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

Verano Holdings completed a 1-for-5 reverse stock split, reducing authorized shares from 5 billion to 1 billion as part of preparations for a U.S. exchange uplisting. The move reduces outstanding shares to approximately 73.9 million and aims to increase institutional investor interest ahead of the company's prospective listing on a major U.S. stock exchange.