의 일반주식으로 교환되며, 미결제 주식매수선택권과 제한주식단위도 네바다 주식의 동등한 수를 반영하도록 조정될 것이다. Verano는 미국 13개 주에서 운영되며 생산시설 15개, 그리고 1.1백만 제곱피트의 재배 용량을 보유하고 있다.
Verano Holdings Corp (OTCQX: VRNOF) a annoncé que les actionnaires ont approuvé le plan de redomiciliation de la société mère de la Colombie-Britannique à l'État du Nevada lors d'une Assemblée Extraordinaire tenue le 27 octobre 2025. L'achèvement nécessite une Ordonnance Finale de la British Columbia Supreme Court et des dépôts supplémentaires en Colombie-Britannique et au Nevada. L'entreprise a indiqué qu'une grève des employés au Registrar of Companies de Colombie-Britannique empêche une date d'achèvement définitive, et Verano prévoit de finaliser la continuance le plus rapidement possible.
Au moment effectif, les actions ordinaires à droit de vote subordonné existantes échangeront un pour un contre des actions ordinaires du Nevada et les options sur actions en circulation et les unités d'actions restreintes seront ajustées pour refléter un nombre égal d’actions du Nevada. Verano opère dans 13 États américains avec 15 installations de production et plus de 1,1 million de pieds carrés de capacité de culture.
Verano Holdings Corp (OTCQX: VRNOF) gab bekannt, dass die Aktionäre den Plan zur Rückdomizilierung der Muttergesellschaft von British Columbia in den Staat Nevada auf einer Sondersitzung am 27. Oktober 2025 genehmigt haben. Der Abschluss erfordert eine Endanordnung des British Columbia Supreme Court und zusätzliche Einreichungen in British Columbia und Nevada. Das Unternehmen teilte mit, dass ein Streik von Mitarbeitern beim Registrar of Companies in British Columbia einen endgültigen Abschlusstermin verhindert, und Verano plant, die Continuance so schnell wie möglich abzuschließen.
Zum Wirksamkeitszeitpunkt werden vorhandene nachrangig stimmberechtigte Aktien eins-zu-eins gegen Nevada-Stammaktien umgetauscht, und ausstehende Aktienoptionen sowie Restricted Stock Units werden so angepasst, dass eine gleiche Anzahl von Nevada-Aktien reflektiert wird. Verano ist in 13 US-Bundesstaaten tätig, verfügt über 15 Produktionsanlagen und über 1,1 Millionen Quadratfuß an Anbaukapazität.
Verano Holdings Corp (OTCQX: VRNOF) أعلنت أن المساهمين وافقوا على خطة إعادة توطين الشركة الأم من كولومبيا البريطانية إلى ولاية نيفادا في اجتماع عام خاص عقد في 27 أكتوبر 2025. يتطلب الإكمال أمرًا نهائيًا من محكمة كولومبيا البريطانية العليا وتقديمات إضافية في كولومبيا البريطانية ونيفادا. قالت الشركة أن إضرابًا للموظفين في مكتب تسجيل الشركات في كولومبيا البريطانية يمنع تاريخ إكمال حاسم، وتخطط Verano لإتمام الاستمرار في أقرب وقت ممكن.
في وقت السريان، ستتبادل الأسهم العادية الفرعية القائمة واحد لواحد مقابل أسهم عادية في نيفادا وستتم تسوية خيارات الأسهم القائمة ووحدات الأسهم المقيدة لتعكس عددًا مساوياً من أسهم نيفادا. تعمل Verano عبر 13 ولاية أمريكية مع 15 منشأة إنتاج وأكثر من 1.1 مليون قدم مربع من قدرة الزراعة.
Verano Holdings Corp (OTCQX: VRNOF) 宣布股东在于2025年10月27日举行的特别会议上通过了将母公司从不列颠哥伦比亚省重新登记至内华达州的计划。完成需要 British Columbia 最高法院的最终命令以及在不列颠哥伦比亚省和内华达州的额外备案。公司表示，不列颠哥伦比亚省公司注册处的员工罢工阻碍了最终完成日期，Verano 计划尽快完成延续程序。
在生效时，现有的下级表决权普通股将以一比一的比例换成内华达州普通股，未偿股票期权和受限股票单位将被调整，以反映等量的内华达州股票。Verano 在 13 个美国州运营，拥有 15 生产设施，以及超过 110 万平方英尺的种植产能。
- Shareholders approved redomicile plan on Oct 27, 2025
- Existing shares will exchange one-for-one for Nevada common stock
- Outstanding options and RSUs will be adjusted to receive equal Nevada shares
- Operations span 13 U.S. states with 15 production facilities
- Completion date uncertain due to employee strike at British Columbia Registrar
- Redomicile requires British Columbia Supreme Court Final Order and additional filings
CHICAGO, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX: VRNOF) (“Verano” or the “Company”), a leading multi-state cannabis company, today announced that the plan the Company previously outlined to redomicile Verano Holdings Corp. from British Columbia, Canada, to the State of Nevada was approved by shareholders at the Company’s Special Meeting of Shareholders (“Special Meeting”) held on October 27, 2025.
Completing the redomicile requires the British Columbia Supreme Court to issue a Final Order, along with additional required filings in both British Columbia and Nevada. Due to an employee strike at the British Columbia Registrar of Companies, the Company cannot provide a definitive date on when the completion will occur, but the Company plans to finalize the redomicile as expediently as possible.
Pursuant to the Company’s plan of arrangement, at the effective time, Verano will continue from the jurisdiction of British Columbia, Canada to the jurisdiction of the State of Nevada (the “Continuance”). Upon completion of the Continuance, the issued and outstanding subordinate voting shares of the British Columbia-formed Verano Holdings Corp. will automatically be exchanged on a one-for-one basis for shares of common stock of the continued Verano Holdings Corp. domiciled in Nevada (“Nevada Common Stock”). Each of the Company’s outstanding stock options and restricted stock units will be deemed to be adjusted pursuant to the terms of the Company’s Stock and Equity Incentive Plan and became a stock option and a restricted stock unit to receive an equal number of shares of Nevada Common Stock, respectively.
For more information on Verano Holdings Corp., please visit the Company’s investor website: https://investors.verano.com/.
Verano B-Roll Video and Images: available for download in Verano’s Media Kit (credit “courtesy of Verano”).
About Verano
Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX: VRNOF), one of the U.S. cannabis industry’s leading companies based on historical revenue, geographic scope and brand performance, is a vertically integrated, multi-state 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 MÜV™ dispensary banners, including Cabbage Club™, an innovative annual membership program offering exclusive benefits for cannabis consumers. Verano produces a comprehensive suite of high-quality, regulated cannabis products sold under its diverse portfolio of trusted consumer brands including Verano™, (the) Essence™, MÜV™, Savvy™, BITS™, Encore™, and Avexia™. Verano’s active operations span 13 U.S. states, comprised of 15 production facilities with over 1.1 million square feet of cultivation capacity. Learn more at Verano.com.
Investors
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Steve.Mazeika@verano.com
Forward Looking Statements
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company’s beliefs regarding future events, plans, strategies, or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s control. Generally, such forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “future”, “scheduled”, “estimates”, “forecasts”, “projects,” “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases, or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. Forward-looking statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking statements herein, including, without limitation, the risk factors described in the Company’s annual report on Form 10-K for the year ended December 31, 2024 and any subsequent quarterly reports on Form 10-Q, in each case, filed with the U.S. Securities and Exchange Commission at www.sec.gov. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information or forward-looking statements that are contained or referenced herein, except as may be required in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice regarding forward-looking information and statements.
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