Vireo Growth Inc. has entered into definitive agreements to acquire approximately 86% of the outstanding senior secured convertible notes of Medicine Man Technologies Inc., which operates as Schwazze. The notes will be purchased from third-party noteholders for a total of about $62 million, payable in subordinate voting shares of Vireo at a deemed price per share of $0.54. The transaction, which reflects the continuation of Vireo's M&A strategy, is expected to close later this month, pending customary closing conditions and approvals.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vireo Growth Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9539504-en) on October 02, 2025, and is solely responsible for the information contained therein.