SOL Global Investments Core Portfolio Company Verano Holdings Announces Acquisition and Combination

TORONTO–(BUSINESS WIRE)–SOL Global Investments Corp. (“SOL Global” or the “Company”) (CSE: SOL) (OTCPK: SOLCF)
(Frankfurt: 9SB) is pleased to announce that Verano Holdings, LLC (“Verano”), the Company’s largest core investment holding,
announced today the signing of a definitive merger agreement to acquire and combine operations with Alternative Medical
Enterprises, LLC, Plants of Ruskin, LLC, and affiliated companies (collectively, “AltMed”), vertically-integrated medical cannabis
companies that apply pharmaceutical industry standards to developing, cultivating, producing, and dispensing medical cannabis
and medical cannabis products in Florida and Arizona. The transaction is expected to result in a highly-accretive combination of
Verano and AltMed with the resulting company operating under the Verano name.