Vireo, Verano reach settlement of dispute

Executive Summary

• Vireo Growth Inc. and Verano Holdings Corp. have resolved all pending litigation in the Supreme Court of British Columbia through a comprehensive settlement.
• The settlement provides Vireo with approximately US $10 million in real‑estate assets and US $1 million in cash.
• Both boards approved the agreement, allowing each company to refocus on its strategic priorities without legal distraction.

Key Details

• Settlement fully dismisses all outstanding litigation matters between Vireo Growth Inc. and Verano Holdings Corp. pending before the Supreme Court of British Columbia.
• Value to Vireo: ~US $10 million in acquisition of specified real‑estate assets plus US $1 million cash consideration.
• The settlement agreement was approved by the boards of directors of both companies.
• Both parties issued a joint statement emphasizing that the resolution enables them to concentrate on their respective strategic priorities and deliver long‑term shareholder value.

Notable Quotes

• “This settlement allows both Vireo and Verano to focus fully on their respective strategic priorities without the distraction of ongoing litigation between the parties.” – Joint statement from Vireo Growth Inc. and Verano Holdings Corp.