Vireo Growth closes oversubscribed $81M equity offering at $0.625/share

Vireo Growth Inc.

Closed on Dec 30, 2024, issuing 129.5M subordinate voting shares at US$0.625 each, a 16.8% premium to the Dec 27 OTCQX close.
Gross proceeds of ~$81M, exceeding the initially planned $75M; proceeds earmarked for organic and acquisitive growth, working capital, and general corporate purposes.
Chicago Atlantic formed a special purpose vehicle to participate; transaction deemed a related party transaction but exempt from formal valuation and minority approval under MI 61-101.
Six-month lock-up on shares from closing date; Lineage Merchant Partners acted as placement agent via GT Securities.
Securities issued under exemptions from U.S. and Canadian registration; no public offering.

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