Business
Vireo Growth Inc. Announces Closing of Acquisition of Assets of Schwazze
– Vireo acquires 24 dispensaries in Colorado, 21 dispensaries in New Mexico and 1 manufacturing facility in each of Colorado and New Mexico at an assumed share price of $0.661 – Justin Dye to become Chairman of Vireo’s Colorado and New Mexico business – Forrest Hoffmaster announced as CEO of Vireo’s Colorado and New Mexico business MINNEAPOLIS, March 24, 2026 (GLOBE NEWSWIRE) -- Vireo Growth Inc. (“Vireo” or the “Company”) (CSE: VREO; OTCQX: VREOF) today announced the closing of its previously d
About this update from Vireo Growth Inc
[{"type":"image","alt":"Vireo Growth Inc.","displaySize":"","headline":null,"caption":"Vireo Growth Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":130,"url":"https://media.zenfs.com/en/globenewswire.com/e9ac63f691ebe4f43846df7f4e7f62a4"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/8hd62Cz68LSI.xzCFhN27Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE4Mg--/https://media.zenfs.com/en/globenewswire.com/e9ac63f691ebe4f43846df7f4e7f62a4","width":300,"height":130}},"lazy":false},{"type":"text","content":"– Vireo acquires 24 dispensaries in Colorado, 21 dispensaries in New Mexico and 1 manufacturing facility in each of Colorado and New Mexico at an assumed share price of $0.661","length":175,"tagName":"p"},{"type":"text","content":"– Justin Dye to become Chairman of Vireo’s Colorado and New Mexico business","length":75,"tagName":"p"},{"type":"text","content":"– Forrest Hoffmaster announced as CEO of Vireo’s Colorado and New Mexico business","length":81,"tagName":"p"},{"type":"text","content":"MINNEAPOLIS, March 24, 2026 (GLOBE NEWSWIRE) -- Vireo Growth Inc. (“Vireo” or the “Company”) (CSE: VREO; OTCQX: VREOF) today announced the closing of its previously disclosed acquisition of certain assets of U.S. multi-state cannabis operator Medicine Man Technologies, Inc. (dba “Schwazze”).","length":292,"tagName":"p"},{"type":"text","content":"John Mazarakis, Chief Executive Officer of Vireo, commented, “We are pleased to announce the closing of the acquisition of the Schwazze assets. This transaction represents a meaningful step in the continued execution of our disciplined growth strategy, enabling Vireo to expand its presence in key markets through the acquisition of established retail operations at an implied estimated valuation of under 4x pro forma EBITDA. We believe this attractive entry point reflects current market conditions and underscores our focus on capital-efficient growth.","length":555,"tagName":"p"},{"type":"text","content":"We are honored to partner with Justin Dye, Forrest Hoffmaster, Collin Lodge, and the broader Colorado and New Mexico Schwazze team. Their operational expertise and strong retail focus complement Vireo’s platform, and we look forward to working together to enhance performance across the combined footprint. This acquisition represents an initial step toward a broader strategy to build a scaled r...