GDNSF - Verano Holdings terminates agreement to acquire Goodness Growth

• Goodness Growth ( OTCQX:GDNSF ) has announced that Verano Holdings delivered notice to Goodness purporting to terminate the arrangement agreement between Verano and Goodness dated Jan. 31, 2022.
• Under the Agreement, Verano agreed to acquire all of the issued and outstanding subordinate voting shares, multiple voting shares and super voting shares of Goodness.
• Goodness believes that Verano is repudiating the Arrangement Agreement to avoid fulfilling its obligations thereunder after Goodness refused Verano’s request to reduce the agreed-upon consideration payable.
• Goodness intends to immediately commence legal proceedings against Verano to seek significant damages for, among other things, Verano’s material breaches of the Arrangement Agreement.

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