We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Goodness Growth Holdings, Inc. (“Goodness” or the “Company”) (OTCQX: GDNSF), in connection with the proposed acquisition of the Company by Verano Holdings Corp. (“Verano”) (OTCQX: VRNOF). Under the terms of the acquisition agreement, each holder of Goodness subordinate voting shares will receive 0.22652 of a Verano Class A subordinate voting share (a “Verano Share”) for each Goodness subordinate voting share held and each holder of Goodness multiple voting shares and Goodness super voting shares will receive 22.652 Verano Shares for each Goodness multiple voting share and Goodness super voting share held, respectively. The transaction is valued at approximately $413 million.
WeissLaw LLP is investigating whether (i) Goodness’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the per-share merger consideration adequately compensates Goodness’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.