Verano Graduates Public Listing to Cboe Canada
With CAD $2Bn+ Market Cap, Verano Becomes Largest Corporate Issuer on Cboe Canada
Toronto | October 18, 2023 – Cboe Canada, the new business name of the NEO Exchange, is proud to welcome Verano Holdings Corp. (“Verano” or the “Company”), a leading U.S. multi-state cannabis company, as they graduate to Cboe Canada, a Canadian Tier 1 exchange. Verano is now available for trading on Cboe Canada under the symbol VRNO.
Headquartered in Chicago, Verano is one of the largest publicly listed U.S. MSOs. On a mission to address vital health and wellness needs, the Company provides responsible access to regulated cannabis products through 14 cultivation and production facilities and 134 retail locations operating across 13 states. Verano is now also the largest company listed on Cboe Canada, with a market capitalization of over $2 Billion CAD.
“In light of recent news and movement within the U.S. cannabis space, today’s listing on Cboe Canada, which is part of a global network of exchanges across 26 marketplaces, is an intentional and strategic decision,” said George Archos, Verano Founder and Chief Executive Officer. “We believe that this move positions Verano for continued growth and expansion as we evolve in tandem with the rapidly changing industry. We see this as a winning combination for Verano and our shareholders.”
Investors can trade shares of VRNO through their usual investment channels, including discount brokerage platforms and full-service dealers.
“This uplisting reflects the bold strategic plan at the heart of Verano’s operations. Graduating to a senior exchange positions Verano on a launch pad, at the ready for legislative progress on a federal level in the U.S.,” commented Jos Schmitt, President and CEO of Cboe Canada. “We expect that Verano’s decision to list on Cboe Canada will provide them with the liquidity, investor exposure, and international benchmark eligibility needed to sharpen their competitive edge and continue to execute on their plans for growth. We are honoured to share this milestone achievement with Verano and look forward to supporting them in the years to come.”
Cboe Canada is home to over 250 unique listings, including some of the most innovative Canadian and international growth companies, Canadian Depositary ReceiptsTM (CDRs), and ETFs from Canada’s leading ETF issuers. Cboe Canada and its affiliates consistently facilitate over 15% of all volume traded in Canadian-listed companies, and more than 20% of all volume traded in Canadian ETFs.
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About Cboe Canada
Cboe Canada, the new business name of the NEO Exchange, is Canada’s Tier 1 stock exchange for the purpose-driven Innovation Economy, providing a best-in-class listing experience for issuers that are shaping the economies of tomorrow. Fully operational since 2015, Cboe Canada lists companies and investment products seeking an internationally recognized stock exchange that enables investor trust, quality liquidity, and broad awareness including unfettered access to market data.
Cboe Canada is part of the Cboe Global Markets network, leveraging deep international expertise, industry-leading market intelligence and technology, and unparalleled service to deliver what stakeholders and the world need now, and for the future. Cboe Canada is an affiliate of Cboe MATCHNow.
Verano Holdings Corp. (NEO: 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 offers a superior cannabis shopping experience in medical and adult use markets under the Zen Leaf™ and MÜV™ dispensary banners and produces a comprehensive suite of high-quality, regulated cannabis products sold under its diverse portfolio of trusted consumer brands including Verano™, MÜV™, Savvy™, BITS™, Encore™, and Avexia™. Verano’s active operations span 13 U.S. states, comprised of 14 production facilities with over 1,000,000 square feet of cultivation capacity. Learn more at www.verano.com.
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