Vireo Growth Inc. to Acquire Additional Outstanding Senior Secured Convertible Notes of Schwazze

Core Viewpoint - Vireo Growth Inc. plans to acquire additional senior secured convertible notes of Medicine Man Technologies Inc. (Schwazze) at a significant discount, indicating a strategic move to strengthen its financial position and market presence [1][2]. Group 1: Acquisition Details - The total outstanding principal plus accrued interest of the acquired notes is approximately $2.6 million, with Vireo acquiring them for about $1.6 million, payable in subordinate voting shares at a price of $0.54 per share [1]. - Upon closing, Vireo will have acquired approximately 89% of the outstanding senior secured convertible notes of Schwazze, subject to customary conditions and necessary approvals [2]. Group 2: Company Background - Vireo Growth Inc. was founded in 2014 as a pioneering medical cannabis company, focusing on building a disciplined and strategically aligned platform in the industry [3]. - The company emphasizes a long-term mindset and a commitment to its customers, employees, shareholders, and the communities it serves, aiming to leverage its national portfolio while maintaining a strong local market focus [3].