Verano Holdings Announces 1-for-5 Reverse Stock Split to Pursue U.S. Exchange Listing

Verano Holdings Corp. announced a reverse stock split of its common shares at a ratio of 1-for-5. The company intends for this action to help them meet listing requirements for prospective U.S. stock exchanges.

The reverse stock split consolidated every five existing shares of Verano common stock into one share. This became effective at the start of trading on an unmentioned date. Verano believes the reverse stock split will increase the per-share market price of its common stock, making it more attractive to investors and meeting the minimum share price requirements for listing on major U.S. stock exchanges.

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Date: June 1, 2026

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GOAI