{"url_path":"/sec/vrno/8-k/2026-06-01/item-8-01","section_key":"item-8-01","section_title":"Item 8.01 ****Other Events.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-01","source_url":"https://www.sec.gov/Archives/edgar/data/1848416/0001493152-26-026522-index.html","accession_number":"0001493152-26-026522","cik":"0001848416","ticker":"VRNO","issuer_name":"Verano Holdings Corp.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1848416/0001493152-26-026522-index.html","primary_entity_key":"0001848416","primary_entity_name":"Verano Holdings Corp."},"word_count":1102,"has_tables":true,"body_markdown":"**Item 8.01****Other Events.**\n\n** **\n\n**Announcement\nof Reverse Stock Split**\n\n** **\n\nOn\nJune 1, 2026, Verano Holdings Corp. (the “Company”) announced a 1-for-5 reverse stock split (the “Reverse Split”)\nof the Company’s issued and outstanding common stock, par value $0.001 (the “Common Stock”) pursuant to authority granted\nto its Board of Directors under the Company’s Articles of Incorporation. The Reverse Split is scheduled to become effective on\nor about June 11, 2026. As a result of the Reverse Split, every five shares of outstanding Common Stock will be combined into one share\nof the same class. No fractional shares will be issued in connection with the Reverse Split; stockholders who would otherwise be entitled\nto receive a fractional share will instead receive a cash payment equal to the fair market value of such fractional share based on the\nclosing price of the Common Stock on Cboe Canada Exchange Inc. on the trading day preceding the effective date of the Reverse Split.\nThe total number of outstanding shares of Common Stock will be proportionally reduced by the Reverse Split from 364,381,806 to 72,876,361,\nbased on the shares of Common Stock outstanding on May 29, 2026. In addition, the Company will file a Certificate of Change to reduce\nthe number of authorized shares of Common Stock from 5,000,000,000 to 1,000,000,000.\n\n \n\nAs\na result of the Reverse Split, stockholders of record owning immediately prior to the effective time of the Reverse Stock Split fewer\nthan 5 shares of Common Stock, would be entitled to a fraction of a share of Common Stock and will be paid cash in lieu of such fraction\nof a share of Common Stock, on the basis described above without interest (the “Cash Payment”), for each share of Common\nStock held by such holder (the “Cashed Out Stockholders”) immediately prior to effective time, and the Cashed Out Stockholders\nwould no longer be stockholders of the Company. The Reverse Stock Split will apply to all of the outstanding shares of common stock outstanding\nat the effective time of the Reverse Stock Split, and therefore will not affect any stockholder’s ownership percentage of shares\nof common stock, except for de minimis changes resulting from the payment of cash in lieu of fractional shares.\n\n \n\nThe\nCompany additionally issued a press release regarding an announcement of a reverse stock split. A copy of such press release is filed\nas Exhibit 99.1 to this report.\n\n \n\nThe\ninformation furnished under this item 8.01, including Exhibit 99.1 incorporated by reference herein, shall not be deemed “filed”\nfor purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section and shall not be deemed to be\nincorporated by reference into any filing under the Securities Act or the Exchange Act.\n\n \n\n**Effect\non Annual Meeting Proxy Statement**\n\n** **\n\nThis\nForm 8-K constitutes additional proxy solicitation materials in connection with the Annual Meeting of Stockholders of the Company to\nbe held on June 18, 2026 (the “Annual Meeting”). On April 29, 2026, the Company filed its Definitive Proxy Statement on Schedule\n14A (the “Proxy Statement”) with the U.S. Securities and Exchange Commission and with the Canadian Securities Administrators\nin connection with the Annual Meeting. The Proxy Statement is hereby supplemented by this Form 8-K, and the Company’s stockholders\nare encouraged to read this Form 8-K together with the Proxy Statement when making their voting decisions.\n\n \n\nIn\nparticular, stockholders should note that all share numbers disclosed in the Proxy Statement, including without limitation, shares outstanding,\nshares reserved under the Company’s Stock and Incentive Plan, shares available for future grants, executive compensation share\namounts, and beneficial ownership share counts, reflect pre-Reverse Split amounts. All percentage ownership and dilution figures disclosed\nin the Proxy Statement remain unchanged as of the Record Date.\n\n \n\n2\n\n \n\n \n\nWith\nrespect to Proposal 4, entitled Reapproval of Unallocated Entitlements under the Stock and Incentive Plan, stockholders voting FOR Proposal\n4 are reapproving the Verano Holdings Corp. Stock and Incentive Plan (the “Stock and Incentive Plan”), which, as noted in\nthe Proxy Statement, allows the Company to issue a maximum number of shares of Common Stock representing 10% of the aggregate number\nof shares of Common Stock then outstanding. This percentage will remain the same, and will be based off of the number of shares of Common\nStock outstanding following Reverse Split. All other terms of the Stock and Incentive Plan as described in the Proxy Statement remain\nunchanged. All outstanding equity awards under the Company’s Stock and Incentive Plan will be automatically adjusted to reflect\nthe Reverse Split in accordance with the anti-dilution provisions of such plan, such that the number of shares of Common Stock subject\nto each outstanding award will be divided by five and, where applicable, the per-share exercise price will be multiplied by five.\n\n \n\n**Right\nto Change or Revoke Vote**\n\n** **\n\nStockholders\nwho have already submitted proxies in connection with the Annual Meeting are not required to take any action if they do not wish to change\ntheir vote. However, any stockholder who wishes to change or revoke their vote may do so as detailed in the Proxy Statement, by the deadline\noutlined therein. Stockholders whose shares are held in “street name” through a broker, bank, or other nominee should contact\ntheir broker, bank, or nominee for instructions on how to change their vote.\n\n \n\n**Additional\nInformation and Where to Find It**\n\n** **\n\nThe\nCompany filed the Proxy Statement with the SEC on April 29, 2026. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, STOCKHOLDERS OF THE\nCOMPANY ARE URGED TO CAREFULLY READ THE PROXY STATEMENT AND OTHER MEETING MATERIALS RELATED TO THE ANNUAL MEETING (INCLUDING ANY AMENDMENTS\nAND SUPPLEMENTS THERETO) (THE “MEETING MATERIALS”) AND ANY OTHER DOCUMENTS RELATING TO THE ANNUAL MEETING THAT WILL BE FILED\nWITH THE SEC OR INCORPORATED BY REFERENCE THEREIN WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE\nANNUAL MEETING. Investors and stockholders are able to obtain copies of the Proxy Statement and other Meeting Materials.\n\n \n\n**Participants\nin the Solicitation**\n\n** **\n\nThe\nCompany and certain of its directors and executive officers, may be deemed to be participants in the solicitation of proxies in respect\nof the Annual Meeting. Information about the Company’s directors and executive officers, including a description of their direct\nor indirect interests, by security holdings or otherwise, is contained in the Proxy Statement. Stockholders may obtain additional information\nregarding the interests of such participants by reading the Meeting Materials and other relevant materials regarding the Annual Meeting\nthat may be filed with the SEC or incorporated by reference therein when they become available. Investors should read the Meeting Materials\ncarefully before making any voting or investment decisions."}