Vireo Growth Inc · CSE:VREO
Vireo Growth — Q4 2024 Earnings Presentation
9 slides from Vireo Growth's earnings presentation, Mar 4, 2025
Slide 1: Q4 2024 Results Conference Call
Q4 2024 Results Conference Call March 4, 2025 CSE: VREO OTCQX: VREOF
Slide 2: Forward Looking Statement Disclaimer
Forward Looking Statement Disclaimer CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION: This presentation includes information, statements, beliefs, and opinions which are forward- looking, and which reflect current estimates, expectations, and projections about future events, referred to herein
Slide 3: Fourth Quarter and Recent Business Highlights
Fourth Quarter and Recent Business Highlights • In Q4, Company received net proceeds of approximately $80 million through a private placement completed in December • In Q4 the Company also closed on a $10 million convertible loan, increasing its existing credit facility by $11.5 million, and closed
Slide 4: Summary Financials
Summary Financials We delivered record revenue, gross margin, and operating income in fiscal year 2024, and closed the year with solid operating performance in Q4 which was impacted by one-time transaction expenses of $4.2M Summary of Key Financial Metrics Three Months Ended Year Ended US $ in milli
Slide 5: State-by-State Revenue Performance
State-by-State Revenue Performance1 Q4 YoY Q4 Sequential FY 2024 4Q24 4Q23 %∆ 4Q24 3Q24 %∆ FY24 FY23 %∆ Total Retail: $19,375,309 $19,858,893 (2) $19,375,309 $19,740,787 (2) $79,534,555 $71,656,581 11 Minnesota $11,221,254 $11,182,332 0 $11,221,254 $11,391,969 (1) $45,829,269 $45,171,621 1 Maryland
Slide 6: Balance Sheet & Liquidity Update
Balance Sheet & Liquidity Update The recent closings of our oversubscribed private placement, commercial loan in Minnesota, and convertible loan in Q4 have yielded a fortress balance sheet and moved us into a position of strength within our industry December December Variance 31, 2024 31, 2023 • Cas
Slide 7: Capitalization Table as of March 1, 2025
Capitalization Table as of March 1, 2025 Vireo Growth Inc. Capitalization Table* FD Treasury Method Shares Outstanding (@ stock price of US $0.42) 413,859,367 Stock Price @ 3/1/25 US $0.42 Market Cap ($ USD) $173.8M Balance Sheet as of 12/31/24: Cash Balance $91.6M Principal Long-Term Debt $78.8M Le
Slide 8: EBITDA and Adjusted EBITDA Reconciliation
EBITDA and Adjusted EBITDA Reconciliation Three Months Ended Year Ended December 31, December 31, 2024 2023 2024 2023 Net income (loss) $ (15,701,281) $ (4,582,837) (28,007,509) (25,547,089) Interest expense, net 7,584,099 8,465,556 31,188,845 31,260,798 Income taxes 4,343,000 988,129 11,113,000 7,7
Slide 9: CSE: VREO OTCQX: VREOF
Wr VIFeCO CSE: VREO OTCQX: VREOF