Vireo Growth Inc.'s indirect subsidiaries entered into a $60,000,000 term loan with Needham Bank on October 2, 2026. The proceeds were used to refinance approximately $49 million of existing senior debt held by IIP-NY and to finance the acquisition of a cultivation facility in Palatka, Florida. The loan bears interest at a fixed rate of 8.50% per annum, requires monthly interest-only payments for the first six months followed by principal and interest amortization over ten years, and matures on April 2, 2034. The debt is secured by first-priority mortgages on properties in New York and Florida. Vireo Growth Inc. operates as a vertically integrated cannabis company with cultivation, manufacturing, retail, and distribution businesses across the United States.
