Vireo closes PharmaCann Colorado acquisition (17 stores) and secures $85M BMO credit facility

Vireo Growth Inc.

Acquired PharmaCann Colorado retail assets for ~$48.7M: 3,004,751 subordinate voting shares plus assumed liabilities; 17 dispensaries added, footprint now 56 in Colorado.
New $85M asset-based revolving credit facility with Bank of Montreal, expandable to $105M, maturing Aug 7, 2031; SOFR+1.75-2.00% or base+0.75-1.00%.
Proceeds to refinance existing Chicago Atlantic debt and shareholder notes, fund working capital, capex, and permitted acquisitions.
61,728 Consideration Shares held back for 9 months; CEO John Mazarakis is partner of Chicago Atlantic, an affiliate of prior lender.

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