Archive of Category: News

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by albezakes
Celebrating 5 years of Helping Minnesotans Find Relief with Medical Cannabis!

This month marks the fifth anniversary of Minnesota Medical Solutions! We are thrilled to celebrate this milestone and are so incredibly thankful to all our patients and team members for their support over these last five years. As we look towards the years ahead, we will continue to advocate to make medical cannabis more accessible and more affordable for every Minnesotan (and patients nationwide!) while continuing to innovate and create new lines of medical cannabis products and new ways for...

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by albezakes
Vireo Health Announces Sale of Equity in Pennsylvania Medical Solutions to Jushi Holdings Inc. for Total Consideration of $37 Million

– Transaction secures Vireo’s financial future without dilutive impacts to shareholders – – Purchase price includes $16.3 million in cash and $17 million in future liabilities – – Jushi receives...

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by albezakes
Vireo Health Expands Maryland Operations with Purchase of 110,000 Sq. Ft. Greenhouse

– $1.3 million cash transaction expands Vireo’s Maryland cultivation capacity by nearly 12x – – Vireo to transfer cultivation license to new greenhouse; maintain existing processing facility – MINNEAPOLIS –...

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by albezakes
Op-Ed: Legalizing Marijuana Can’t Cure Social Inequality, but it will Ease the Budget Crisis

This Op-Ed by Vireo's Chief Strategy Officer, Ari Hoffnung, originally appeared in Crain's NY. See the original article (subscription required) here: https://www.crainsnewyork.com/op-ed/legalizing-marijuana-cant-cure-inequality-it-will-ease-budget-crisis The George Floyd protests and the Coronavirus pandemic...

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by albezakes
Vireo Health Announces Fourth Quarter and Fiscal Year 2019 Financial Results and Pre-Announces First Quarter 2020 Revenue

- Fourth-quarter revenue of $9.0 million increased 13% sequentially and 60% year-over-year -- One-time impairment charge of $28.3 million reflects changing market valuations -- Announces first quarter 2020 revenue of...

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