---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-034509"
form_type: "8-K"
ticker: "VREOF"
cik: "0001771706"
company_name: "Vireo Growth Inc."
filed_at: "2026-03-25T23:59:59+00:00"
generated_at: "2026-05-15T09:02:34.154181+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Vireo Growth closes acquisition of Schwazze's 45 dispensaries and 2 manufacturing facilities

## Summary
- Acquired 24 Colorado dispensaries, 21 New Mexico dispensaries, and one manufacturing facility in each state.
- Implied estimated valuation under 4x pro forma EBITDA; credit bid of ~$111M in Senior Secured Notes.
- Justin Dye appointed Chairman of Colorado/New Mexico business; Forrest Hoffmaster named CEO of those operations.
- NewCo entered into $50M Tranche A and $12.7M Tranche B term loans; CO Acquisition closed $26M facility.
- Transaction expands Vireo's retail footprint to over 75 dispensaries in Colorado and New Mexico over time.

## SEC filing metadata
- accession: 0001104659-26-034509
- form_type: 8-K
- ticker: VREOF
- cik: 0001771706
- company_name: Vireo Growth Inc.
- filed_at: 2026-03-25T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1771706/000110465926034509/0001104659-26-034509-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1771706/000110465926034509/tm269781d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-034509
- JSON: https://secwatch.observer/filing/0001104659-26-034509.json
- Plain text: https://secwatch.observer/filing/0001104659-26-034509.txt

## Source-grounded claims
- claim_id: 0181224989cca9826f77341abd5a2d72fd9286f9
  claim: Vireo Growth Inc. completed an acquisition involving Medicine Man Technologies, Inc. d/b/a Schwazze for $111 million credit bid (closed 2026-03-19).
  evidence_excerpt: of Schwazze’s collateral was completed, and the collateral agent under the indenture governing the Senior Secured Notes, acting at the direction of VHC, credit bid approximately $111 million principal amount of Senior Secured Notes on behalf of VHC and other noteholders (the “ Credit Bid ”). The Credit Bid was determined to be the winning bid upon conclusion of the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1771706/000110465926034509/0001104659-26-034509-index.htm

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