On March 16, 2026, Verano Holdings Corp. announced the retirement of John Tipton from his position as President of the Southern Region. Despite his retirement, Tipton will continue to serve as a member of the Board of Directors. In conjunction with his retirement, the company has entered into a consulting agreement with Tipton, effective the same day. Under this agreement, Tipton will provide consulting and advisory services related to the company's operations both nationally and in Florida. The consulting agreement is set to expire on March 16, 2027, but may be extended by mutual agreement. As part of the agreement, Tipton will receive a cash payment of $100,000 and a monthly fee of $35,000 for his services. Additionally, he will be granted 909,090 restricted stock units (RSUs) that will vest into shares of the company's common stock. This strategic move is expected to ensure continuity in leadership and operational guidance during this transitional period.

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