secwatch.observer — SEC 8-K summary
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Issuer:     Vireo Growth Inc. (VREOF)
CIK:        0001771706
Form:       8-K
Filed at:   2022-11-15T23:59:59+00:00
Accession:  0001104659-22-119003
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1771706/000110465922119003/0001104659-22-119003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1771706/000110465922119003/tm2230537d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-119003

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