Verano Holdings Corp. 8-K

What Happened Verano Holdings Corp. announced a First Amendment to its credit agreement on January 12, 2026 (filed in an 8-K on Jan 15, 2026). The amendment increases the company's revolving credit commitment from $75.0 million to $100.0 million, extends the date when outstanding amounts are due in full from September 29, 2028 to February 28, 2029, and adjusts the borrowing base tied to owned real estate collateral.

Key Details

• Amendment date: January 12, 2026; 8-K filed January 15, 2026.
• Revolver commitment increased from $75,000,000 to $100,000,000.
• Maturity date extended from September 29, 2028 to February 28, 2029.
• Borrowing base advance rate raised from 60% to up to 80% of appraised value (net of certain indebtedness) of owned real estate collateral.
• No additional collateral was pledged; certain real estate may be released under pre‑specified conditions.
• Administrative agent: Chicago Atlantic Admin, LLC; original credit agreement dated September 30, 2025 (announced Oct 1, 2025).

Why It Matters The amendment increases Verano’s available liquidity and lengthens the time before the Revolver must be repaid, which can reduce near‑term refinancing pressure. Raising the advance rate on real‑estate collateral effectively boosts how much the company can borrow against its properties without pledging new assets. Investors should view this as a financing move that materially affects the company’s capital structure and borrowing capacity; the full amendment text is filed as Exhibit 10.1 to the 8-K for those who want the detailed terms.