---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-114701"
form_type: "8-K"
ticker: "VREOF"
cik: "0001771706"
company_name: "Vireo Growth Inc."
filed_at: "2026-10-08T20:06:10+00:00"
generated_at: "2026-10-12T15:29:45.917375+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Vireo Growth closes $60M Needham Bank loan, refinances $49M IIP note, buys Palatka facility

## Summary
- $60M term loan with Needham Bank at 8.50% fixed, matures April 2, 2034; interest-only for six months, then 10-year amortization.
- Proceeds: ~$49M to repay IIP-NY seller note (IIP-NY no longer lender) and ~$11M to acquire 160 Comfort Road, Palatka, FL cannabis facility.
- Security: first-lien mortgages on ~389,000 sq ft Perth, NY facility on 20.598 acres and Palatka property; $900,000 commitment fee (1.50%) paid.
- Second lien debt of $41M held by Chicago Atlantic; director/CEO John Mazarakis is a partner of Chicago Atlantic Group and recused himself.
- Prepayment premiums of 3%/2%/1% apply if refinanced with another lender in first three years; no premium after or on Change of Control.

## SEC filing metadata
- accession: 0001104659-26-114701
- form_type: 8-K
- ticker: VREOF
- cik: 0001771706
- company_name: Vireo Growth Inc.
- filed_at: 2026-10-08T20:06:10+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1771706/000110465926114701/0001104659-26-114701-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1771706/000110465926114701/tm2627125d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-114701
- JSON: https://secwatch.observer/filing/0001104659-26-114701.json
- Plain text: https://secwatch.observer/filing/0001104659-26-114701.txt

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