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Vireo Growth ( (TSE:VREO) ) has provided an update.
Vireo Growth Inc., a cannabis operator, has closed its acquisition of Eaze Inc., a vertically integrated cannabis retailer and delivery technology platform with operations in California, Florida, and Colorado. The deal expands Vireo’s footprint to 10 states with more than 160 dispensaries and roughly 800,000 square feet of cultivation and production capacity.
The acquisition gives Vireo immediate scale in California and Florida, adds 15 Colorado dispensaries to its retail base, and brings Eaze’s established delivery platform and 12 million-plus completed deliveries into its IP portfolio. Eaze CEO Cory Azzalino will lead Vireo’s California business, positioning the combined group to compete more aggressively in key U.S. cannabis markets and enhancing its retail and delivery capabilities for customers and other stakeholders.
More about Vireo Growth
Vireo Growth Inc. is a U.S.-based cannabis company founded in 2014, focused on building a disciplined, execution-driven platform in both medical and adult-use markets. The company emphasizes strong local market operations while leveraging a national portfolio, deploying capital and industry talent to drive value for customers, employees, shareholders, and the communities it serves.
Average Trading Volume: 47,028
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$583.4M
Learn more about VREO stock on TipRanks’ Stock Analysis page.