UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01 Other Events.
In June 2023, the Alabama Medical Cannabis Commission (the “Commission”) awarded Verano Alabama, LLC (“Verano Alabama”), a joint venture established by Verano Holdings Corp. (the “Company”), one of five Vertical Integrated Facilities Licenses (the “Licenses”) after Verano Alabama received the highest score of the 38 eligible applications for the Licenses. On August 10, 2023, the Commission voted to void the awards of the Licenses from the June meeting and failed to re-award one of the Licenses to Verano Alabama. The Company believes Verano Alabama rightfully earned and was awarded a License, and the Commission did not have the authority to void the awards of the Licenses following the June meeting. The Company intends to defend its award of a License against what it regards as an arbitrary and capricious action, including pursuing all legal remedies available to Verano Alabama.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| VERANO HOLDINGS CORP. | ||
| Date: August 14, 2023 | By: | /s/ Laura Marie Kalesnik |
| Name: | Laura Marie Kalesnik | |
| Title: | Chief Legal Officer, General Counsel & Secretary | |