secwatch.observer — SEC 8-K summary
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Issuer:     Vireo Growth Inc. (VREOF)
CIK:        0001771706
Form:       8-K
Filed at:   2025-05-09T23:59:59+00:00
Accession:  0001104659-25-046502
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1771706/000110465925046502/0001104659-25-046502-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1771706/000110465925046502/tm2514473d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-046502

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer