Illinois Based Verano plans to go public at reported $2.9 billion valuation

Well that puts weedmaps in the shade !

MJ Biz have the lowdown

Multistate marijuana company Verano Holdings intends to go public on the Canadian Securities Exchange at a value of nearly $2.9 billion through a reverse takeover (RTO) of an existing, publicly held company, according to reports.

The move comes only a month after Chicago-based Verano signed a definitive agreement to acquire Florida-based Alternative Medical Enterprises (AltMed), and nine months after an $850 million deal with Arizona-based Harvest Health & Recreation collapsed.

Verano’s RTO deal would be further evidence that investors are warming again to marijuana.

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