[PRESS RELEASE] – MINNEAPOLIS, Oct. 2, 2025 – Vireo Growth Inc. recently announced that third party noteholders have entered into binding agreements for the acquisition of approximately 86% outstanding senior secured convertible notes from Medicine Man Technologies Inc. The notes will also be purchased at a significant discount from their par value for approximately $62 million in total consideration payable at closing as subordinate voting stock of the company.
It is anticipated that the transaction will close in this month. Closing of the deal is dependent on customary conditions. This includes receiving all necessary approvals.