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Verano announces opening of the 45th Florida MÜV Medical Cannabis Dispensary in Hope Sound

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MÜV Hobe Sound is located at 10455 SE Federal Highway, a busy road with an average daily traffic of 25,500 vehicles 1 The dispensary is located in Florida’s famous “Treasure Coast”, an area known for its beaches and tourist attractions Verano’s active operations stretch across 13 Wilaya, consisting of 96 clinics and 12 planting and processing facilities with more than one million square feet of agricultural capacity

CHICAGO, April 29, 2022 (GLOBE NEWSWIRE) — Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF) (“Verano” or “the Company”), a leading multi-state cannabis company, has announced the opening of the MÜV Hobe Sound, The company’s 45th location in Florida and 96th nationwide. The MÜV Hobe Sound is located at 10455 SE Federal Highway and is open Monday through Saturday 9:00 AM to 7:00 PM, and 11:00 AM to 5:00 PM on Sundays local time.

As the first medical cannabis dispensary in an Atlantic Coast community of 13,163 residents2, MÜV Hobe Sound joins the company’s MÜV Stuart and Port Saint Lucie locations in Florida’s famous Treasure Coast, a tourist district with hundreds of locally owned restaurants, globally – Separate beaches, golf courses and many outdoor adventure activities 3.

“The opening of MÜV Hobe Sound, the community’s first medical cannabis dispensary, adds another convenient location for our patients on Florida’s beautiful Treasure Coast,” said John Tipton, President of Verano. “We are thrilled to add MÜV Hobe Sound to our growing footprint in Florida, where our dedicated team of compassionate cannabis counselors will provide our premium range of medicinal cannabis offerings to patients throughout the region for years to come.”

As a testament to their commitment to providing a comfortable and reliable experience to Florida patients, MÜV Clinics feature online menus for easy browsing of their comprehensive, award-winning range of products. For greater convenience and accessibility, patients can choose to pre-order at muvfl.com For express pick up from the store.

MÜV offers individual and in-store virtual consultations at no cost to the patient. MÜV’s comprehensive product portfolio includes foods, chocolates and lozenges, flowers, prepackaged wraps, and a range of vaporizer pens, concentrates, metered-dose inhalers, topicals, and oral sprays; Combined with patented encapsulation formulations in EnCaps™ capsules, tinctures, 72-hour transdermal patches and transdermal gels.

For more information on the new Hobe Sound medical cannabis dispensary, including opening hours and available MÜV products, visit muvfl.com.

About Verano

Verano is a leading, vertically integrated, multinational cannabis operator in the United States dedicated to the continuous improvement of community wellness by providing responsible access to regulated cannabis products. With a mission to meet the vital needs of health and wellness, Verano produces a comprehensive range of premium, innovative cannabis products sold under its trusted portfolio of consumer brands, including Verano™, Avexia™, Encore™ and MÜV™. Verano’s portfolio includes 15 US states, with active operations in 13, including 12 production facilities with more than 1,000,000 square feet of agricultural capacity. Verano designs, builds and operates dispensaries under retail brands including Zen Leaf™ and MÜV™, providing a superior cannabis shopping experience in both the medical and adult use markets. Learn more through www.verano.com.

Contacts:

Media Verano Steve Mazeca Director of Communications Steve.Mazeika@verano.com 312-348-4430

Investors Verano Julianna Paterra, CFA Director, Investor Relations Julianna.Paterra@verano.com

forward-looking statements

This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the United States Securities Litigation Reform Act of 1995. This information Forward-looking statements and forward-looking statements do not represent facts, historical information, or current state, but instead merely represent the Company’s beliefs regarding future events, plans or objectives, many of which are inherently uncertain and beyond the Company’s control. In general, such forward-looking information or forward-looking statements may be identified by the use of forward-looking terms such as “plans,” “expects,” “does not anticipate,” “forecast,” “budget,” “future,” “scheduled,” “estimates,” or “predict,” “intend,” “expect,” “do not anticipate,” “believe,” or various forms of these words and phrases may contain, or may contain, statements that some action, event or outcome “may,” “could,” “would” ‘, ‘may’ or ‘will be taken’, ‘will continue’, ‘will happen’ or ‘will come true’. The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements or information relating to the Company’s operations. Forward-looking information and statements include and are subject to assumptions, known and unknown risks, uncertainties and other factors that may cause actual events, results, performance or achievements of the Company to differ materially from future events, results and performance, and achievements expressed or implied by the forward-looking information and statements contained herein, Including, but not limited to, the risk factors discussed in the publicly available company filings on SEDAR at www.sedar.com. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information or forward-looking statements contained or referred to herein, except as may be required by applicable securities laws. All subsequent written and oral information and forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by this notice with respect to the forward-looking information and statements.

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