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Vireo Growth ( (TSE:VREO) ) has shared an update.
Vireo Growth Inc. has announced the acquisition of outstanding senior secured convertible notes of Schwazze, a multi-state cannabis operator. The acquisition is part of a Restructuring Support Agreement aimed at restructuring Schwazze’s operations and capital structure. This includes the sale of Schwazze’s majority assets to a new entity majority-owned by Vireo, with the remaining assets subject to wind down. The transaction, valued at approximately $62 million, is expected to enhance Vireo’s market presence and operational capabilities in the cannabis industry, particularly in Colorado and New Mexico.
The most recent analyst rating on (TSE:VREO) stock is a Hold with a C$0.55 price target. To see the full list of analyst forecasts on Vireo Growth stock, see the TSE:VREO Stock Forecast page.
More about Vireo Growth
Vireo Growth Inc., founded in 2014, is a pioneering medical cannabis company focused on building a disciplined and strategically aligned platform within the industry. The company emphasizes a strong local market focus while leveraging a national portfolio, with a commitment to hiring industry leaders and deploying capital and talent to drive value.
Average Trading Volume: 75,616
Technical Sentiment Signal: Buy
Current Market Cap: C$911.8M
For a thorough assessment of VREO stock, go to TipRanks’ Stock Analysis page.