Mergers & Acquisitions ·
Vireo Growth Inc. reported Q2 2026 GAAP revenue of $209.3 million, a 335% year-over-year increase driven by recent…
VREODVireo Growth Inc.
Vireo Growth Inc. reported Q2 2026 GAAP revenue of $209.3 million, a 335% year-over-year increase driven by recent acquisitions including Hawthorne, Eaze, and Bridgewell. The company announced a definitive merger agreement with Planet 13 Holdings Inc., an all-stock transaction to acquire cultivation, processing, and retail operations in Nevada, Illinois, and Florida. Subsequent to the quarter end, Vireo completed the acquisition of PharmaCann assets in Colorado, entered Pennsylvania via PhytoNatural licenses, and announced acquisitions in Ohio, Massachusetts, New Jersey, and Illinois. The company also established a $65 million asset-based revolving credit facility, expandable to $105 million, and closed with $122.7 million in cash. Vireo Growth Inc. is a vertically integrated cannabis company operating cultivation, manufacturing, retail dispensaries, and agricultural supply businesses across the United States.