VIREO GROWTH INC.
0.6230-0.00 (-0.32%)
Oct 28, 4:00:00 PM EDT · OTC Markets OTCQX · VREOF · USD
Key Stats
Market Cap
676.96MP/E (TTM)
-Basic EPS (TTM)
-0.16Dividend Yield
0%Recent Filings
8-K
Vireo acquires Schwazze notes, eyes assets
Vireo Growth Inc. closed its acquisition of 86% of Schwazze's $91 million senior secured notes for $62 million in shares on October 10, 2025, gaining majority control and directing a credit bid for Schwazze's key assets via a restructuring support agreement. This positions Vireo to form NewCo for the asset purchase, backed by $62 million financing to refinance debts and fund operations in Colorado and New Mexico's 63 dispensaries. Yet risks loom from competing bids and regulatory hurdles. Deal hinges on milestones through November.
8-K
Vireo acquires Schwazze notes
Vireo Growth Inc. signed agreements on October 2, 2025, to acquire 86% of Schwazze's outstanding 13% senior secured convertible notes, valued at $91 million including principal and interest, for $62 million in subordinate voting shares priced at $0.54 each. The deal, expected to close by October 31 pending Canadian Stock Exchange approval, bolsters Vireo's M&A push amid Schwazze's payment default on the notes, secured by key Colorado assets. This positions Vireo to influence Schwazze's restructuring. Yet risks loom from regulatory hurdles.
10-Q
Q4 2025 earnings call transcript for Vireo Growth Inc. (VREO), highlighting revenue growth, operational updates, and financial performance.
8-K
Vireo Q2 revenue surges 91%
Vireo Growth Inc. reported Q2 2025 GAAP revenue of $48.1 million, up 91% year-over-year, fueled by mergers with WholesomeCo in Utah, Proper Brands in Missouri, and Deep Roots Harvest in Nevada, expanding operations to six states. A $153 million refinancing slashed annual interest expense by over $10 million, bolstering liquidity with $106.2 million cash. Pro forma results hit $90.7 million revenue and $23.2 million adjusted EBITDA. Mergers position Vireo as a top U.S. cannabis operator, yet margins dipped to 42.5%.
8-K
Vireo refinances debt, saves $10M
Vireo Growth Inc. closed a $120 million first-lien term loan and $33 million second-lien term loan on July 7, 2025, refinancing $114 million in existing senior debt and generating over $10 million in annual interest savings. The deals, led by East West Bank and Western Alliance Bank with Chicago Atlantic, mature in 2028 and include a $50 million accordion for future needs. Debt costs dropped sharply. Yet cannabis law changes pose default risks.
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