Vireo Growth Inc. Announces Effectiveness of Management Services Agreement with PharmaCann Inc.

Core Viewpoint - Vireo Growth Inc. has announced the effectiveness of its Management Services Agreement (MSA) with PharmaCann, allowing Vireo to manage certain retail assets in Colorado until the closing of the Asset Purchase Agreement (APA), expected in Q2 2026 [1][2][3]. Group 1: Management Services Agreement - The MSA became effective on March 22, 2026, enabling Vireo's affiliate to provide management services related to PharmaCann's retail assets in Colorado until the acquisition closes [2]. - Vireo has placed 90,740,741 subordinate voting shares into escrow with Odyssey Trust Company, which will remain there until the asset acquisition is finalized [2]. Group 2: Company Background - Vireo Growth Inc. was founded in 2014 as a pioneering medical cannabis company, focusing on a disciplined and execution-oriented strategy within the industry [3]. - The company aims to leverage its national portfolio while maintaining a strong local market focus, emphasizing the hiring of industry leaders and strategic capital deployment [3].