Mergers & Acquisitions ·
Vireo Growth Inc. through its subsidiary Vireo Health of Arcadia, LLC, entered into a definitive purchase agreement to…
VREODVireo Growth Inc.
Vireo Growth Inc. through its subsidiary Vireo Health of Arcadia, LLC, entered into a definitive purchase agreement to acquire cannabis cultivation, manufacturing, and retail operations from The Cannabist Company Holdings Inc. (formerly Columbia Care) across five markets: Colorado, Illinois, Massachusetts, New Jersey, and West Virginia. The total consideration is up to $35 million, consisting of up to $18.75 million in cash and up to $16.25 million in seller notes. The transaction is expected to close in stages through 2026 and 2027, subject to regulatory approvals and Canadian court approval. Vireo Growth Inc. is a vertically integrated cannabis company operating cultivation, manufacturing, retail dispensaries, and agricultural supply businesses.