SCHEDULE 13G/A: Nomura Holdings Discloses 4.7% Passive Stake in Verano Holdings Corp.

Nomura Holdings Inc. and its subsidiary, Nomura Global Financial Products, Inc., have disclosed a passive 4.7% ownership stake in Verano Holdings Corp., totaling 16,634,670 Class A Subordinate Voting Shares.

Summary

• Nomura Holdings Inc. and its wholly-owned subsidiary, Nomura Global Financial Products, Inc. (NGFP), jointly filed an Amendment No. 1 to Schedule 13G.
• The reporting persons collectively beneficially own 16,634,670 Class A Subordinate Voting Shares of Verano Holdings Corp.
• This ownership represents 4.7% of the outstanding Class A Subordinate Voting Shares of Verano Holdings Corp.
• The percentage of class is calculated based on 356,925,414 Class A Subordinate Voting Shares outstanding as of November 5, 2024, as reported in Verano Holdings Corp.'s quarterly report on Form 10-Q.
• The shares are held with shared voting power and shared dispositive power by both Nomura Holdings Inc. and NGFP.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 6

Explanation: The filing indicates a significant passive investment by a major financial institution, Nomura Holdings, in Verano Holdings Corp. This is generally a neutral to slightly positive signal for the issuer, as it reflects institutional interest and a holding for ordinary business purposes rather than an activist stance.

Positives

• A major global financial institution, Nomura Holdings Inc., holds a significant passive investment in Verano Holdings Corp., indicating institutional interest.
• The investment is stated to be for ordinary course of business purposes, suggesting a long-term, non-activist investment approach.

Future Outlook

NA

Management Comments

• The securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

This filing reflects a standard disclosure of a passive institutional investment, common for large financial entities like Nomura Holdings. It signals continued institutional interest in the market segment where Verano Holdings Corp. operates, as major financial players allocate capital to publicly traded companies.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder, which may be viewed as a vote of confidence in the company's long-term prospects.

Key Dates

Keywords

Verano Holdings Corp., Nomura Holdings, Nomura Global Financial Products, Schedule 13G, beneficial ownership, passive investment, institutional investor, Class A Subordinate Voting Shares