[PRESS RELEASE] – MINNEAPOLIS, June 17, 2025 – Vireo Growth Inc. announced several corporate updates after the completion of its definitive merger previously announced. AgreementsThe company now has active operations in six U.S. states.
According to the company, it anticipates that pro forma revenues and adjusted EBITDA will be between $88 and $91 millions and $23 to $24million for the second quarter 2025. Pro forma expectations of financial performance for the company assumes that the entire merger transaction closed by April 1, 2025. As a result of the uncertainties surrounding timing, impact and accounting adjustments for certain non-cash costs and quarterly closing processes, it is impossible to provide a range of financial performance at this time.
It also announced simultaneously that the company believes it will be able to secure better terms when refinancing its debt obligations due to its increased profitability. Management has engaged in discussions about debt refinancing, and signed several non-binding termsheets, which will allow the company to refinance its senior secured debt at more favorable rates, as well as all debt obligations that it has recently taken on. Merger transaction targets. Now, the company expects that refinancing will be completed quickly and it will end up with a cash balance of more than $100 million.
Finaly, after the completion of the transactions, the firm announced it held 949.254,483 shares on a converted basis and 1.087.283,616 on a fully diluted basis.