{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-058908","form_type":"8-K","ticker":"VREOF","cik":"0001771706","company_name":"Vireo Growth Inc.","filed_at":"2025-06-12T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.652536+00:00","generated_at":"2026-05-19T10:55:43.750599+00:00","sec_items":["1.01","2.01","2.03","3.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Vireo closes $132.7M acquisition of Nevada cannabis operator Deep Roots; 255.2M shares issued","bullets":["Consideration 255.2M Vireo shares at $0.52/share; multiple 4.175x 2024 Closing EBITDA of $30M.","Deep Roots operates 54,000 sq ft cultivation facility and 10 retail dispensaries in Nevada.","Selling shareholders subject to 33-month voluntary lock-up with tranche releases.","Earn-out and clawback provisions based on 2026 EBITDA vs Closing EBITDA; max clawback 50% of shares.","Vireo assumed ~$19.2M debt under CA Loan Agreement at Prime +6.5%, maturing Aug 2027."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-058908","json":"https://secwatch.observer/filing/0001104659-25-058908.json","markdown":"https://secwatch.observer/filing/0001104659-25-058908.md","text":"https://secwatch.observer/filing/0001104659-25-058908.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1771706/000110465925058908/0001104659-25-058908-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1771706/000110465925058908/tm2517546d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T10:55:43.750599+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":"3ba9c304d67137124fefa7049bb0e11920632a8f","claim":"Vireo Growth Inc. incurred loan of approximately $19,200,000 at Prime Rate plus 6.5% maturing August 15, 2027.","evidence_excerpt":"set forth under Item 2.01 of this Current Report on Form 8-K related to the aggregate outstanding net debt of Deep Roots to the Agent and/or its affiliates of approximately $19,200,000 pursuant to a Loan and Security Agreement dated as of April 15, 2024 by and among Deep Roots and certain of its affiliates, the Agent, and certain other parties thereto (as","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1771706/000110465925058908/0001104659-25-058908-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"approximately $19,200,000"},{"label":"Rate","value":"Prime Rate plus 6.5%"},{"label":"Maturity","value":"August 15, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"a7680c15a709d50bba39b6dec2b1a61bf6a4864a","claim":"Vireo Growth Inc. completed an acquisition involving Deep Roots Holdings, Inc. (closed 2025-06-06).","evidence_excerpt":"On June 6, 2025 (the “Closing Date”), Vireo completed its previously announced acquisition of Deep Roots pursuant to a merger whereby Merger Sub merged with and into Deep Roots (the “Merger”).","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1771706/000110465925058908/0001104659-25-058908-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Deep Roots Holdings, Inc."},{"label":"Closing","value":"2025-06-06"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}