Mergers & Acquisitions ·
On August 7, 2026, Vireo Growth Inc. completed the acquisition of certain Colorado retail cannabis assets from…
VREODVireo Growth Inc.
On August 7, 2026, Vireo Growth Inc. completed the acquisition of certain Colorado retail cannabis assets from PharmaCann Inc. for approximately $48.7 million to $49.0 million in consideration, consisting of the issuance of 3,004,751 subordinate voting shares and the assumption of liabilities. The transaction includes 17 dispensary locations, expanding Vireo's Colorado retail footprint to 56 operational sites. Simultaneously, the company entered into a senior secured asset-based revolving credit facility with Bank of Montreal providing up to $85 million in aggregate commitments, expandable to $105 million, maturing on August 7, 2031. Proceeds will be used to refinance existing indebtedness and fund working capital and acquisitions. Vireo Growth Inc. is a vertically integrated cannabis company operating cultivation, manufacturing, retail dispensaries, and agricultural supply businesses across the United States.