Vireo Growth to acquire Cannabist assets in five states for up to $35M

Vireo Growth Inc.

Total consideration up to $35M: $18.75M cash at closing plus $16.25M in seller notes.
Adds up to 25 dispensaries, one cultivation and one production asset; pro forma retail footprint ~230 dispensaries across 15 states.
Closings expected in stages through 2026-2027, subject to regulatory approvals and Canadian court approval under CCAA.
Cannabist is in CCAA proceedings (Canadian insolvency) and Chapter 15 in US; deal approved by Cannabist's special committee.
Vireo CEO says transaction expands operational footprint and strengthens vertically integrated platform.

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