Vireo Growth enters $26.5M in secured credit facilities for Minnesota cultivation buildout

Vireo Growth Inc.

Chicago Atlantic Credit Agreement: up to $11.5M ($5.5M funded at close); 10.5% interest, maturity June 26, 2026.
Stearns Bank Commercial Loan: $15M, 9.25% fixed, 24-month term, interest-only first 12 months, no prepayment penalty.
Loans secured by Vireo Minnesota's Elk River leasehold and business assets, plus a mortgage on vacant land in Massachusetts.
Proceeds to fund buildout of a new cultivation facility in an existing industrial building in Elk River, Minnesota.

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