Verano Holdings Corp. VRNOF VRNO has simplified its capital structure by completing the conversion of all its outstanding class B proportionate voting shares (“PV shares”) into class A subordinate voting shares (“SV shares”), resulting in one class of outstanding shares.
Each PV share was converted into 100 SV shares pursuant to the terms of the company’s articles. The rights and preferences of the SV shares and the PV shares are the same, except that the converted PV shares were entitled to economic and voting rights 100 times the economic and voting rights of the SV shares, which formed the basis for the conversion ratio of 100 SV shares per PV share. The SV shares are listed on the Canadian Securities Exchange under the symbol “VRNO” and are also quoted for trading in the U.S. on the OTCQX under the symbol “VRNOF”. The PV shares were not listed or quoted for trading. As of March 24, 2023, post conversion, Verano had 341.8 million SV shares outstanding.
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The Benzinga Cannabis Capital Conference is coming to Florida
The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.
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