SplitJun 8, 2026, 04:22 PM
Verano Holdings Announces 1-for-5 Reverse Stock Split Effective June 11
AI Summary
Verano Holdings Corp. announced a 1-for-5 reverse stock split, effective June 11, 2026. This action will reclassify every five shares of common stock into one, reducing the total outstanding shares from approximately 365 million to 73 million. Stockholders who would otherwise hold fractional shares will receive a cash payment based on the closing sale price on Cboe Canada.
Key Highlights
- Verano Holdings Corp. filed a Certificate of Change for a 1-for-5 reverse stock split.
- The Reverse Stock Split is expected to become effective at 12:01 a.m. Pacific Time on June 11, 2026.
- Common stock is expected to begin trading on a split-adjusted basis when the market opens on June 11, 2026.
- As of June 4, 2026, the Company had 365,077,512 shares of common stock outstanding.
- The Reverse Stock Split will reduce outstanding shares to approximately 73,015,502 shares.
- Fractional shares will not be issued; stockholders will receive cash payments in lieu of fractional shares.
- Per share exercise price and number of shares for outstanding stock options and RSUs will be adjusted proportionately.
Price Impact
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