Mr. George Archos reports

VERANO EXPANDS FLORIDA RETAIL FOOTPRINT TO 87 LOCATIONS WITH GRAND OPENING OF MÜV FERNANDINA BEACH, THE comPANY'S 164TH DISPENSARY NATIONWIDE

Verano Holdings Corp. will hold the grand opening of MUV Fernandina Beach on Friday, Nov. 6, raising the company's Florida retail footprint to 87 MUV locations and 164 dispensaries nationwide.

• Situated on the scenic Amelia Island in Florida's Nassau County, MUV Fernandina Beach is located at 1940 S 8th St., a busy thoroughfare that averages a daily traffic count of 20,100 vehicles daily;
• MUV Fernandina Beach is the company's second location to open in Florida's Nassau county, joining MUV Yulee;
• Verano's active operations span 13 states, comprising 164 dispensaries and 14 cultivation and processing facilities with more than 1.1 million square feet of cultivation capacity.

MUV Fernandina Beach, located at 1940 S 8th St., will be open Monday to Saturday from 9 a.m. to 8 p.m. and Sunday from 10 a.m. to 5 p.m. local time. MUV Fernandina Beach complements MUV Yulee in Florida's Nassau county, a region with over 106,000 residents.

In celebration of the grand opening, MUV Fernandina Beach will host a ceremonial ribbon cutting on Friday, Nov. 6, at 9 a.m. local time. To mark the grand opening and honour the local medical cannabis community, patients can expect doorbuster deals up to 60-per-cent off storewide on items that include some of Florida's favourite cannabis brands and products, swag bags, and exclusive MUV t-shirts while supplies last.

"We are thrilled to expand patient accessibility and convenience in the Sunshine State with the opening of MUV Fernandina Beach, our second MUV dispensary in beautiful Nassau county," said George Archos, Verano founder and chief executive officer. "Our MUV team is ready to provide exceptional hospitality, expertise and care by offering our extensive portfolio of award-winning, top quality medical cannabis products for local patients, and we're excited to plant roots and positively contribute to the Fernandina Beach community for years to come."

Verano has continued to introduce an array of new products and formats to its growing Florida portfolio, including the revolutionary Hyphen all-in-one vape pod system featuring a modular battery design that offers patients the freedom and flexibility to use a variety of oils, sizes and formats without the hassle of juggling between different devices. The company also launched Savvy 10-pack barrel-style prerolled joints that seamlessly combine quality and convenience, and its award-winning line of Avexia topicals featuring pain relief balms, lotions and bath soaks designed to alleviate localized pain in a variety of fast-acting formats that are carefully crafted with a special blend of high-quality cannabinoids and essential oils. Additionally, Verano's exclusive partnership with Flower by Edie Parker positions the company's 87 MUV locations as the only Florida medical cannabis dispensaries where patients can access the brand's popular accessories, Petal Puffer all-in-one vapes and one-gram vape cartridges.

MUV dispensaries feature on-line menus for effortless browsing of their extensive, award-winning product selection, including the company's signature Verano Reserve, MUV and Sweet Supply flower; Encore and MUV edibles; On the Rocks concentrates and extracts; (the) Essence, Savvy and MUV flower, prerolls and extracts; the Hyphen vape pod system, and more. In Florida, the company also offers one-on-one virtual and in-store consultations at no cost to patients, and provides patient-centric concierge services via phone, e-mail, Web chat and text to address patient inquiries.

About Verano Holdings Corp.

Verano Holdings, one of the United States cannabis industry's leading companies based on historical revenue, geographic scope and brand performance, is a vertically integrated, multistate operator embracing a mission of saying yes to plant progress and the bold exploration of cannabis. Verano provides a superior cannabis shopping experience in medical and adult use markets under the Zen Leaf and MUV dispensary banners, and produces a comprehensive suite of high-quality, regulated cannabis products sold under its diverse portfolio of trusted consumer brands including Savvy, (the) Essence, Swift Lifts, Hyphen, Encore, Easy Landings, Bits, Avexia, MUV, CTPharma and Verano. Verano's active operations span 13 U.S. states, comprising 14 production facilities with over 1.1 million square feet of cultivation capacity.

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