Verano Holdings Corp. (ticker: VRNO, VRNOF) announced on Wednesday that its Class A subordinate voting shares have commenced trading on Canada’s Neo Exchange Inc., which operates under Cboe Global Markets Inc. (ticker: CBOE). The shares will be traded in Canada under the symbol “VRNO” and in the U.S. on the OTCQX exchange under the symbol “VRNOF.”
Verano’s founder and CEO, George Archos, expressed enthusiasm about the listing, emphasizing the intentional and strategic decision to join Cboe Canada. He sees this move as positioning Verano for continued growth and expansion, aligning the company with the rapidly changing cannabis industry. Archos believes it’s a winning combination for Verano and its shareholders.
Jos Schmitt, president and CEO of Cboe Canada, echoed Archos’ sentiment by stating that graduating to a senior exchange puts Verano in a prime position for potential legislative progress on a federal level in the U.S.
Why Verano’s Listing Matters
Verano’s listing on the Neo Exchange marks a significant milestone for the Chicago-based company. It sets the stage for Verano to expand and evolve in sync with the ever-changing cannabis industry, ensuring its readiness to capitalize on future growth opportunities. Moreover, the listing positions Verano to take advantage of potential legislative developments in the U.S. that could drive the industry forward.
Price Action: VRNOF
At the time of writing on Wednesday afternoon, Verano’s shares traded at $4.55 per share, representing a 1.9396% decrease.
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Photo: Courtesy of Nicholas Cappello on Unsplash