Goodness Growth signs option to acquire two Maryland dispensaries for $6.4M

Vireo Growth Inc.

Option to buy HA-MD LLC's two Ethos dispensaries (Hampden, Rockville) upon regulatory approval; purchase price $6.4M if not relocated.
Agreements include consulting, licensing, wholesale; dispensaries to be rebranded as Green Goods®.
Deal positions Goodness to reach Maryland's retail license limit of four stores in adult-use market.
Interim CEO Josh Rosen cites opportunity to expand revenue, cash flow, and market presence.

item 1.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Vireo Growth Inc. entered into Option Agreement with HA-MD, LLC valued at $6,400,000 (effective 2023-08-11).

Action: entry
Counterparty: HA-MD, LLC
Value: $6,400,000
Effective: 2023-08-11

Exact text from the filing

On August 11, 2023, a subsidiary (the “Subsidiary”) of Goodness Growth Holdings, Inc. (the “Company”), entered into an Option Agreement (the “Option Agreement”) by and between the Company and HA-MD, LLC, a Maryland limited liability company (“HA-MD” or the “Target”).

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Vireo Growth Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-093129

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