Verano Holdings Corp. (CSE:VRNO) (OTCQX:VRNOF) and Goodness Growth Holdings, Inc. (CSE:GDNS) (OTCQX:GDNSF) have entered into a definitive arrangement agreement pursuant to which Verano will acquire all of the issued and outstanding shares of Goodness in an all-share transaction valued at approximately $413 million on a fully-diluted basis.
Under the terms of the arrangement agreement, it is expected that each holder of Goodness subordinate voting shares will receive 0.22652 of a Verano class A subordinate voting share for each Goodness subordinate voting share held and each holder of Goodness multiple voting shares and Goodness super voting shares will receive 22.652 Verano shares for each Goodness multiple voting share and Goodness super voting share held, respectively.
