Jushi Redomiciles, Planet 13 Bought, Verano Expands in Florida

Three cannabis companies moved this summer to reshape their corporate structures, footprints, and ownership. Jushi Holdings completed a redomicile from British Columbia to Nevada, Planet 13 agreed to be acquired by Vireo Growth, and Verano opened a new dispensary in Florida.

Jushi Holdings, which operates retail, distribution, cultivation and processing for medical and adult-use markets in the U.S., said its redomicile was approved by shareholders at the company's annual meeting on June 24, 2026. The company's common stock continues to trade on the Canadian Securities Exchange under the ticker JUSH and is also quoted on the OTCQX under the same symbol.

Planet 13, which cultivates and sells cannabis and cannabis-infused products in the U.S., announced on July 27 that it was being acquired by Vireo Growth Inc., a vertically integrated cannabis company. Vireo CEO John Mazarakis said the deal deepens the company's footprint in Nevada and Florida and complements its developing platform in Illinois. The transaction adds to a string of acquisitions in the sector as larger players consolidate smaller operators.

Verano Holdings, which cultivates, processes, wholesales and retails cannabis in the U.S., opened a new dispensary under its MÜV brand in Bradfordville, Florida, on July 17. The opening raised Verano's total to 86 Florida cannabis shops and 163 stores nationwide. CEO George Archos said the company is "thrilled to continue expanding our Florida operations."

The three moves come as the U.S. cannabis market continues to grow despite regulatory uncertainty at the federal level. State-level expansion and corporate consolidation have been the main drivers of deal activity, with companies seeking to build scale and operational efficiency.