Verano Holdings announces 1-for-5 reverse stock split effective June 11, 2026

Verano Holdings Corp. approved a 1-for-5 reverse stock split to consolidate its outstanding shares from approximately 364.4 million to 72.9 million shares, positioning the company for a future listing on a major U.S. stock exchange. The move follows the company's redomiciling to Nevada and comes amid cannabis rescheduling developments, aimed at increasing institutional investor interest and stock price per share.