secwatch.observer — SEC 8-K summary
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Issuer:     Vireo Growth Inc. (VREOF)
CIK:        0001771706
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001104659-23-056121
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Goodness Growth issues $10M convertible notes, warrants to lenders via credit amendment
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- Sixth Amendment to Credit Agreement with Chicago Atlantic Admin provides committed $10M convertible note facility plus $5M discretionary.
- Convertible notes mature Apr 28, 2026, bear 6% cash + 6% PIK interest, convertible at $0.145/share initial price.
- Lenders received 6,250,000 warrants to purchase subordinate voting shares at $0.145, five-year term.
- Notes and warrants issued in unregistered transaction under Section 4(a)(2) and Rule 506.
- Funds may be drawn in tranches; conversion price subject to 20% premium over 30-day VWAP for subsequent advances.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1771706/000110465923056121/0001104659-23-056121-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1771706/000110465923056121/tm2314787-1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-056121

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