Archive of Category: News

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by albezakes
Vireo Health Announces Closing of Previously Announced Divestiture of Ohio Medical Solutions

MINNEAPOLIS – April 1, 2021 – Vireo Health International, Inc. ("Vireo" or the "Company") (CSE: VREO; OTCQX: VREOF), the science-focused, multi-state cannabis company, today announced that the sale of its former subsidiary, Ohio Medical Solutions, LLC, to Ayr Wellness, Inc. closed on March 31, 2021. In connection with the closing of the transaction, Vireo received cash proceeds of $1.15 million, and was relieved of $3.6 million in right of use liabilities affiliated with lease obligations. “The closing of this transaction...

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by albezakes
Green Goods to Host Grand Opening Event for New Cannabis Dispensary in Frederick, Maryland

FREDERICK, MD – March 30, 2021 – Vireo Health International, Inc. ("Vireo" or the "Company") (CSE: VREO; OTCQX: VREOF), the science-focused, multi-state cannabis company, will host a grand opening event...

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by albezakes
Vireo Health Closes First Tranche of Debt Financing with Green Ivy Capital

-- Credit facility provides growth capital to expand first-mover advantage in Vireo’s core markets -- -- Company plans to begin incremental expansion projects at its Arizona and Maryland facilities in...

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by albezakes
Vireo Health Announces Fourth Quarter and Full Year 2020 Financial Results

– Full year GAAP revenue of $49.2 million increased 64% compared to full year 2019 – – Q4 GAAP revenue increased 38% YoY and 46% excluding former Pennsylvania subsidiaries –...

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by albezakes
Vireo Health to Report Fourth Quarter and Fiscal Year 2020 Results on March 25, 2021

MINNEAPOLIS – MARCH 16, 2021 – Vireo Health International Inc., ("Vireo" or the "Company”) (CNSX: VREO; OTCQX: VREOF), a leading physician-founded, science-focused multi-state cannabis company, today announced that it will...

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