Verano Announces Closing of Connecticut Pharmaceutical Solutions, Inc and Caring Nature, LLC Transactions

In consummating the transactions, Verano acquired all of the issued and outstanding equity interests of Caring Nature, LLC, which holds an active dispensary in Waterbury, Connecticut, and Connecticut Pharmaceutical Solutions, Inc., which holds an operating cultivation and production facility in Rocky Hill, Connecticut.
The accretive acquisitions affirm Verano's vertical integration in Connecticut, one of the most recent states to pass adult-use legislation, and follow the Company's recent acquisition of an active dispensary in Meriden that closed on October 25, 2021
Verano's operational footprint spans 12 states, ten vertically integrated, and counts 93 dispensaries and over 1,000,000 sq. ft. of total cultivation capacity nationwide.

(Photo: Verano/ GLOBE NEWSWIRE)

Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) ("Verano" or the "Company"), a leading multi-state cannabis company, today announced the closing of its previously announced (November 10, 2021) transactions to acquire all of the issued and outstanding equity interests of Caring Nature, LLC and Connecticut Pharmaceutical Solutions, Inc. Collectively, these acquisitions expand Verano's presence on the East Coast with the addition of vertically integrated operations in the attractive Connecticut market.

Transaction Highlights

Caring Nature, LLC
The acquisition of all of the equity interests of Caring Nature, LLC includes one active dispensary in Waterbury, Connecticut.

Connecticut Pharmaceutical Solutions, Inc.
The acquisition of all of the equity interests of Connecticut Pharmaceutical Solutions, Inc. includes an active, 216,532 sq. ft. state-of-the-art cultivation and production facility in Rocky Hill, Connecticut.