Core Insights - Vireo Growth Inc. has successfully completed the acquisition of Proper Brands, a significant player in Missouri's recreational cannabis market, through its subsidiaries [1][2] - The total consideration for the acquisition was $102 million, paid in 196.2 million Subordinate Voting Shares at a reference price of $0.52 per share, reflecting a multiple of 4.175x the 2024 "Closing EBITDA" of $31 million [3] Company Overview - Proper Brands, founded in 2022, operates 11 retail dispensaries in Missouri, primarily in the St. Louis area, and has a cultivation and manufacturing facility exceeding 100,000 square feet [2] - The company is implementing the Arches technology platform to enhance its home delivery business [2] Transaction Details - The acquisition includes clawback provisions if the 2026 EBITDA falls below the Closing EBITDA as of December 31, 2026 [3] - The shares issued in the transaction are subject to lock-up provisions, with shares unlocking over a 33-month period [3]

Core Insights - Vireo Growth Inc. has successfully completed the acquisition of WholesomeCo Cannabis and the Arches proprietary technology platform, enhancing its profitability and competitive position in the market [1][3] - The total consideration for the acquisitions amounted to $69.8 million, paid in 134.2 million Subordinate Voting Shares at a reference price of $0.52 per share [2] - The acquisition of Wholesome is based on a multiple of 4.175x the projected 2024 "Reference EBITDA" of $16 million, with performance milestones set for December 31, 2026 [2] Financial Details - The purchase price for Wholesome represents a multiple of 4.175x the expected EBITDA, indicating a strategic valuation approach [2] - Shareholders involved in the transaction have agreed to voluntary share lock-up provisions, with shares unlocking over a 33-month period [2] Strategic Implications - The acquisitions are expected to bolster Vireo's profitability profile and create competitive advantages through the proprietary technology and analytics platform [3] - The company anticipates that other pending merger transactions will also close in the second quarter of 2025, indicating ongoing growth and expansion efforts [3]

– Q1 revenue of $24.5 million increased 1.9% year-over-year, in line with expectations for Vireo’s established markets – – Merger Transactions expected to begin closing in Q2 and further strengthen profitability profile – MINNEAPOLIS, May 09, 2025 (GLOBE NEWSWIRE) -- Vireo Growth Inc. ("Vireo" or the "Company") (CSE: VREO; OTCQX: VREOF), today reported financial results for its first fiscal quarter ended March 31, 2025. Key financial results are presented below in summary form with supporting commentary and ...