Mackenzie Boydston's questions to Verano Holdings (VRNOF) leadership • Q4 2021
Question
Mackenzie Boydston of BTIG inquired about Verano's current market standing and production ramp in Illinois. She also asked for an update on the closing timeline for the Goodness Growth acquisition and the potential market appetite for the Maryland assets that must be divested.
Answer
CEO George Archos reported that Illinois operations are improving with the introduction of the mid-tier 'Essence' brand, though market share recovery is hampered by litigation delaying new store openings. He anticipates the Goodness Growth transaction will close in Q4, potentially late Q4, and confirmed there is 'very strong' demand for the Maryland assets, with a formal divestiture process to begin soon.