---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-046502"
form_type: "8-K"
ticker: "VREOF"
cik: "0001771706"
company_name: "Vireo Growth Inc."
filed_at: "2025-05-09T23:59:59+00:00"
generated_at: "2026-05-22T01:57:44.673762+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Vireo Growth Q1 revenue $24.5M (+1.9% YoY); Adjusted EBITDA $6.6M (+8.5%); merger close expected Q2

## Summary
- GAAP revenue $24.5M (+1.9% YoY); gross profit margin 50.6% (flat YoY).
- Operating income $2.0M (-58.5% YoY); Adjusted EBITDA $6.6M (+8.5%, margin 26.8%).
- Cash $86.3M; 472M shares outstanding at $0.45 per share (treasury method).
- Merger transactions expected to close in Q2 2025; shareholder approvals and Utah regulatory approvals obtained.
- Growth in Maryland; stable Minnesota; NY medical declined but adult-use sales commenced from indoor facility.

## SEC filing metadata
- accession: 0001104659-25-046502
- form_type: 8-K
- ticker: VREOF
- cik: 0001771706
- company_name: Vireo Growth Inc.
- filed_at: 2025-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1771706/000110465925046502/0001104659-25-046502-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1771706/000110465925046502/tm2514473d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-046502
- JSON: https://secwatch.observer/filing/0001104659-25-046502.json
- Plain text: https://secwatch.observer/filing/0001104659-25-046502.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.