Archive of Category: News

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by Amanda Hutcheson

Vireo Health Announces Third Quarter 2020 Financial Results

– Total revenue of $13.4 million increased 68 percent year-over-year – – Gross margin of 42.7% reflects improving manufacturing efficiencies in core markets – – Christian Gonzalez promoted to role of COO; Patrick Peters promoted to EVP of Retail – – Revenue growth catalysts and cost discipline position Company for future margin improvement – MINNEAPOLIS – November 25, 2020 – Vireo Health International, Inc. ("Vireo" or the "Company") (CNSX: VREO; OTCQX: VREOF), the science-focused, multi-state cannabis company with active operations...

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by Amanda Hutcheson

Medical Cannabis Patient Center to Open in Duluth/Hermantown

The new Green Goods medical cannabis dispensary will provide certified patients with best-in-class plant-based medicines and patient service MINNEAPOLIS – November 18, 2020 – Vireo Health of Minnesota, LLC (“Vireo”...

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by Amanda Hutcheson

Vireo Health Announces Forced Redemption of Warrants Issued in Conjunction with March 2020 Private Placement

– Successful financing helped drive improvements in operating performance – – Management expects redemptions to result in CAD $13.1 million of cash proceeds – MINNEAPOLIS – November 16, 2020 –...

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by Amanda Hutcheson

Vireo Health Announces Exercise of Option on Pennsylvania Dispensary Subsidiary

– Pennsylvania Dispensary Solutions (PDS) subsidiary sold for $5.0 million cash  – MINNEAPOLIS – November 16, 2020 – Vireo Health International, Inc. ("Vireo" or the "Company") (CNSX: VREO, OTCQX: VREOF),...

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by Amanda Hutcheson

Vireo Health to Report Third Quarter 2020 Results on November 25, 2020

MINNEAPOLIS – November 11, 2020 – Vireo Health International, Inc. ("Vireo" or the "Company") (CNSX: VREO, OTCQX: VREOF), the science-focused multi-state cannabis company with active operations in exclusively medical-only markets...

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