Vireo Growth CEO Joshua Rosen resigns; Amber Shimpa appointed CEO; terminates Grown Rogue agreement

Vireo Growth Inc.

Joshua Rosen resigns as CEO, interim CFO, and director; receives 500k RSUs, 500k options, salary continuation $300k/yr for 2 years.
Amber Shimpa, previously President, promoted to CEO; receives $325k base salary and 1M stock options.
Joe Duxbury appointed interim CFO; company searches for permanent replacement.
Terminates consulting agreement with Grown Rogue; forfeits 4.5M of 8.5M warrants; termination fee $800k lump sum or $1M in installments.
Rosen retained as consultant for litigation matters at $1,000/hour; vested 250k options accelerated.

item 1.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Amber Shimpa

Chief Executive Officer

VREOF · Vireo Growth Inc.

Effective: 2024-10-10
Filed: October 15, 2024, 7:59 PM ET

On October 10, 2024, Amber Shimpa, age 45, was appointed Chief Executive Officer of the Company.

Appointed (interim)

Joseph Duxbury

Interim Chief Financial Officer

VREOF · Vireo Growth Inc.

Effective: 2024-10-10
Filed: October 15, 2024, 7:59 PM ET

On October 10, 2024, Joseph Duxbury, age 32, was appointed interim Chief Financial Officer of the Company.

Departed

Joshua Rosen

Chief Executive Officer

VREOF · Vireo Growth Inc.

Effective: 2024-10-10
Successor: Amber Shimpa
Filed: October 15, 2024, 7:59 PM ET

On October 10, 2024, Joshua Rosen, Chief Executive Officer, Interim Chief Financial Officer and Director of the Company resigned from all of his positions with the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Amber Shimpa was appointed as Chief Executive Officer at Vireo Growth Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On October 10, 2024, Amber Shimpa, age 45, was appointed Chief Executive Officer of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Joseph Duxbury was appointed as Interim Chief Financial Officer at Vireo Growth Inc..

Action: appointed
Role: Interim Chief Financial Officer

Exact text from the filing

On October 10, 2024, Joseph Duxbury, age 32, was appointed interim Chief Financial Officer of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Joshua Rosen resigned as Chief Executive Officer at Vireo Growth Inc..

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

On October 10, 2024, Joshua Rosen, Chief Executive Officer, Interim Chief Financial Officer and Director of the Company resigned from all of his positions with the Company.

View on SEC.gov

Vireo Growth Inc. filing history →

Source: SEC EDGAR

accession 0001104659-24-108300

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