secwatch.observer — SEC 8-K summary
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Issuer:     Vireo Growth Inc. (VREOF)
CIK:        0001771706
Form:       8-K
Filed at:   2025-01-03T23:59:59+00:00
Accession:  0001104659-25-000793
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1771706/000110465925000793/0001104659-25-000793-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1771706/000110465925000793/tm251715d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-000793

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