Vireo nabs $75M through 120M new shares, goes on acquisition spree

Wed, Dec 18

Key Points

Vireo Growth from Minnesota is acquiring four companies and making a significant investment in real estate investment trust Chicago Atlantic to expand its cannabis footprint in the US.
This deal will more than double Vireo Growth's cannabis operations, increasing its presence nationwide.
The acquisition will involve a combination of cash, stock, and debt, reflecting the scale and complexity of the transaction.
Vireo Growth aims to strengthen its position in the competitive cannabis market through this strategic expansion.

In a new blockbuster deal spanning the geographical breadth of the United States, Minnesota-based Vireo Growth (CSE: VREO) (OTCQX: VREOF) will more than double its cannabis footprint with the acquisition of four companies and a significant equity infusion for real estate investment trust Chicago Atlantic.

Under the terms of the complex deal,...

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