SOL Global Provides General Operations Update for February 2021

February 08, 2021 09:26 AM Eastern Standard Time
TORONTO–(BUSINESS WIRE)–SOL Global Investments Corp. (“SOL Global” or the “Company”) (CSE: SOL) (OTCPK: SOLCF)
(Frankfurt: 9SB) today provides a general operations update regarding the Company’s investment portfolio and assets and
announces that it has commenced litigation against its lender.
Verano Holdings Transaction
As previously disclosed, the Company is pleased to announce that Verano Holdings, LLC (“Verano”), the Company’s largest core
investment holding, has executed a definitive merger agreement to consummate a go-public transaction in Canada (the
“Transaction”). The Transaction will be effected by Verano participating in a reverse takeover of Majesta Minerals Inc. (“Majesta”),
a reporting issuer in Alberta, Canada. The Transaction will include Verano’s previously-announced merger with Alternative Medical
Enterprises, LLC, Plants of Ruskin, LLC, RVC 360, LLC and affiliated companies (collectively, “AltMed”), vertically-integrated
medical marijuana companies that apply pharmaceutical industry standards to develop, cultivate, produce, and dispense 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 name “Verano Holdings Corp.” (the “Resulting
Issuer”). The consummation of the Transaction is subject to the approval of Majesta’s shareholders, antitrust and other regulatory
approvals, court approval and other customary closing conditions. The subordinate voting shares of the Resulting Issuer are
expected to be listed for trading on the Canadian Securities Exchange (the “CSE”).