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.
Benzinga's Cannabis Capital Conference Is Back
The most successful cannabis business event in the world, the Benzinga Cannabis Capital Conference, returns to Miami for its 16th edition. This is the place where DEALS GET DONE, where money is raised, M&A starts, and companies meet investors and key partners. Join us at the Fontainebleau Miami Beach Hotel in Florida on April 11-12. Don’t miss out. Secure your tickets now. Prices will surge very soon.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
BENZINGA CANNABIS CAPITAL CONFERENCE & AWARDS
The Benzinga Cannabis Awards are coming back to the September 27-28, 2023 Cannabis Capital Conference to celebrate the NEW, CREATIVE, INNOVATIVE, and OUTSTANDING companies of the cannabis industry.
- Earn global recognition for your achievements.
- Shine a spotlight on the people around you that deserve their moment.
- Celebrate with the newest, hottest and most successful in the cannabis industry.
Nominate or apply NOW and help us celebrate the people, solutions, and companies leading the way in cannabis!
Join us on September 27-28, 2023 at Chicago Marriott Downtown Magnificent Mile in Chicago, IL.