Verano Upsizes Existing Credit Agreement by USD 100 Million with a 9.75% Annual Interest Rate on a Non-Dilutive Basis

Verano Holdings Corp. it has entered into an Amended and Restated Credit Agreement for a senior secured term loan of US$130 million. The Restated Credit Agreement has a maturity date of May 30, 2023, and provides for additional, non-dilutive funding of US$100 million, with an annual interest rate of 9.75% for the incremental amount. Chicago Atlantic Advisers, LLC will act as the administrative agent and collateral agent. Closing on the foregoing transaction is subject to customary conditions, contingencies and approvals.