<SEC-DOCUMENT>0001493152-25-026047.txt : 20251203
<SEC-HEADER>0001493152-25-026047.hdr.sgml : 20251203
<ACCEPTANCE-DATETIME>20251203204937
ACCESSION NUMBER:		0001493152-25-026047
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20251201
FILED AS OF DATE:		20251203
DATE AS OF CHANGE:		20251203

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			McDermott Edward Aloysious III
		CENTRAL INDEX KEY:			0001981212
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-56342
		FILM NUMBER:		251548028

	MAIL ADDRESS:	
		STREET 1:		905 REED COURT
		CITY:			LAKEWOOD
		STATE:			CO
		ZIP:			80214

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Verano Holdings Corp.
		CENTRAL INDEX KEY:			0001848416
		STANDARD INDUSTRIAL CLASSIFICATION:	AGRICULTURE PRODUCTION - CROPS [0100]
		ORGANIZATION NAME:           	08 Industrial Applications and Services
		EIN:				981583243
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		224 W HILL STREET
		STREET 2:		SUITE 400
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60610
		BUSINESS PHONE:		312-265-0730

	MAIL ADDRESS:	
		STREET 1:		224 W HILL STREET
		STREET 2:		SUITE 400
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60610
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>ownership.xml
<DESCRIPTION>4
<TEXT>
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    <schemaVersion>X0508</schemaVersion>

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    <periodOfReport>2025-12-01</periodOfReport>

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        <issuerCik>0001848416</issuerCik>
        <issuerName>Verano Holdings Corp.</issuerName>
        <issuerTradingSymbol>VRNO</issuerTradingSymbol>
    </issuer>

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        <reportingOwnerId>
            <rptOwnerCik>0001981212</rptOwnerCik>
            <rptOwnerName>McDermott Edward Aloysious III</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>224 WEST HILL STREET, SUITE 400</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>CHICAGO</rptOwnerCity>
            <rptOwnerState>IL</rptOwnerState>
            <rptOwnerZipCode>60610</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Chief Operating Officer</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>1</aff10b5One>

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                <value>Common Stock, par value $0.001</value>
            </securityTitle>
            <transactionDate>
                <value>2025-12-01</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
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            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>96827</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
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                </transactionAcquiredDisposedCode>
            </transactionAmounts>
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                <transactionPricePerShare>
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                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
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            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
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                </sharesOwnedFollowingTransaction>
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        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, par value $0.001</value>
            </securityTitle>
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            <transactionAmounts>
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                <transactionPricePerShare>
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    <derivativeTable>
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                <transactionPricePerShare>
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                <transactionAcquiredDisposedCode>
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            <expirationDate>
                <footnoteId id="F5"/>
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            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, par value $0.001</value>
                </underlyingSecurityTitle>
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            </underlyingSecurity>
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                </sharesOwnedFollowingTransaction>
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        <derivativeTransaction>
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                <footnoteId id="F6"/>
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            <transactionDate>
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            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
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                <transactionCode>M</transactionCode>
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                <footnoteId id="F1"/>
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                <transactionPricePerShare>
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                </underlyingSecurityTitle>
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                </underlyingSecurityShares>
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                </sharesOwnedFollowingTransaction>
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        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
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            <transactionAmounts>
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                </transactionShares>
                <transactionPricePerShare>
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                    <value>D</value>
                </transactionAcquiredDisposedCode>
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                <footnoteId id="F5"/>
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                <underlyingSecurityTitle>
                    <value>Common Stock, par value $0.001</value>
                </underlyingSecurityTitle>
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                    <value>25547</value>
                </underlyingSecurityShares>
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                <sharesOwnedFollowingTransaction>
                    <value>152024</value>
                </sharesOwnedFollowingTransaction>
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                <directOrIndirectOwnership>
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                </directOrIndirectOwnership>
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        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">This transaction represents the settlement of vested restricted stock units into Common Stock, par value $0.001.</footnote>
        <footnote id="F2">Represents the number of Common Stock, par value $0.001 that have been withheld by the issuer to satisfy its income tax withholding and remittance obligations in connection with the net settlement of the restricted stock units and does not represent a sale.</footnote>
        <footnote id="F3">This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 5, 2025. All shares were sold at a price of $0.95.</footnote>
        <footnote id="F4">The restricted stock units disposed in this transaction were granted under the Verano Holdings Corp. Stock and Incentive Plan on June 1, 2023. Each restricted stock unit reflects a contingent right to receive one share of Common Stock, par value $0.001 and vested 25% on each of June 1, 2024, December 1, 2024, June 1, 2025 and December 1, 2025.</footnote>
        <footnote id="F5">The restricted stock units disposed in this transaction settled on December 1, 2025.</footnote>
        <footnote id="F6">The restricted stock units were granted under the Verano Holdings Corp. Stock and Incentive Plan on September 1, 2023. Each restricted stock unit reflects a contingent right to receive one share of Common Stock, par value $0.001 and vested 25% on each of June 1, 2024, December 1, 2024, June 1, 2025 and December 1, 2025.</footnote>
        <footnote id="F7">The restricted stock units were granted under the Verano Holdings Corp. Stock and Incentive Plan on June 1, 2024. Each restricted stock unit reflects a contingent right to receive one share of Common Stock, par value $0.001 and vested 25% on June 1, 2025 and December 1, 2025 and thereafter will vest 25% on each of June 1, 2026 and December 1, 2026.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Kevan Fisher, Attorney-in-Fact</signatureName>
        <signatureDate>2025-12-03</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
