---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-119003"
form_type: "8-K"
ticker: "VREOF"
cik: "0001771706"
company_name: "Vireo Growth Inc."
filed_at: "2022-11-15T23:59:59+00:00"
generated_at: "2026-06-21T18:43:56.460504+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Goodness Growth Q3 revenue up 41% YoY to $18.9M; Verano litigation and strategic review underway

## Summary
- GAAP revenue $18.9M (+41% YoY); adjusted EBITDA $1.9M vs -$1.9M prior year.
- Gross margin 50.6% (up 1,230 bps); operating loss narrowed to $0.2M from $4.1M.
- Verano terminated acquisition on Oct 13; company filed suit Oct 21 seeking damages.
- Board continues evaluating strategic alternatives; no timetable set.
- Cash $21.8M; 128.1M diluted shares outstanding as of Sept 30, 2022.

## SEC filing metadata
- accession: 0001104659-22-119003
- form_type: 8-K
- ticker: VREOF
- cik: 0001771706
- company_name: Vireo Growth Inc.
- filed_at: 2022-11-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1771706/000110465922119003/0001104659-22-119003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1771706/000110465922119003/tm2230537d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-119003
- JSON: https://secwatch.observer/filing/0001104659-22-119003.json
- Plain text: https://secwatch.observer/filing/0001104659-22-119003.txt

## Key facts
- Earnings Releases
  Vireo Growth Inc. reported third quarter ended September 30, 2022 results: revenue $18.9 million, net income $8.4 million.
  - Period: third quarter ended September 30, 2022
  - Revenue: $18.9 million
  - Net income: $8.4 million
  - Result: reported results
  source text: (EXHIBIT 99.1) --- EX-99.1 2 tm2230537d1_ex99-1.htm EXHIBIT 99.1 EXHIBIT 99.1 Goodness Growth Holdings Announces Third Quarter 2022 Results – Third quarter GAAP revenue of $18.9 million increased 41.0% YoY – – Excluding discontinued operations, third quarter revenue increased 59.6% YoY – – Company will be seeking damages from Verano; focused on maximizing value
  evidence_url: https://www.sec.gov/Archives/edgar/data/1771706/000110465922119003/0001104659-22-119003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.