secwatch.observer — SEC 8-K summary
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Issuer:     Vireo Growth Inc. (VREOF)
CIK:        0001771706
Form:       8-K
Filed at:   2025-06-12T23:59:59+00:00
Accession:  0001104659-25-058908
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.01, 2.03, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vireo closes $132.7M acquisition of Nevada cannabis operator Deep Roots; 255.2M shares issued
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1771706/000110465925058908/0001104659-25-058908-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1771706/000110465925058908/tm2517546d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-058908

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