secwatch.observer — SEC 8-K summary
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Issuer:     Vireo Growth Inc. (VREOF)
CIK:        0001771706
Form:       8-K
Filed at:   2023-04-06T23:59:59+00:00
Accession:  0001104659-23-042767
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.02, 7.01, 2.03, 3.02, 3.03, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1771706/000110465923042767/0001104659-23-042767-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1771706/000110465923042767/tm2312016d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-042767

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer