Verano Holdings Corp. announced the appointment of John Tipton, President of the Southern Region, and Charles Mueller to its Board of Directors in conjunction with the retirement of Mike Smullen. Following Mike Smullen's resignation from the Board on July 19, 2023, the Board approved a proposal to increase in size from four to five members, with Mr. Tipton and Mr. Mueller filling the two vacancies.

Mr. Smullen's resignation is solely related to his desire to retire and is not the result of any disagreement between Mr. Smullen and the Company, its management, the Board or any committee of the Board, or with respect to any matter relating to the Company's operations, policies and practices. Mr. Tipton served as President of the Company from February 2021 until June 2023, when he was named President of the Southern Region. Beginning in 1997, he served as Chief Executive Officer of Plants of Ruskin, LLC, which became a subsidiary of the Company upon its acquisition in February 2021 and the Company's sizable entrance into the attractive Florida market.

Mr. Tipton's acumen in accounting, finance, agriculture and construction developed through his experience as founder and Chief Executive Officer of Plants of Ruskin, LLC, have been directly applied in his officer positions with the Company. Since 2021, Mr. Mueller has provided independent corporate tax consulting services to Tropicana Products Inc. and Cresa Partners Boston Inc. From 1985 to 2021, he served in increasingly senior tax roles at PepsiCo Inc., including as Vice President, State and Local Tax of the PepsiCo Corporate Division. In these roles, Mr. Mueller was responsible for all tax planning, accounting, compliance, audit, Sarbanes-Oxley Act compliance and controversy management arising at the state and local levels.

Prior to his service with PepsiCo Inc. Mr. Mueller served as a tax professional at a number of institutions, including Avon Products Inc., SCM Corporation and Intercontinental Hotels Corporation. Mr. Mueller's extensive experience in tax matters, accounting, compliance and audit will enhance the Audit Committee functions and provide valuable expertise to the Company. On July 19, 2023, R. Michael Smullen, a member of the board of directors (the ?

Board?) of Verano Holdings Corp., a British Columbia corporation (the ? Company?), informed the Company of his intention to resign from the Board and on July 19, 2023 the Board accepted Mr. Smullen?s resignation.