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Vireo Growth ( (TSE:VREO) ) just unveiled an update.
On June 6, 2025, Vireo Growth Inc. completed its acquisition of Deep Roots Holdings, a cannabis operator in Nevada, making it a wholly owned subsidiary. The transaction, valued at $132.7 million, involved issuing 255.2 million Subordinate Voting Shares of Vireo and included a clawback provision if 2026 EBITDA falls below the 2024 Closing EBITDA. This acquisition strengthens Vireo’s position in the cannabis market, expanding its footprint with Deep Roots’ cultivation facility and retail dispensaries, while also involving strategic investments in California, Ohio, and Massachusetts.
The most recent analyst rating on (TSE:VREO) stock is a Hold with a C$0.55 price target. To see the full list of analyst forecasts on Vireo Growth stock, see the TSE:VREO Stock Forecast page.
More about Vireo Growth
Vireo Growth Inc., founded in 2014, is a pioneer in the medical cannabis industry. The company focuses on empowering local market leaders and strategically allocating capital and human resources to serve its stakeholders, including customers, employees, shareholders, industry collaborators, and communities.
Average Trading Volume: 29,184
Technical Sentiment Signal: Sell
Current Market Cap: C$183.6M
Learn more about VREO stock on TipRanks’ Stock Analysis page.