Andrew Semple

Kenric Tyghe

Matt Bottomley

Russell Stanley

Scott Fortune

Aaron Grey

Matt McGinley

Spencer Hanus

Camilo Lyon

Mackenzie Boydston

Matthew Baker

Neal Gilmer

- Verano Holdings Corp. announced a special meeting to be held on **October 27, 2025**, at **9:30 a.m. (CDT)**, where shareholders will vote on a plan of arrangement and the proposed continuance of the company from British Columbia, Canada, to Nevada, USA.  **[1848416_0001493152-25-017003_ex99-1.htm:0]** **[1848416_0001493152-25-017003_form8-k.htm:1]** **[1848416_0001493152-25-017003_ex99-1.htm:3]** 
- Due to the ongoing **Canadian postal strike**, the company advises shareholders to **cast their votes online** as meeting materials may not be delivered by mail.  **[1848416_0001493152-25-017003_ex99-1.htm:0]** 
- Proxy votes will be accepted until at least **9:30 a.m. Central Time on October 24, 2025**.  **[1848416_0001493152-25-017003_ex99-1.htm:0]** 
- Shareholders wishing to exercise dissent rights must submit a written notice by **9:30 a.m. (PDT) on October 23, 2025**.  **[1848416_0001493152-25-017003_ex99-1.htm:0]**

Verano Holdings Corp. Provides Update on Special Meeting Voting Amid Canadian Postal Strike

- Verano Holdings is advising shareholders that the delivery of meeting materials for its upcoming special meeting on **October 27, 2025**, may be delayed due to an ongoing **Canadian postal strike**.  **[1848416_c9a486772fe74c7bae72e321aa6655ae_0]** 
- Shareholders are urged to **cast their votes online** by the extended proxy cut-off time of at least **9:30 a.m. Central Time on October 24, 2025**, to ensure their instructions are received in a timely manner.  **[1848416_c9a486772fe74c7bae72e321aa6655ae_0]** 
- The special meeting includes a proposal to approve a plan of arrangement and the continuance of the Company from British Columbia to Nevada, with registered shareholders having **dissent rights** that must be exercised by **9:30 a.m. (PDT) on October 23, 2025**.  **[1848416_c9a486772fe74c7bae72e321aa6655ae_1]** **[1848416_c9a486772fe74c7bae72e321aa6655ae_3]**

Verano Holdings Informs Shareholders of Postal Strike Impact on Special Meeting Materials and Voting Instructions

- Vireo Growth Inc. has entered into definitive agreements to acquire approximately **86% of the outstanding senior secured convertible notes** of Medicine Man Technologies Inc. (dba Schwazze) from third-party noteholders.  **[1848416_9af87f52e0f84bb7bb45e3d1151a1fe8_0]** 
- The acquisition is for a total consideration of approximately **$62 million**, payable in **subordinate voting shares** of Vireo at a deemed price of **$0.54 per share**.  **[1848416_9af87f52e0f84bb7bb45e3d1151a1fe8_0]** 
- The transaction is expected to **close later this month** (October 2025), subject to customary conditions and receipt of necessary approvals.  **[1848416_9af87f52e0f84bb7bb45e3d1151a1fe8_0]**

Vireo Growth Inc. to Acquire Schwazze Convertible Notes

- Verano Holdings Corp. secured a **US $75,000,000 revolving credit facility** on **September 30, 2025**, with Chicago Atlantic Admin, LLC acting as the administrative agent.  **[1848416_0001493152-25-016466_ex99-1.htm:0]** **[1848416_0001493152-25-016466_ex10-1.htm:0]** 
- The company immediately drew **US $50,000,000** from this facility to retire an equal amount of higher interest rate debt from its existing senior secured credit facility without incurring any prepayment penalty.  **[1848416_0001493152-25-016466_ex99-1.htm:0]** 
- The Revolver carries a floating annual interest rate of **SOFR plus 6%** (subject to a **4% SOFR floor**) and is set to mature on **September 29, 2028**.  **[1848416_0001493152-25-016466_ex99-1.htm:0]** 
- The remaining **US $25,000,000** from the facility is available to fund strategic initiatives, and it is secured by selected real estate.  **[1848416_0001493152-25-016466_ex99-1.htm:0]**

Verano Secures $75 Million Revolving Credit Facility

Verano Holdings (VRNOF)