Verano Holdings Begins Trading On Canada's Neo Exchange, Fueling Expansion And Evolution

Verano Holdings Corp. VRNO VRNOF announced Wednesday that its Class A subordinate voting shares began trading on Canada’s Neo Exchange Inc., which operates as Cboe Global Markets, Inc. CBOE.

The shares will trade in Canada on Neo Exchange under the symbol “VRNO” and in the U.S. on the OTCQX under the symbol “VRNOF.”

George Archos, Verano founder and CEO praised the move.

“In light of recent news and movement within the U.S. cannabis space, today’s listing on Cboe Canada, which is part of a global network of exchanges across 26 marketplaces, is an intentional and strategic decision,” he said.

Why It Matters

Archos also explained what the move means for the Chicago-based company.

It “positions Verano for continued growth and expansion as we evolve in tandem with the rapidly changing industry. We see this as a winning combination for Verano and our shareholders,” he said.

Jos Schmitt, president and CEO of Cboe Canada seconded Archos' sentiment.

“Graduating to a senior exchange positions Verano on a launch pad, at the ready for legislative progress on a federal level in the U.S.,” Schmitt said.

VRNOF Price Action

Verano’s shares traded 1.9396% lower at $4.55 per share at the time of writing on Wednesday afternoon.

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Photo: Courtesy of Nicholas Cappello on Unsplash