Vireo Growth Inc (VREOF) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.738 Good morning and welcome to the Vireo Growth Inc's second quarter 2025 results call. 00:00:05.738 -- 00:00:10.024 The company would like to remind everyone that today's conference call may contain forward-looking 00:00:10.024 -- 00:00:14.850 statements within the meaning of U.S. and Canadian securities laws. 00:00:14.850 -- 00:00:19.436 These statements are based on management's current expectations and involve risks and 00:00:19.436 -- 00:00:24.222 uncertainties that could differ materially from actual events and those described in 00:00:24.222 -- 00:00:27.086 such forward-looking statements. 00:00:27.086 -- 00:00:32.737 For more information on forward-looking statements, Please refer to cautionary notes 00:00:32.737 -- 00:00:37.563 regarding forward-looking statements in the company's earnings release. 00:00:37.563 -- 00:00:42.489 I'll now turn the call over to Chief Executive Officer John Mazarrakis. 00:00:42.489 -- 00:00:44.949 Please go ahead. 00:00:45.212 -- 00:00:50.197 Thank you. Good morning, everyone. Vireo's legacy markets are performing in line with 00:00:50.197 -- 00:00:54.282 our expectations and reflected a continuation of the trends that we discussed during 00:00:54.282 -- 00:00:59.107 the first quarter. On a pro forma basis, revenue and adjusted EBITDA were in line with 00:00:59.107 -- 00:01:04.355 our previously communicated ranges and were 90.7 million and 23.2 million 00:01:04.355 -- 00:01:09.722 respectively, reflecting an adjusted EBITDA margin of approximately 25%. 00:01:09.722 -- 00:01:13.848 The closing of all three of our merger transactions during the quarter was a transformative 00:01:13.848 -- 00:01:18.955 event for the company, which significantly improved the profitability and cash generation 00:01:18...