Vireo Growth FY2024 revenue $99.4M (+15.4%); adjusted EBITDA $25.1M (+28.4%)

Vireo Growth Inc.

Record FY2024 revenue of $99.4M (ex-discontinued ops +15.4% YoY); gross margin expanded 110 bps to 51.1%.
FY2024 operating income $13.6M (+28.2%); adjusted EBITDA $25.1M with margin of 25.3%.
Q4 revenue $25.0M (+3.5% YoY) flat sequentially; operating loss of $0.8M due to $4.2M merger transaction expenses.
Ended FY2024 with $91.6M cash after $81M oversubscribed private placement at $0.625/share (16.8% premium).
Minnesota adult-use launch and pending merger transactions position for transformational 2025; two new credit facilities for cultivation capacity.

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