Verano Market Expansion and Operations Overview
SCALABLE PLATFORM - CORE MARKETS
STATE
IL
FL
AZ
NJ
PA
OH
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MARKET SIZE
Population -12.7M
Medical and Adult Use markets
Population -21.5M
Medical market
Population -7.3M
Medical and Adult Use markets
Population -8.9M
Medical market (adult use approved)
Population 12.8M
Medical market
Population 11.7M
Medical market
ASSET DETAILS
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.
10 operating dispensaries (5 combined medical/adult-use, 5 adult-use)
192k sq. ft. indoor & greenhouse cultivation and manufacturing facility in Albion
41 dispensaries in operation
220k sq. ft. indoor cultivation and manufacturing facility in Apollo Beach
6 operating dispensaries
90k sq. ft. indoor cultivation and manufacturing facility in Coolidge (includes 60k sq. ft. expansion
underway) and a -20k sq. ft. cultivation in Winslow
3 operating dispensaries - Elizabeth, Neptune, and Lawrence
120k
sq. .ft. indoor cultivation and manufacturing facility In Branchburg with staggered expansion planned
to be completed by Q3 2021
13 operating dispensaries, with 5 additional planned
One 62k sq. ft. indoor cultivation and manufacturing facility in Chester; a second facility planned with sq.
ft. TBD (anticipated completion by Q3'22)
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5 operating dispensaries
NV
MD
Population-3.1M
Medical and adult-use market
Population -6.1M
Medical market
22k sq. ft. indoor cultivation and manufacturing facility
5 operating dispensaries*
2 indoor cultivation and manufacturing facilities; a 42k sq. ft. facility with expansion underway, and an
additional 10k sq. ft. facility
4 operating medical dispensaries
38k sq. ft. indoor cultivation facility - currently under expansion
* Includes the contribution from the pending acquisitions and the completion of planned construction. In addition, includes: (1) licenses directly owned, managed, or operated; (2) those licenses with which Verano has
executed management agreements or other commercial agreements; and/or (3) those licenses to which Verano has a purchase option.
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