---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-044241"
form_type: "8-K"
ticker: "VREOF"
cik: "0001771706"
company_name: "Vireo Growth Inc."
filed_at: "2024-04-05T23:59:59+00:00"
generated_at: "2026-06-04T01:52:36.896330+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Goodness Growth enters binding LOI to sell VireoNY assets to ACE for $3-5M; closes by June 30

## Summary
- Purchase price $3-5M for VireoNY licenses, inventory, assets; ACE assumes IIP lease for Johnstown campus.
- ACE to invest $20M to develop license and support IIP lease transfer; acquires two-year purchase option on campus.
- Goodness provides $2.5M unsecured loan to VireoNY; ACE may issue additional $5M loan with price adjustments.
- Goodness retains 15% net profit interest via advisory agreement; ACE can buy out for fair market value.
- Closing expected by June 30, 2024, subject to regulatory approval and definitive agreements.

## SEC filing metadata
- accession: 0001104659-24-044241
- form_type: 8-K
- ticker: VREOF
- cik: 0001771706
- company_name: Vireo Growth Inc.
- filed_at: 2024-04-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.0, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1771706/000110465924044241/0001104659-24-044241-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1771706/000110465924044241/tm242479d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-044241
- JSON: https://secwatch.observer/filing/0001104659-24-044241.json
- Plain text: https://secwatch.observer/filing/0001104659-24-044241.txt

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