Source: Verano Investor Presentation, February 2021 The Newly Created MSO’s Footprint Source: Verano Investor Presentation, February 2021 In their investor deck, Verano categorizes their operations into core states and key developing states. With no private shares and all shareholders holding public shares, the private company has effectively become a publicly with no IPO. Specifically in this case, Verano will acquire enough shares of Majesta Minerals to take over control, then exchange Verano shareholders’ shares of Verano stock to Majesta Minerals stock but rename the resulting company to “Verano Holdings”. Verano is definitely a true contender for the multi-state operator crown and worth a hard look from any cannabis investor. On December 15th, 2020, Verano Holdings, LLC announced it will be going public. In addition, while the smallest in terms of trailing twelve-month (TTM) revenue, Verano has the second-highest EBITDA margin of 46%.
On December 15th, 2020, Verano Holdings, LLC announced it will be going public.
But rather than completing an initial public offering (IPO), the go-public transaction will include a reverse takeover (RTO) of Majesta Minerals Inc. and a merger with AltMed, which was announced...
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