---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-002104"
form_type: "8-K"
ticker: "VREOF"
cik: "0001771706"
company_name: "Vireo Growth Inc."
filed_at: "2025-03-04T23:59:59+00:00"
generated_at: "2026-05-25T14:52:09.006129+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-25-002104
- form_type: 8-K
- ticker: VREOF
- cik: 0001771706
- company_name: Vireo Growth Inc.
- filed_at: 2025-03-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1771706/000155837025002104/0001558370-25-002104-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1771706/000155837025002104/vreof-20250304x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-002104
- JSON: https://secwatch.observer/filing/0001558370-25-002104.json
- Plain text: https://secwatch.observer/filing/0001558370-25-002104.txt

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