Verano Holdings (TSE:VRNO) has released an update.
Verano Holdings Corp. is pushing back against Goodness Growth Holdings Inc.’s (soon to be Vireo) damages claim, seeking a full trial in 2026 to ensure due process and reject what they consider an unfounded and speculative report on damages. Verano asserts the right to terminate a previous stock-for-stock transaction agreement due to breaches by Vireo, including its board’s failure to act, and is now countering with a claim for a termination fee. The company challenges the suitability of a summary determination and insists on a detailed trial to address the complexities of the case.
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