Mergers & Acquisitions ·
Vireo completes acquisition of C21, adding three Nevada dispensaries and 104,000 sq ft of cultivation capacity
VREODVireo Growth Inc.
Vireo Growth Inc. completed the acquisition of all outstanding shares of C21 Investments Inc., a vertically integrated cannabis company, on August 21, 2026. The transaction was effected via a court-approved statutory plan of arrangement under British Columbia law. In exchange for each C21 share, holders received 0.023052 subordinate voting shares of Vireo, resulting in the issuance of 2,766,409 new Vireo shares. The acquisition adds three Silver State Relief dispensaries and approximately 104,000 square feet of cultivation capacity to Vireo's Nevada operations. C21 shares were delisted from the Canadian Securities Exchange and OTCQX Market upon closing. Vireo Growth Inc. operates as a vertically integrated cannabis company building a platform across cannabis and adjacent agricultural markets.