Press Release: AltMed : Verano Holdings Enters into an Agreement for a Go-Public Transaction in Conjunction with AltMed Merger

CHICAGO, Dec. 15, 2020 (GLOBE NEWSWIRE) -- Verano Holdings, LLC ("Verano" or the "Company"), a leading multi-state cannabis operator, today announced it has entered into a definitive agreement to consummate a go-public transaction in Canada (the "Transaction"). The Transaction will be effected by Verano participating in a reverse takeover (the "RTO") of Majesta Minerals Inc. ("Majesta"), a reporting issuer in Alberta, Canada, with the resulting Canadian reporting company being named "Verano Holdings Corp." (the "Resulting Issuer"). The consummation of the Transaction is subject to the approval of Majesta's shareholders, antitrust and other regulatory approvals, court approval and other customary closing conditions. It is a condition of closing that the subordinate voting shares of the Resulting Issuer will be listed on the Canadian Securities Exchange (the "CSE").