Bullboard - Stock Discussion Forum Verano Holdings Corp N.VRNO

Alternate Symbol(s): VRNOF

Healthcare

Verano Holdings Corp. is a vertically integrated, multi-state cannabis operator in the United States (U.S.). The Company is focused on the development of communal wellness by providing responsible access to regulated medical and adult-use cannabis products to customers. It produces a comprehensive suite of regulated cannabis products sold under its diverse portfolio of consumer brands... see more

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Verano Holdings Corp > Verano to back 6 social equity retailers in CT

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Post by blackspade799 on Mar 08, 2023 5:31pm

Verano to back 6 social equity retailers in CT

The council approved social equity status for six cannabis equity joint venture (EJV) businesses while revoking five prior approvals from 2022.

An equity joint venture is a business that is at least 50% owned and controlled by an individual or individuals that meet social equity criteria. Such entities can be created by existing medical marijuana producers and dispensaries.

All six of the EJVs approved on Tuesday -- CT Pharma Norwich LLC, CT Pharma Newington LLC, Caring Nature EJV 1 LLC and Caring Nature EJV 2 LLC, Willow Brook Stratford LLC and Willow Brook Enfield LLC-- are backed by Chicago-based Verano Holdings, which also operates Rocky Hill grow facility CT Pharma. https://www.hartfordbusiness.com/article/6-social-equity-retailers-backed-by-chicago-cannabis-company-get-greenlight

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