Vireo Growth secures $10M convertible debt facility with 12% interest, $0.625 conversion

Vireo Growth Inc.

Up to $10M convertible notes; maturity Nov 1, 2027; cash interest 12% paid monthly.
Conversion price $0.625; convertible at lender's option in whole at any time.
No warrants; facility from existing senior secured lender and affiliates.
Proceeds for capex, working capital, general corporate purposes; tied to Minnesota adult-use launch.
Considered related party transaction under MI 61-101; exempt from formal valuation.

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