Federal prosecutors have indicted a former executive with cannabis multistate operator Verano Holdings Corp. on a charge of insider trading.
Anthony Marsico, 39, a former executive vice president at the Chicago-based MSO, allegedly used privileged information regarding a pending merger of Verano and Vireo Growth to collect a six-figure profit, according to a Tuesday news release from the U.S Attorney’s Office, Northern District of Illinois.
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The situation arose when Verano signed a “definitive agreement” in early 2022 to pay $413 million to acquire Minnesota-based Vireo Growth, then called Goodness Growth Holdings, only to back out of the deal later that year.
The two companies are currently locked in litigation over that aborted transaction.
Prosecutors: 900,000 shares bring $607,338 profit
“Prior to the public
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