Verano Holdings completed the merger with Alternative Medical in a $2.8bn deal.

Verano Holdings, a cannabis company, completed the merger with Alternative Medical, a medical cannabis company, in a $2.8bn deal. “Both Verano and AltMed are uncompromisingly dedicated to superb cultivation and manufacturing processes, new product development and retail design, and we share a mutual commitment to delivering high-quality products with a superior customer experience to distinguish us in the marketplace. We are both disciplined stewards of capital, run our businesses efficiently and are focused on delivering profitable growth," Michael Smullen, Alternative Medical Co-Founder Chairman and CEO.