Vireo and Verano Settle Litigation with $10 Million Agreement, Paving Future Growth

Vireo and Verano have settled a complex lawsuit with a $10 million agreement, facilitating future growth and collaboration between the two companies in the cannabis sector.

• The Settlement (litigation) between Vireo and Verano includes the acquisition of certain real estate assets valued at approximately US$9 million and US$1 million in cash.
• Both companies’ Boards of Directors approved the agreement, signaling a commitment to resolve ongoing disputes and focus on long-term strategies.
• The resolution of this Lawsuit allows Vireo to strengthen its position in the cannabis market, potentially enhancing its operations listed on the OTC Markets Group.