Verano Prevails In Nielsen Arbitration Dismissing All Claims

Verano Holdings Corp. (OTCQX: VRNOF) (CSE:VRNO) through its subsidiary, Verano Holdings, LLC, yesterday notified the U.S. District Court for the District of Colorado of its complete victory in arbitration regarding various frivolous RICO (Racketeer Influenced and Corrupt Organizations Act) claims brought by Nicholas Nielsen. The arbitrator dismissed all of Nielsen’s claims with prejudice and awarded Verano nearly $100,000 in attorney’s fees in the arbitration, further underscoring the groundless nature of the lawsuit.

In his claims, originally brought in Court but ultimately adjudicated on the merits in arbitration, Nielsen failed to disclose that he had pleaded guilty to a four-count felony indictment in the State of Arkansas for the …

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