Accretive M&A Activity - Connecticut
SCALABLE PLATFORM - DEVELOPING MARKETS*
STATE
MA
MI
•
MARKET SIZE
Population -6.9M
Medical and adult-use market
•
Population 10.0M
Medical and adult-use market
ASSET DETAILS
2 dispensaries in Sharon and Plymouth
•
26k sq. ft. indoor cultivation and manufacturing facility under development-set to open by end of Q3 2021
1 operating dispensary in Buchanan
CT
AR
Population -3.5M
Medical and adult-use market
Population ~3.0M
•
Medical market
2 dispensaries in Waterbury and Meriden
217k sq. ft. indoor cultivation and manufacturing facility
1 operating dispensary in El Dorado
SCALABLE PLATFORM - UNDER DEVELOPMENT*
STATE
WV
MARKET SIZE
Population 1.8M
Medical market
ASSET DETAILS
Approved for cultivation, processing, and 7 dispensaries
OTHER ASSETS NOT SHOWN:
1.
California: Majority stake in pesticide remediation business
2.
Missouri: 1 manufacturing license.
* Includes the contribution from the pending acquisitions and the completion of planned construction. In addition, includes: (1) licenses directly owned, managed, or operated;
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(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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