{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-057335","form_type":"8-K","ticker":"VREOF","cik":"0001771706","company_name":"Vireo Growth Inc.","filed_at":"2025-06-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.652337+00:00","generated_at":"2026-05-19T18:30:00.871171+00:00","sec_items":["1.01","2.01","3.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Vireo Growth closes $102M acquisition of Proper Brands in Missouri","bullets":["Total consideration $102M paid with 196.2M subordinate voting shares at $0.52 reference price.","Transaction valued at 4.175x 2024 Closing EBITDA of $31M; clawback provision if 2026 EBITDA falls below.","Shares subject to 33-month lock-up with tranched unlocks; 10% placed in escrow for post-closing adjustments.","CEO John Mazarakis holds ~29% interest in Acquired Companies' debt via Chicago Atlantic; net debt ~$27.4M."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-057335","json":"https://secwatch.observer/filing/0001104659-25-057335.json","markdown":"https://secwatch.observer/filing/0001104659-25-057335.md","text":"https://secwatch.observer/filing/0001104659-25-057335.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1771706/000110465925057335/0001104659-25-057335-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1771706/000110465925057335/tm2517308d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T18:30:00.871171+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"28661b8299f1b3fc9c58776477724a71b64d7908","claim":"Vireo Growth Inc. completed an acquisition involving NGH Investments, Inc., Proper Holdings Management, Inc., Proper Holdings, LLC (closed 2025-06-05).","evidence_excerpt":"On June 5, 2025 (the “Closing Date”), the Company completed its previously announced acquisition of the Acquired Companies (the “Mergers”).","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1771706/000110465925057335/0001104659-25-057335-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"NGH Investments, Inc., Proper Holdings Management, Inc., Proper Holdings, LLC"},{"label":"Closing","value":"2025-06-05"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}