---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-042767"
form_type: "8-K"
ticker: "VREOF"
cik: "0001771706"
company_name: "Vireo Growth Inc."
filed_at: "2023-04-06T23:59:59+00:00"
generated_at: "2026-06-17T05:16:02.967849+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Goodness Growth reports 2022 revenue $74.6M (+37% YoY); amends credit facility to extend maturity to 2024

## Summary
- 2022 revenue $74.6M (+37% YoY); Q4 revenue $19.0M (+39% YoY).
- Adjusted EBITDA $4.1M for 2022 vs -$9.1M prior year; Q4 $2.5M vs -$4.4M.
- Credit facility amended: maturity extended to April 30, 2024 (potential to Jan 2026); amortization removed; interest rate prime+10.375%.
- Company to issue up to 15M subordinate voting shares to lenders; $10M convertible note facility required by April 30, 2023.
- Board members Grayson and Shimpa resigned; Shimpa remains President and CEO of Minnesota subsidiary.

## SEC filing metadata
- accession: 0001104659-23-042767
- form_type: 8-K
- ticker: VREOF
- cik: 0001771706
- company_name: Vireo Growth Inc.
- filed_at: 2023-04-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.02, 7.01, 2.03, 3.02, 3.03, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1771706/000110465923042767/0001104659-23-042767-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1771706/000110465923042767/tm2312016d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-042767
- JSON: https://secwatch.observer/filing/0001104659-23-042767.json
- Plain text: https://secwatch.observer/filing/0001104659-23-042767.txt

## Key facts
- Earnings Releases
  Vireo Growth Inc. reported the fourth quarter and full year ended December 31, 2022 results: revenue $19.0 million (Q4) and $74.6 million (full year).
  - Period: the fourth quarter and full year ended December 31, 2022
  - Revenue: $19.0 million (Q4) and $74.6 million (full year)
  - Result: reported results
  source text: Goodness Growth Holdings Announces Fourth Quarter and Full Year 2022 Results – 2022 revenue of $74.6 million increased 37.1% YOY and 57.8% excluding discontinued operations – – Q4 revenue of $19.0 million increased 39.4% YoY and 55.8% excluding discontinued operations
  evidence_url: https://www.sec.gov/Archives/edgar/data/1771706/000110465923042767/0001104659-23-042767-index.htm
- Executive change
  Amber Shimpa resigned as Member of the Board of Directors at Vireo Growth Inc..
  - Action: resigned
  - Role: Member of the Board of Directors
  source text: On March 31, 2023, the Company announced that Chelsea Grayson and Amber Shimpa had resigned their respective positions as members of the Company’s board of directors.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1771706/000110465923042767/0001104659-23-042767-index.htm
- Executive change
  Chelsea Grayson resigned as Member of the Board of Directors at Vireo Growth Inc..
  - Action: resigned
  - Role: Member of the Board of Directors
  source text: On March 31, 2023, the Company announced that Chelsea Grayson and Amber Shimpa had resigned their respective positions as members of the Company’s board of directors.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1771706/000110465923042767/0001104659-23-042767-index.htm
- Material Agreements
  Vireo Growth Inc. amended Fifth Amendment to Credit Agreement and First Amendment to Security Agreement with Chicago Atlantic Admin, LLC (effective 2023-03-31).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Chicago Atlantic Admin, LLC
  - Effective: 2023-03-31
  source text: On March 31, 2023, Goodness Growth Holdings, Inc. (the “Company”), entered into a Fifth Amendment to Credit Agreement and First Amendment to Security Agreement by and among the Company and certain of its subsidiaries (the “Borrowers”), the persons from time-to-time party thereto as guarantors, the lenders party thereto, and Chicago Atlantic Admin, LLC (the “Agent”) as administrative and collateral agent (the “Fifth Amendment”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1771706/000110465923042767/0001104659-23-042767-index.htm

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