Brief: Verano To Enter New York, Minnesota And New Mexico Markets With Proposed Acquisition Of Goodness Growth Holdings

Verano Holdings

01/02/2022 12:09

Feb 1 (Reuters) - VERANO:
    * VERANO TO ENTER NEW YORK, MINNESOTA AND NEW MEXICO MARKETS
WITH
PROPOSED ACQUISITION OF GOODNESS GROWTH HOLDINGS
    * VERANO - DEAL INCLUDES 18 ACTIVE DISPENSARIES; FIVE
CULTIVATION
AND PROCESSING FACILITIES
    * VERANO - WILL ACQUIRE ONE OF ONLY TWO
VERTICALLY-INTEGRATED
LICENSES IN MINNESOTA WHICH INCLUDES ONE CULTIVATION LICENSE AND
EIGHT ACTIVE DISPENSARIES
    * VERANO -  VERANO WILL ACQUIRE SHARES OF GOODNESS IN AN
ALL-SHARE
DEAL VALUED AT ABOUT US$413 MILLION ON A FULLY-DILUTED BASIS
    * VERANO -  DEAL INCLUDES A RESEARCH AND DEVELOPMENT
FACILITY AND
VIREO, 1937, LITEBUD, KINGS & QUEENS, HI-COLOR, AND AMPLIFI
PRODUCT BRANDS

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