Vireo Growth releases FY2025 financials for acquired Hawthorne Business: revenue $130.2M, net loss $9.6M

Vireo Growth Inc.

Hawthorne had net sales of $130.2M and net loss of $9.6M for fiscal year ended Sept 30, 2025.
Gross margin was $25.4M (19.5% of sales), after $7.0M impairment/restructuring in cost of sales.
Operating loss before tax was $10.9M; SG&A expenses totaled $33.0M.
Total assets $111.6M, liabilities $37.8M, net parent investment $73.8M; used $8.9M operating cash.

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